By Lake Zone Watch Writer
The importance of Tanzania’s central bank (BoT) in having gold reserves as its financial base for foreign currency in dire times received prominence at a two-day seminar for journalists from six regions in the Lake Zone, which ended in Mwanza city yesterday.
Purchase of gold was one of the key topics presented at the
BoT-sponsored seminar to train journalists on economic and financial matters.
Other subjects unnder discussion included main functions of BoT, imlementation of laws and regulations governing the bank’s operations, removal of old bank notes from circulation, and monetary security marks, among other topics.
BoT Mwanza Branch Director Gloria Mwaikambo said the training was basically meant to broaden the knowledge of the participants from Geita, Kagera, Mara, Mwanza, Simiyu and Shinyanga to help them write accurate and comprehensive stories and feature articles on banking issues.
Acquianting journalists with new developments in the banking sector was another objective.