World Council: Iraq maintains its global position with the largest reserves of gold

2019-10-08 | 03:17


The World Gold Council announced on Tuesday that Iraq has maintained its global position with the largest reserves of gold, which represents 7% of the rest of its currencies.

The council said in a statistical published on its site during the month of October and saw it, Alsumaria News, that "Iraq has maintained its fifth position in the Arab world, which came after each of Saudi Arabia, Lebanon, Algeria and Libya," indicating that the last purchase of Iraq gold was in September of 2018 And 6.5 tons. "

The council added that "Iraq also maintained its 38th position globally with the largest gold reserves out of 100 countries included in the international financial statistics of global gold reserves, where these reserves amounted to 96.3 tons, which represents 7% of the rest of its currencies."

The Council noted that "five countries have acquired the world's largest gold reserves, namely the United States, Germany, Italy and France, where the reserves of these countries amounted to 16,386 tons out of 34,392 tons for 100 countries included in international financial statistics," noting that "the United States ranked first These reserves amount to 8.133 tons. "

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


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