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Economy News _ Baghdad
Today, Tuesday, the World Gold Council announced that Iraq has maintained its 30th rank globally among the largest countries in possession of gold reserves.
In its latest schedule for the month of September 2022, which was seen by Al-Iqtisad News, the council said that "the global central banks added 37 net tons to global gold reserves," noting that "the bulk of the rise resulted from purchases from Qatar (15 tons)," While the regular buyers of India were (13) tons, Turkey bought (12) tons, and Uzbekistan bought (9) tons.
He added that "Kazakhstan was the only prominent seller in this month, as it sold (11) tons of gold."
He pointed out that "Iraq maintained its global position after it rose 10 ranks last month after purchasing 34 tons of gold to rank 30 out of 100 countries listed in the table with the largest gold reserves, reaching 130.4 tons of gold, which represents 9.5% of the rest of its other reserves. ".
He explained that "Iraq has become the fourth largest Arab gold reserve after Saudi Arabia, Lebanon and Algeria, after it was sixth, surpassing Egypt and Libya, which ranked fifth and sixth, respectively."
globally; The United States of America still leads the rest of the countries with the largest gold possession in the world, with 8.133 tons, followed by Germany, 3.355 tons, and then Italy, 2,451 tons.
The Republic of Cuba ranked 100, with one ton, preceded by the Islamic Republic of Mauritania, with one ton.
On June 27, Iraq announced the purchase of new quantities of gold, amounting to approximately (34) tons, an increase of 35% over what was in its possession.
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
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