Iraq increases its gold reserves by 10 tons
Iraq increases its gold reserves by 10 tons
2025-03-05 01:11
Shafaq News/ The World Gold Council announced on Wednesday that Iraq has increased its reserves of the precious metal by 10 tons.
According to the latest schedule published by the Council in March, which Shafaq News Agency reviewed, “Iraq increased its gold holdings by 10 tons to reach 162.7 tons after it was 152.7 tons during the past month, which represents 13.6% of its other remaining reserves.”
He added, “Iraq reached the 28th rank on the list out of 100 countries included in the table,” indicating that “Iraq came fourth in the Arab world after Saudi Arabia, Lebanon and Algeria.”
The Council pointed out that “the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133 thousand tons, followed by Germany with 3,351 thousand tons, then Italy with 2,451 thousand tons, while Iceland came in last with 2 tons.”
Increasing gold reserves means increasing the amount of gold held by the state or the central bank as a financial reserve, in order to enhance financial security and the ability to confront economic or financial crises.
The World Gold Council 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
