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Between 2007 and 2023 (2000 and 2015 E.C.), significant quantities of gold were regularly delivered to the National Bank, but in the past two years, the supply has drastically declined
The quantum of gold supplied annually from Southwest Ethiopia to the National Bank has plummeted from 800 kilograms to just 90 kilograms, according to G/Mariam Setegn, Director of the region’s Minerals and Energy Agency.
Between 2007 and 2023 (2000 and 2015 E.C.), significant quantities of gold were regularly delivered to the National Bank, but in the past two years, the supply has drastically declined. G/Mariam noted that in 2009 and 2011 (2002 and 2003 E.C.), up to 800 kilograms of gold were collected from the region each year, and this level of production continued until 2023.
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However, since then, the quantity of gold reaching the National Bank has not exceeded 90 kilograms annually.
