Iraq maintains global ranking in gold reserves
Baghdad (IraqiNews.com) – The World Gold Council announced on Tuesday that Iraq’s gold reserves had remained stable.
According to the most recent assessments released by the council, Iraq has made no gold purchases since the beginning of 2025. The council highlighted that it remained in 29th place internationally out of 100 with the highest gold reserves.
Iraq’s gold holdings amounted to 162.7 tons, or 16.9 percent of its total foreign reserves. Additionally, following Saudi Arabia, Lebanon, and Algeria, Iraq kept its fourth rank among Arab countries.
In response to growing economic and geopolitical threats, central banks worldwide are increasing their holdings of bullion.
The country’s gold reserves increased by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023, according to data released earlier in March by the Central Bank of Iraq (CBI).
The World Gold Council, which has offices in India, China, Singapore, the United Arab Emirates, and the United States in addition to its headquarters in London, seeks to leverage market expansion to sustain and raise demand for gold.
Iraq’s gold holdings reflect the country’s ongoing efforts to diversify its foreign reserves and improve long-term financial and monetary stability.
Gold has historically been a shelter for investors, particularly during uncertain geopolitical and economic times.
