Iraq jumps in global gold reserve rankings
Iraq jumps in global gold reserve rankings
2026-02-05 01:20
Shafaq News – Follow-up
The latest official global gold reserves data for February 2026 showed that Iraq increased its reserves of the yellow metal to more than 174 tons, which contributed to its advancement to 28th place globally after it was in 29th place.
According to the data, Iraq’s gold reserves reached 174.6 tons, up from 170.9 tons in the previous month, representing 24.6% of the country’s total foreign currency reserves, indicating a growing reliance on the precious metal as a hedging tool and a support for monetary stability.
The United States topped the list with a reserve of 8,133 tons, followed by Germany with 3,350 tons, then Italy in third place with 2,451 tons, France in fourth place with 2,437 tons, while Russia came in fifth with a reserve of 2,326 tons.
Saudi Arabia topped the list of Arab countries with a reserve of 323 tons, followed by Lebanon with 286 tons, while Iraq came in third among Arab countries with a reserve of 174.6 tons, ahead of a number of other Arab countries.
The council added that Iraq bought one ton of gold in March 2025, 1.6 tons in June, 3.1 tons in July, 2.5 tons in August, and 3.8 tons in October 2025.
It is worth noting that the World Gold Council, which is based in the United Kingdom, includes the world’s largest gold mining companies and has extensive experience in analyzing market trends and factors affecting the price of the precious metal.
shafaq.com
