Iraq is ranked 37th in the world's largest reserves of gold Baltmoz

Economy News Baghdad

The World Gold Council said on Saturday that Iraq ranked 37th in the world's gold reserves in July.

"The world's reserves of gold for July fell by 79 tons from June to 33 thousand and 734 tons," the Council said in a statistical report published on its website and read by the Economist News. "The United States ranked first in the world in terms of These reserves amounted to 8.133.5 tons, followed by Germany with 3.371 tons.

The council added that "Iraq ranked 37th in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya."

"Iraq's reserves of gold remained steady, with 89.8 tons, representing 7.7 percent of the rest of the other currencies," the council said. "The last purchase of Iraq from gold was in April 2014, where it bought 15.16 tons."


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