For the fifth month.. Iraq maintains its 30th rank in the world with the largest gold reserves
For the fifth month.. Iraq maintains its 30th rank in the world with the largest gold reserves
2023-05-08 03:25
Shafaq News/ The World Gold Council announced, on Monday, that Iraq has maintained its 30th rank in the world for the fifth consecutive month, with the largest gold reserves.
The council said in its latest schedule for the month of April 2023, seen by Shafaq News agency, that “Iraq’s ranking comes out of 100 countries listed in the table with the largest reserves of gold, after it rose ten ranks in July 2022, bringing its gold possession to 130.3 tons, which represents 8.1% of the rest.” other precautions.
And she added, “Iraq did not buy or sell any amount of gold during the first months of 2023,” noting that “the last purchase of gold by Iraq was in June of last year 2022 when it bought a quantity of 33.9 tons.”
He pointed out that “the most central banks buying gold during the first quarter of 2023 was the share of Singapore, as it bought 68.67 tons, followed by China by 57.85 tons, followed by Turkey 30.21 tons, then India 7.26 tons, while the most central banks of countries sold gold during This period went to Kazakhstan with a rate of 19.64 tons, followed by Uzbekistan with a rate of 14.62 tons, and then came Cambodia with a rate of 10.08 tons.
Globally, according to the table, the United States of America still leads the rest of the countries with the largest possession of gold in the world, with 8,133 thousand tons, followed by Germany with 3,355 thousand tons, and then Italy came with 2,451 thousand tons, while Bosnia and Herzegovina ranked 100th with 1.5 tons, preceded by Yemen with 1.6 tons.
On June 27, 2022, Iraq announced the purchase of new quantities of gold, amounting to approximately (34) tons, an increase of 35% over what was in its possession.
It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most gold mining companies in the world.
shafaq.com
