Iraq maintains its position in the global gold reserve ranking during 2026
Iraq maintains its position in the global gold reserve ranking during 2026
2026-05-10
Shafaq News – London
Data from the World Gold Council revealed that gold constituted about 25% of Iraq’s total foreign reserves during 2026, reflecting the continued role of gold as one of the most important financial hedging tools in the country.
The latest official global gold reserves data for May 2026 showed that Iraq has not recorded any gold purchases since the beginning of 2026, remaining at 174.6 tons.
This figure comes amid a state of relative stability in the global gold market, where central banks continue to rely on gold as a safe asset alongside foreign currencies.
According to data seen by Shafaq News Agency, Iraq maintained its position in the global ranking, coming in at 28th globally and third in the Arab world during the past months of this year.
Globally, the United States topped the list with a reserve of 8,133 tons, followed by Germany with 3,350 tons, then Italy with 2,451 tons, France came in fourth with 2,437 tons, while China came in fifth with a reserve of 2,311 tons.
According to the report, Iraq purchased several quantities of gold during 2025, including one ton in March, 1.6 tons in June, 3.1 tons in July, 2.5 tons in August, and 3.8 tons in October.
It is worth noting that the World Gold Council, based in the United Kingdom, is one of the leading bodies specializing in analyzing global gold market trends and the factors affecting its prices.
shafaq.com
