## World Gold Council Reports Iraq’s Increased Gold Holdings
The World Gold Council announced on Wednesday that Iraq has increased its holdings of gold to more than 142 tons.
The council’s latest table for January shows that Iraq maintained its 30th place globally out of 100 countries listed in the table with the largest gold reserves. Its holdings rose to 142.6 tons, up from 132 tons, representing an 8.3% increase in its remaining other reserves.
Iraq ranks fourth in the Arab world after Saudi Arabia (323.1 tons), Lebanon (286.8 tons), and Algeria (173.6 tons).
The report also notes that the United States holds the most gold in the world, with 8,133.5 thousand tons, followed by Germany (3,352.6 thousand tons) and Italy (2,451.8 thousand tons). Bosnia and Herzegovina has the lowest gold holdings among the listed countries, with 1.5 tons.
The World Gold Council also revealed that Iraq purchased 12.25 tons of gold in 2023.
The World Gold Council is a leading authority in the gold market, with extensive experience and in-depth knowledge of market factors. Its members include the world’s largest and most advanced gold mining companies.