- Today 16:20
The World Gold Council’s report for the month of September showed that the gold reserves of the Arab countries amounted to 1,515.1 tons, while the gold reserves of the countries of the world combined reached 35,664.5 tons.
According to the report, which shows what central banks own in gold, 5 Arab countries account for the lion’s share (about 69%) of the total Arab countries’ reserves of the yellow metal.
According to the report, the countries are: Saudi Arabia (323.1 tons), Lebanon (286.8 tons), Algeria (173.6 tons), Iraq (132.6 tons), Egypt (125.9 tons).
Globally, the United States (8133.5 tons) topped the world in gold reserves, followed in second place by Germany (3352.6 tons), then Italy (2451.8 tons), then France (2436.9 tons), followed by Russia with reserves amounting to 2329.6 tons.
The past years have witnessed a desire by central banks around the world to buy the precious metal in light of economic fluctuations and high inflation rates. Ended / 25 hours
[You must be registered and logged in to see this link.]