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Democratic Republic of the Congo to Start Buying Gold for Reserves đȘđ
The Central Bank of the Democratic Republic of the Congo has announced plans to begin purchasing gold from its state-owned trader to bolster its reserves. This move aims to diversify the countryâs foreign reserves and reduce reliance on traditional currencies. Gold, historically a safe-haven asset, can help stabilize a nationâs economy, especially amid geopolitical tensions and currency volatility.
The initiative signals a growing interest in gold as a strategic reserve asset among emerging markets.
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