Iraq’s gold reserves are approaching the 171-ton mark.
Iraq’s gold reserves are approaching the 171-ton mark.
2025-11-06 01:10
Shafaq News – Follow-up
The World Gold Council confirmed on Thursday that Iraq’s reserves of the yellow metal have approached the 171-ton mark, maintaining its global ranking among the countries with the largest gold reserves.
The council said in its latest statistics for November, which were reviewed by Shafaq News Agency, that Iraq did not buy any quantity of gold during seven months of 2025, yet it maintained its 29th place globally out of 100 countries, with the largest reserve of the precious metal.
He pointed out that Iraq’s gold reserves amounted to 170.9 tons, which is equivalent to 21.6% of its other hard currency reserves, and thus it came fourth in the Arab world after Saudi Arabia, Lebanon and Algeria with the largest gold reserves.
The council noted that the United States of America tops the list of the world’s largest gold holders, with 8,133 tons, followed by Germany with 3,350 tons, then Italy with 2,451 tons, while Trinidad and Tobago and Haiti are at the bottom with 2.0 and 1.8 tons respectively.
It is worth noting that the World Gold Council, which is based in the United Kingdom, has extensive experience and in-depth knowledge of the factors affecting market changes, and its members include the world’s largest and most advanced gold mining companies.
shafaq.com
