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Iraq's gold reserves hold firm and maintain its 37th position globally

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Iraq's gold reserves hold firm and maintain its 37th position globally

Post  RamblerNash on Thu Nov 09, 2017 11:50 pm

Iraq's gold reserves hold firm and maintain its 37th position globally

Wednesday, November 8,

Alsumaria News / Baghdad ,
said the World Gold Council, Wednesday, Iraq has maintained its position 37 globally reserves of gold in this November, referring to the United States maintained its first place in terms of these reserves.

"Iraq's gold reserve stood at 89.8 tons," the World Gold Council said in a report, followed by Sumerian News. "Iraq is still maintaining its 37th position globally in terms of these reserves."

The Council added that "this amount represents 8.0% of other reserves of foreign currency with the Central Bank of Iraq," pointing out that "Iraq has not bought gold since 2015, but has maintained this level since that time."

"The United States is still the world's first in terms of these reserves registered 8.133 tons, followed by Germany with 3.373 tons."

Iraq has started buying gold reserves as a reserve since 2013 as well as foreign currency reserves.


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