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Iraq ranks 4th in the Arab world and 30th in the world with the largest gold reserves
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Baghdad today - follow-up
Today, Wednesday (September 6, 2023), the World Gold Council announced that Iraq has maintained its 30th rank in the world with the largest gold reserves.
A schedule of the council for the current month of September 2023, seen by “Baghdad Today,” stated that “Iraq maintained its rank 30 globally out of 100 countries listed in the table with the largest reserves of gold, despite its purchase of 2.3 tons of gold in the month of May, bringing its possession of gold to 132.6 tons, which is It represents 7.6% of the rest of its other reserves.
He added, "Iraq ranked fourth in the Arab world with the largest reserves of gold, after Saudi Arabia, 323.1 tons, Lebanon 286.8 tons, Algeria 173.6 tons, and Egypt ranked fifth, with 125.9 tons."
He pointed out, "The most central banks buying gold during the second quarter of 2023 was the share of Poland, as it bought 48.41 tons, followed by China by 45.10 tons, followed by the Czech Republic 6.06 tons, then Russia 3.11 tons, while the most central banks of countries sold gold. During this period, Turkey's share came with 132.23 tons, followed by Tunisia with 18.50 tons, and then Uzbekistan with 4.04 tons.
According to the table, “the United States of America still leads the rest of the countries with the largest possession of gold in the world, at 8,133 thousand tons, followed by Germany with 3,352 thousand tons, and then Italy came with 2,451 thousand tons, while Suriname ranked 100th with 1.5 tons, followed by Bosnia and Herzegovina with the same amount by 1.5 ton".
On June 27, 2022, Iraq announced the purchase of new quantities of gold, amounting to approximately (34) tons, an increase of 35% over what was in its possession, while in May it announced its purchase of 2.3 tons of gold.
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