Iraq maintains its rank with the largest gold reserves

 
04/07/2021

Economy News _ Baghdad

The World Gold Council said, on Wednesday, that Iraq has maintained its 38th position in the world's largest reserves of the precious yellow metal.

In its latest schedule for the month of April 2021, which was seen by "Al-Economy News", the council said, "Central banks' possession of the 100 countries listed in the schedule amounted to 35,218 thousand tons," indicating that "Iraq has maintained its 38th position with the world's largest reserves of the precious yellow metal and the fifth Arab reserves by 96.3 tons, which represents 8.9% of the rest of the other reserves. "

He added that the United States of America still ranks first in the largest gold reserves with 8,133,000 tons, followed by Germany with 3,362,000 tons, while Yemen comes to the top with 1.6 tons, followed by Haiti with 1.8 tons.

He pointed out that "the main buyers of gold during this month are India, amounting to 11.2 tons, Uzbekistan, by 7.2 tons, Kazakhstan, 1.6 tons, and Colombia, 0.5 tons, while the main sellers were Turkey, with an amount of 11.7 tons."

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

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