World Council: Iraq will not purchase gold in 2025
World Council: Iraq will not purchase gold in 2025
2025-08-04 03:25
Shafaq News – Baghdad
The World Gold Council confirmed on Monday that Iraq did not purchase any gold during the first half of 2025, noting that it nevertheless maintained its global ranking among countries with the largest reserves of the precious metal.
The council stated in its latest statistics for August, reviewed by Shafaq News Agency, that Iraq has not recorded any gold purchases since the beginning of the year, but it remains ranked 29th globally out of 100 countries on the list of the largest gold reserves.
He explained that Iraq purchased 33.9 tons of gold in 2022, 12.3 tons in 2023, and 20.1 tons in 2024, bringing its total reserves to 162 tons.
The Council noted that the United States of America still tops the global list with reserves of 8,133,000 tons, followed by Germany with 3,350,000 tons, then Italy with 2,451,000 tons, while Iceland and Hong Kong came in last with reserves of 2 and 2.1 tons, respectively.
It’s worth noting that the World Gold Council, headquartered in the United Kingdom, is one of the most prominent bodies specializing in this field. Its membership includes the world’s largest gold mining companies and is distinguished by its in-depth knowledge of the factors influencing the global gold market.
shafaq.com
