Iraq increases its gold holdings by 100 kg and maintains its global and Arab ranking.
Iraq increases its gold holdings by 100 kg and maintains its global and Arab ranking.
2025-05-06 01:37
Shafaq News/ The World Gold Council announced on Tuesday that Iraq’s gold reserves increased by 100 kilograms.
According to the latest schedule published by the Council in May, and seen by Shafaq News Agency, “Iraq’s gold holdings increased by 100 kilograms, reaching 162.7 tons, up from 162.6 tons last month. This represents 16.1% of its remaining reserves.”
He added, “Iraq maintained its 28th place on the list out of 100 countries included in the table,” noting that “Iraq came in fourth place among Arab countries after Saudi Arabia, Lebanon, and Algeria.”
The Council also noted that “the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133,000 tons, followed by Germany with 3,351,000 tons, then Italy with 2,451,000 tons, while Iceland and Papua New Guinea are at the bottom with 2 tons.”
It’s worth noting that the World Gold Council is headquartered in the United Kingdom and possesses extensive experience and in-depth knowledge of the factors driving market change. Its members comprise some of the world’s largest and most advanced gold mining companies.
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