For the third month in a row, Iraq occupies the fifth place as the largest gold reserve in the Arab world

Baghdad The World Gold Council announced, on Wednesday, that Iraq maintained its 39th position globally and fifth in the Arab world for the third month in a row as the largest gold reserve in the world.

The Council said in its latest schedule for the month of October 2021, that “Iraq maintained its position of 39 globally for the third month in a row out of the 100 countries listed in the table with the largest gold reserves, bringing its gold holdings to 96.3 tons, which represents 9.3% of the rest of its other reserves.”

He added, “Iraq has maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon,” noting that “Iraq has not bought gold since September of the year 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018, and it used 0.1 tons of these reserves are for internal purposes.

The Council indicated that “the central banks of the countries bought 30 tons of gold, as India (12.9 tons), Uzbekistan (8.7 tons), Kazakhstan (5.3 tons) and Turkey (2.8 tons) to their gold reserves, while the total sales amounted to less than two tons, as Qatar recorded the largest drop in gold reserves by 0.9 tons.

Source: National Iraqi News Agency