The Central Bank of Congo in Goma, highlighting financial infrastructure and economic activity.
The Democratic Republic of Congo’s central bank is embarking on a new strategy: purchasing gold directly from state-owned trader DRC Gold Trading to build its monetary reserves. The partnership targets gold sourced from artisanal miners, aiming to capture revenue that has long slipped through informal channels—often trafficked to Dubai via neighboring countries. By becoming the principal off-taker, the bank hopes to sever links between mining and armed groups while strengthening the Congolese franc. With production targeted at 18 tons this year—worth nearly $3 billion—the move will help the country, which currently has zero gold in its reserves, benefit from its vast gold deposits.
Bloomberg