He gave the example of the former Deputy Prime Minister, Mr Augustine Lyatonga Mrema who had, during his short tenure, ordered the BoT to buy gold from small scale miners in order to stop the sale of the precious metals to neighboring countries.
In just one year, the BoT was able to collect 16 tons of gold which it proceeded to deposit with one Swiss bank One international financial institution became worried that if Tanzania was allowed to continue with what it was doing, it would sooner than later become economically strong and independent the international financial institutions did not want that to happen! As expected, they flexed their muscles, questioning the Tanzanian government why it was involving itself in business. Unfortunately, we bowed to their pressure and that was that, he said visibly disappointed.