Its world council reveals the quantities of gold purchased by Iraq during 8 years
The World Gold Council announced today, Saturday, that Iraq bought more than 90 tons of gold in 8 years, indicating that the last purchase of gold for Iraq was in September of 2018 at 6.5 tons.
The council said in a statistic published on its website during the month of December that “Iraq bought 90.4 tons of gold during 8 years”, indicating that “the last purchase of gold was in the month of September of 2018 at an amount of 6.5 tons.”
He continued that Iraq bought in 2012 the amount of 23.9 tons of gold and then bought in 2013 the amount of 12.4 tons and then bought in 2014 the amount of 47.6 tons and then bought in 2018 the amount of 6.5 tons to become its gold reserves 96.3 tons, which represents 6.8% of The rest of his currencies. ”
The council added that Iraq still maintains its fifth Arab position, which came after Saudi Arabia, Lebanon, Algeria and Libya, and on the 38th position globally out of 100 countries included in the international financial statistics for the global reserves of gold.
The council noted that “five world countries have acquired more than half of the world’s reserves of gold, which are the United States, Germany, Italy, France and Russia, noting that” the United States ranked first with these reserves and by 8.133 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 that cause the market change and its members consist of the largest and most advanced gold mining companies in the world. Source