Source: Foundation for Economic Education
by Arman Sidhu
“For a small-scale gold miner in Uganda, the question of where to sell has just been answered for him. Gold has surpassed coffee as Uganda’s largest export, and as of last month, the country’s central bank is positioning itself as the dominant legal buyer for nearly all of it. Late in April, the Bank of Uganda launched a three-year gold-buying program that registers it as a gold dealer purchasing directly from licensed Ugandan miners through contracts with two refiners.” (05/13/26)