Iraq buys a quantity of gold and maintains its global rank in possession of the yellow metal

Iraq buys a quantity of gold and maintains its global rank in possession of the yellow metal

2021-11-07 08:09

Iraq buys a quantity of gold and maintains its global rank in possession of the yellow metalShafaq News/ The World Gold Council announced on Sunday that Iraq maintained its 39th position globally for the fourth consecutive month and the fifth in the Arab world as the largest gold reserve in the world, indicating that Iraq bought two kilograms of gold in April.

The council said in its latest schedule for the month of November of 2021, which was seen by Shafak News Agency, that “Iraq bought 2 kilograms of gold last April after it sold the same amount in January of 2021.”

He added, “Iraq maintained its position of 39 globally for the fourth consecutive month out of 100 countries listed in the table as the largest gold reserves, with its gold holdings reaching 96.4 tons, which represents 9% of the rest of its other reserves.”

He pointed out that “Iraq also maintained its fifth rank in the Arab world, after Saudi Arabia, Libya, Algeria and Lebanon,” noting that “the total possession of gold in the five Arab countries amounts to 996.5 tons.”

He pointed out that “the highest gold reserves in the world, the United States of America came first with a rate of 8,133 thousand tons, followed by 3,259 thousand tons, and then 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons.”

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.

shafaq.com