The world is going through a big financial crisis, pushing countries to find new ways to protect their economies. Gold, with its skyrocketing value, is now a popular way for countries to strengthen their financial systems. Africa, home to vast gold resources, understands this well. But there's a problem: most of Africa’s gold is still controlled by Western countries. African nations are now looking for a way to break free from this long-standing issue, which stems from colonial times.
The Problem with Reserves
Due to rising global tensions, countries around the world—both rich and poor—are becoming more concerned with their reserves. Reserves include foreign currencies like the US dollar or euro, and gold, which is considered a secure asset. These reserves help countries pay for things they import, like food, medicine, and technology. In Africa, reserves are critical because the continent struggles with high interest rates and unstable access to international loans. Many Afr...
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