Iraq has increased its gold reserves by 10 tons to reach a total of 162.7 tons, now comprising 13.6% of its total reserves. This positions Iraq 28th globally and 4th in the Arab world, following Saudi Arabia, Lebanon, and Algeria.
Iraq has recently enhanced its gold reserves by 10 tons, resulting in a total of 162.7 tons, as reported by the World Gold Council (WGC). This increase in gold holdings indicates a growth from 152.7 tons just a month earlier, now making up 13.6% of the country’s overall reserves.
With this development, Iraq now ranks 28th in the world among 100 countries in terms of gold reserves, and it stands fourth among Arab nations, behind Saudi Arabia, Lebanon, and Algeria. The WGC’s data reflects a broader context of global gold holdings, with the United States holding the most at 8,133 tons, followed by Germany and Italy with holdings of 3,351 tons and 2,451 tons, respectively. Notably, Iceland has the least reserves at just 2 tons.
Iraq’s increase in gold reserves reinforces its position as a significant player in global gold holdings, ranking 28th worldwide and fourth among Arab nations. The WGC’s report highlights the substantial contrast in reserves between Iraq and leading countries, underscoring the importance of gold as a component of national reserves.
Original Source: shafaq.com
