BoZ commences gold purchasing programme

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   • Iam actually shocked to hear that BOZ has only started buying gold now. I thought all central banks had a stash of gold in their vaults?? Why hasn’t BOZ stored these since the 60s?

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2. When is BOZ commencing on rebuilding healthy forex reserves back to $3.5B like in the last term of MMD and Rupiah Banda ?

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   • Some of you are so obsessed with personalities that’s why we never develop. Just see what is happening in the US where Trump is leading people to the brink of war because they are blind unthinking followers. Who was Rupiah Banda but some dealer globe trotter who did so to raise his allowances and enrich himself having come late into an unexpected presidency?

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3. Buying Gold at what price, there is no transparency or accountability here.

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4. Mzambia wa Zamani – I think the current action, the basis of this article is the answer to your question.

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5. I am also selling the gold I own. I hope boz can give me a good deal

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6. adviser – So if BOZ is buying from this company as opposed to on the market is it getting it cheaper and is the company not losing out on forex…is it not wise to sell abroad and bring forex into the country.

7. Zambians; Dady we are dying of hunger
   Dad: Don’t worry I will buy you an iphone

8. Foolishness is letting a foreign entity buy equity in a gold company and sell you gold at the price of the equity!!

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   • Tom Muumba you dont know what you are talking about

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   • Trust me I do! And the truth pinches like hell!!

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9. This is good action. From a purely economic viewpoint, the accumulation of gold reserves by national banks supports the national currency and indicates that the country is on the right path in managing the debt crisis.

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10. Good move

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11. Good move BOZ

12. Good step very commendable

13. They have taken a commendable step. It’s for the good of Zambia

14. You are a trypical ***** who just want to show off at the expense of the suffering majority Zambians ripped off by Edgar Choipa Lungu.

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