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Saleh: Government strategy to boost gold reserves as part of asset diversification
- Time: 2024/11/13 18:46:13
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{Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, considered the Iraqi government’s strategy towards strengthening the gold reserve as part of diversifying assets.
Useful summary.. In important news you can find it on Al Furat News channel on Telegram.. [You must be registered and logged in to see this link.]
Saleh told {Euphrates News} that: "According to a recent report issued by the World Gold Council, Iraq's reserves amounted to 152.6 tons, making it 29th in the world and third in the Arab world after Saudi Arabia and Lebanon."
He explained, "This reserve constitutes about 11% of Iraq's total foreign reserves, and is one of the indicators that enhance financial stability in the country."
Saleh pointed out that "the Iraqi government continues to enhance gold reserves as part of a strategy to diversify assets in various foreign currencies and gold."
The World Gold Council announced today, Wednesday, that Iraq has raised its gold holdings to 152.6 tons, making it 29th in the world out of 100 countries listed in the reserves table, and third in the Arab world after Saudi Arabia and Lebanon.
The council explained that this amount represents 11.5% of Iraq's remaining reserves. According to the data, the United States ranks first in the world with the largest gold holdings at 8,133.5 tons, followed by Germany at 3,351.5 tons, then Italy at 2,814 tons. In contrast, Bosnia and Herzegovina came in last with 1.5 tonnes of gold.
The UK-based World Gold Council, which includes the world’s largest gold mining companies, is a key reference in tracking and guiding changes in the global gold market.
Raghad
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, considered the Iraqi government’s strategy towards strengthening the gold reserve as part of diversifying assets.
Useful summary.. In important news you can find it on Al Furat News channel on Telegram.. [You must be registered and logged in to see this link.]
Saleh told {Euphrates News} that: "According to a recent report issued by the World Gold Council, Iraq's reserves amounted to 152.6 tons, making it 29th in the world and third in the Arab world after Saudi Arabia and Lebanon."
He explained, "This reserve constitutes about 11% of Iraq's total foreign reserves, and is one of the indicators that enhance financial stability in the country."
Saleh pointed out that "the Iraqi government continues to enhance gold reserves as part of a strategy to diversify assets in various foreign currencies and gold."
The World Gold Council announced today, Wednesday, that Iraq has raised its gold holdings to 152.6 tons, making it 29th in the world out of 100 countries listed in the reserves table, and third in the Arab world after Saudi Arabia and Lebanon.
The council explained that this amount represents 11.5% of Iraq's remaining reserves. According to the data, the United States ranks first in the world with the largest gold holdings at 8,133.5 tons, followed by Germany at 3,351.5 tons, then Italy at 2,814 tons. In contrast, Bosnia and Herzegovina came in last with 1.5 tonnes of gold.
The UK-based World Gold Council, which includes the world’s largest gold mining companies, is a key reference in tracking and guiding changes in the global gold market.
Raghad
[You must be registered and logged in to see this link.]
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