Global gold: America first and Iraq in 38th place in the largest reserves of the precious metal
Global gold: America first and Iraq in 38th place in the largest reserves of the precious metal
2021-03-10 22:52
Shafaq News / The World Gold Council announced, on Wednesday, that the United States of America ranks first and Iraq in 38th place, with the world’s largest reserves of the precious yellow metal.
In its latest schedule for the month of March of 2021, which was seen by Shafaq News Agency, the council said that “the possession of central banks of the 100 countries listed in the table amounted to 35,244 thousand tons,” indicating that “the United States of America ranked first in the largest gold reserves it possesses at 8,133 thousand Tons, followed by Germany, with an amount of 3,362 thousand tons, then comes the International Monetary Fund, with an amount of 2,814 thousand tons, and Italy comes fourth with an amount of 2,451 thousand tons, while Yemen is at the top of the list by 1.6 tons, followed by Haiti by 1.8 tons.
He added, “Iraq still maintains the 38th position in the world and the fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 10% of the rest of the other reserves,” noting that “the last purchase of gold by Iraq was in September 2020, with an amount of 0.1 tons.” .
He pointed out that “the most prominent buyers of gold during this month are Uzbekistan, by 8.1 tons, and Kazakhstan, by 2.8 tons, while the most prominent sellers were Turkey, with an amount of 17.2 tons, and Russia, by 3.1 tons.”
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 advanced gold mining companies in the world.
shafaq.com
