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Iraq maintains 37th place in the world and fifth in the Arab world with the highest gold reserves

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Iraq maintains 37th place in the world and fifth in the Arab world with the highest gold reserves

Post by claud39 on Sat Dec 22, 2018 10:12 am


Iraq maintains 37th place in the world and fifth in the Arab world with the highest gold reserves

Baghdad Saturday 22 December

announced that the World Gold Council, on Sunday that Iraq maintained the position of the 37 Arab world - fifth highest reserves of gold in December , although buy 6.5 tons in September. 

"Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, and the fifth place in the Arab countries, which came after Saudi Arabia, Lebanon, Algeria and Libya," the council said in a statement published on its website and read by Alsumaria News. "He said.

"Iraq bought 6.5 tons of gold in September to raise its reserves to 96.3 tons of gold after it was 89.8 tons, but it maintained its rank 37 globally, noting that these reserves represent 6.4% of the rest of the other currencies." 

The Council noted that " the United States ranked first globally in terms of these reserves , which amounted to 8.133.5 tons, followed by Germany with 3.369 tons, while Laos ranked last 0.9 tons of gold." 

The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the largest and most advanced gold mining companies in the world.

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