Madagascar central bank announces opening of gold collection points
The Central Bank of Madagascar announced the upcoming opening of gold collection points in four regions with high gold potential. The institution aims to increase its gold reserves and formalize a sector largely controlled by traffickers. The bank currently holds one tonne of gold and wants to strengthen the ariary's stability.
Why it matters: This relates to the theme of commodity governance and illicit financial flows, as the central bank seeks to curb smuggling and formalize artisanal mining.