2024-01-07T09:43:16+00:00
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/ The World Gold Council announced on Sunday that Iraq maintained its 30th place in the world with the largest reserves of the yellow metal.
The Council’s latest table for the month of January, viewed by Agency, showed that Iraq maintained its ranking at 30 globally out of the 100 countries included in the table with the largest gold reserves, bringing its gold holdings to 132.7 tons, which represents 7.7% of the rest of its other reserves.
The table shows that Iraq ranked fourth in the Arab world after Saudi Arabia, which ranked first in the Arab world with the largest gold reserves, reaching 323.1 tons, followed by Lebanon with 286.8 tons, followed by Algeria with 173.6 tons.
He pointed out that the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8,133.5 thousand tons, followed by Germany with 3,352.6 thousand tons, then Italy came with 2,451.8 thousand tons, while Bosnia and Herzegovina ranked 99th with 1.5 thousand tons. tons, followed by Suriname with the same amount at 1.5 thousand tons.
The Council stated that, on June 27, 2022, Iraq announced the purchase of new quantities of gold amounting to approximately (34) tons, an increase of 35% over what it had in possession, while in the month of May it announced the purchase of 2.3 tons of gold.
It is noteworthy that the World Gold Council, based in Britain, has extensive experience and deep knowledge of the factors causing market changes, and its members consist of the largest and most advanced gold mining companies in the world.