KTFA (Samson)


Samson: Iraq maintains its global ranking in terms of gold reserves

9th April, 2020
The World Gold Council affirmed on Thursday that five Arab countries, including Iraq, have maintained their global ranking in terms of having the largest gold reserves.

The council said in a statistic during the month of April that “Saudi Arabia, Lebanon, Algeria, Libya and Iraq maintained their global ranking with the world’s largest gold reserves and reserves of 996.4 tons.”

The council added, “Iraq still maintains its fifth Arab position, after which it came after Saudi Arabia, Lebanon, Algeria and Libya, as well as maintained 38th place globally out of 100 countries included in the international financial statistics for global gold reserves,” noting that “Iraq reserves It amounted to 96.3 tons of gold.”

The Council pointed out that “the United States of America is still in the first place with the largest reserves of gold in the world, as these reserves reached 8.133.5 tons, followed by Germany with 3.366 tons, while Haiti topped the ranking table with only 1.8 tons.”  LINK