Iraq’s gold reserves decline after it sells bullion on the local market.
Iraq’s gold reserves decline after it sells bullion on the local market.
2025-04-05 23:37
Shafaq News/ The World Gold Council announced on Sunday that Iraq’s gold reserves decreased by 100 kilograms.
According to the latest schedule published by the Council in April, seen by Shafaq News Agency, “Iraq’s gold holdings decreased by 100 kilograms, reaching 162.6 tons, down from 162.7 tons last month. This represents 14.5% 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 comes in last with two tons.”
The 100-kilogram shortage in Iraq’s gold reserves is due to its domestic use and sale in the form of gold bullion, according to Shafaq News Agency’s economic correspondent.
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.
shafaq.com
