February 15, 2025

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Tigray Gold Ethiopia

Gold Worth Billions Smuggled from Tigray Region of Ethiopia

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Gold worth billions of birr is being smuggling out of Tigray of Ethiopia, according to the Tigray Interim President.

Getachew Reda, the head of Tigray Interim Administration, held a virtual meeting with Tigrayan diaspora last week. Talking to diaspora he disclosed that in the first quarter of the current fiscal year, gold worth 17 billion birr was legally sold to Ethiopian National Bank of Ethiopia. But in the same period, the amount of gold smuggled out of Tigray was 3-4 times as high.

He accused people in power of being involved in gold smuggling. “Chinese, Swedes and other foreigners of unknown origin are also engaged in gold smuggling”, he said.

“Though a task force has been established to solve the problem, the interim administration is having a lot of difficulty in stopping the smuggling sector and the people of the region are complaining about the issue,” the President said.

Getachew Reda, in some recent statements, implied that his rival Tigray People’s Liberation Front (TPLF) group led by Debretsion Gebremichael is involved in smuggling of gold from Tigray.

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