Iraq maintains fifth place in terms of gold reserves

Iraq maintains fifth place in terms of gold reserves

15-03-2018 05:25 PM

Iraq maintains fifth place in terms of gold reservesThe World Gold Council announced on Thursday the decline in the world’s reserves of gold in March, while noting that Iraq has maintained the rank of 37 in the world and the fifth of the Arab world reserves.

The world’s reserves of gold declined by 117 tons from February to 33,773 tons, according to the statistics published on its website. The United States still ranks first in the world in terms of reserves of 8.133.5 tons. Germany with 3.373 tons.

The Council added that Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab world, after it came after Saudi Arabia, Lebanon, Algeria and Libya.

The Council noted that “Iraq’s gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies,” noting that “the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons.”

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