Iraq maintains its fifth position in the Arab largest reserves of gold for the month of June

Iraq maintains its fifth position in the Arab largest reserves of gold for the month of June



2019-06-05 05:22

The World Gold Council announced Wednesday that Iraq has maintained its fifth position in the Arab largest reserves of gold for June, indicating that Russia was the most buying countries for gold in 2019.

" Iraq maintained its fifth position in the Arab region with the largest gold reserves for June after Saudi Arabia, Lebanon , Algeria and Libya, where these reserves reached 96.3 tons, representing 6.1 percent of the rest, " the council said in a statement published on its website. Other currencies ".

The Council added that " Iraq also maintained the rank of 38 out of 100 countries listed in the international financial statistics of the global reserves of gold," noting that "the last purchase of gold for Iraq was in September of 2018 and the amount of 6.5 tons."

He added that " Russia was the most buying countries for gold during the current year and 70.4 tons, followed by China by 47.9, followed by Turkey by 42.7 tons," explaining that "the United States is still on the throne occupying the first place in the world in terms of these reserves, Amounted to 8.133.5 tons, followed by Germany with 3.367 tons.

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