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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq and 4 Arab countries possess more than one million tons of global gold reserves

    Rocky
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    Iraq and 4 Arab countries possess more than one million tons of global gold reserves Empty Iraq and 4 Arab countries possess more than one million tons of global gold reserves

    Post by Rocky Thu 07 Dec 2023, 6:44 am

    Iraq and 4 Arab countries possess more than one million tons of global gold reserves

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    Gold bullion in Munich. "Reuters"



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    Economy News - Baghdad
    The World Gold Council announced on Thursday that Iraq and four Arab countries possess more than one million tons of global gold reserves.
    The Council said in its latest schedule for the month of December 2023, viewed by Shafaq News Agency, that “Iraq, Algeria, Egypt, Lebanon, and Saudi Arabia have reached one million, 28,040 tons of precious metal.”
    He added, "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves, as it has not purchased gold since the month of May, bringing its gold possessions to 132.7 tons, which represents 7.7% of the rest of its other reserves."
    He pointed out that “the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8,133.5 thousand tons, followed by Germany with 3,352.6 thousand tons, then Italy came with 2,451.8 thousand tons, while Suriname ranked 99th with 1.5 thousand tons.” tons, followed by Papua Guinea with the same amount at 1.5 thousand tons.”
    The Council stated, “Iraq announced on June 27, 2022, the purchase of new quantities of gold amounting to approximately (34) tons, an increase of 35% over what was in its possession, while in the month of May it announced the purchase of 2.3 tons of gold.”
    It is noteworthy that the World Gold Council is based in the United Kingdom and has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.


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