World Gold Council announced that four central banks have committed to signing ‘The London Principles' - a set of operating principles designed to help structure and formalise Central Bank Artisanal and Small-Scale Gold Mining Domestic Purchase Programmes (ASGM DPP).

Around the world, some central banks have launched these programmes to buy gold produced by domestic artisanal and small-scale gold miners in local currency. ASGM DPPs offer a route to help bring responsible artisanal and small-scale gold miners into the formal supply chain.

The inaugural signatories are Монголбанк /Монгол Улсын Төв банк/, Banco de la República - Colombia, Banco Central del Ecuador, and Bangko Sentral ng Pilipinas. The commitment of these institutions represents progress towards more responsible gold sourcing practices worldwide.

The planetGOLD Mongolia project is grateful for this inauguration, as it has been working diligently to support artisanal gold miners in Mongolia in getting access to and responsibly participating in the formal gold supply chain since 2019.

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