Post falsely claims Tanzania dumping US dollar for gold as reserve currency
The US dollar has been the world’s dominant reserve currency since World War II and is widely used to conduct international trade. A recent push by some world leaders to find alternatives has sparked false claims about changes to monetary policy in several African countries. A post on X, formerly Twitter, claims Tanzania will no longer stockpile the US dollar as a reserve currency following an announcement that it is purchasing gold to bolster its foreign reserves. However, AFP Fact Check found
Source: yahoo.com