More than 96 tons of Iraq’s gold reserves

More than 96 tons of Iraq’s gold reserves

Sunday May 9, 2021 | 10:09 am

More than 96 tons of Iraqs gold reservesThe World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold in reserves of the precious yellow metal .

In its latest schedule for the month of May 2021, the council said, “Iraq ranked 38th in the world out of 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya .”

He added, “Iraq’s possession of gold amounted to 96.3 tons, which represents 8.1% of the rest of its other reserves .”

He added, “The United States of America still ranks first in the largest gold reserves in the world with 8,133 thousand tons, followed by Germany with 3,362 thousand tons, while Suriname comes to the top with 1.5 tons, followed by Yemen with 1.6 tons .”

He pointed out that “the most prominent buyers of gold during this month are Japan, by 80.8 tons, and Hankaria, by 63 tons, and Uzbekistan, 8 tons, while the most prominent sellers were Turkey, by 2.6 tons .”

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.