World Council: Five countries have more than half the world's gold reserves
Economy News _ Baghdad
The World Gold Council announced on Sunday that five countries have more than half of the world's gold reserves, indicating that Iraq has maintained its fifth position in the Arab world.
"The United States, Germany, Italy, France and Russia have more than half of the world's gold reserves," the council said in a survey published on its website in November. In the international financial statistics of global gold reserves. "
He added that "the United States of America ranked first in these reserves by 8.133 thousand tons, followed by Germany and 3.366 thousand tons, followed by Italy and 2.451 thousand tons, followed by France and 2.436 thousand tons and then Russia and 2.241 thousand tons."
The Council pointed out that "Iraq maintained its fifth position in the Arab world, followed by Saudi Arabia, Lebanon, Algeria and Libya, where these reserves amounted to 96.3 tons, which represents 6.8% of the rest of its currencies."
The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the factors causing the market change and its members are composed of the largest and most advanced gold mining companies in the world.