Posted by The Ethiopia Observatory (TEO)
by Addis Fortune
Officials at the central bank have moved today reducing the minimum volume of gold the National Bank of Ethiopia (NBE) receives from artisanal miners by three folds, to 50 grams.
Teklewold Atnafu, Governor of the central bank, told parliament’s standing committee on Budget & Financial Affairs, his desire to see a boost in gold production and wants to motivate over 1.5 million artisanal miners in the country. He appeared before members of the Standing Committee, reporting on the first quarter results of the Bank.
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