Shafaq News / The World Gold Council announced on Thursday that five Arab countries, including Iraq, have more than a thousand tons of global gold reserves.
“The first five countries (Saudi Arabia, Lebanon, Algeria, Iraq and Egypt) have 1.47.3 tons, while the rest of the countries (Libya, Kuwait, the UAE, Jordan, Morocco and Bahrain) have 489.5 tons,” the council said in its latest schedule for March, seen by Shafaq News.
He added that “Iraq has maintained its 30th rank globally out of 100 countries listed in the table with the largest gold reserves, as it has not bought gold since May to reach its gold hold poss 142.6 tons, which represents 8.4% of the rest of its other reserves.”
The Council also pointed out that “the United States of America is on the throne of the rest of the countries with the largest possession of gold in the world at 8.133.5 thousand tons, followed by Germany 3.352.6 thousand tons, and then Italy came 2.451.8 thousand tons, while Bosnia and Herzegovina tailed 1.5 thousand tons.”
Based in the United Kingdom, the World Gold Council has extensive experience and deep knowledge of the factors causing the market change, and its members consist of the world’s largest and most advanced gold mining companies.
