Economy News Baghdad
The list of countries with the highest gold reserves as one of their global reserves with little change, with the top ten maintained their position.
According to the World Gold Council’s recent report, the United States still maintains the world’s largest reserves of precious metal.
Central banks have 33.695 thousand tons of gold through their reserves.
However, with regard to the purchase of gold central banks, Russia, Kazakhstan and Turkey are the most buying of precious metals during the third quarter of this year.
The top 10 gold possession states
Nine more countries are still on the top 10 list of gold holdings by the end of October.
The IMF is the only institution in the most gold-holding category, which means that India is excluded from the list with 579.9 tonnes or 5.5 percent of the total reserves of the Central Bank of India.
The list of most US gold producers topped 8133.5 tonnes, accounting for 73.4 percent of the country’s total reserves.
While Germany came second with 3369.7 tons of gold or 68.8% of its reserves, followed by the International Monetary Fund (IMF), which has 2,814 tons of gold in its possession.
Italy and France ranked fourth and fifth with 2451.8 tons and 2436 tonnes respectively, accounting for 65.1% and 59.1% of their total reserves.
After the trend in Russia to buy gold, the metal accounted for about 16.9% of its reserves with a holding of 2036.2 tons, making it the sixth largest list.
China accounted for 1841.3 tons of yellow gold, or about 2.2% of its reserves.
Switzerland was in eighth position with 1040.1 tons, or 5 percent of its total reserves, about 275 tonnes below the ninth position, which Japan holds with a total of 765.2 tons of gold, accounting for 2.3 percent of reserves.
The Netherlands holds the list of adults with 612.5 tons of gold representing 65.5% of its total reserves.
Arab States’ possession of gold
Saudi Arabia, the largest Arab country, has acquired gold with 323.1 tons of gold or 7.7% of its total reserves, but also ranks No. 16 globally.
For the second place in the Arab region was for Lebanon, where gold accounts for 19.5% of its total reserves or 286.8 tons of precious metal, but it is ranked 17th in the world.
Algeria ranked third in the Arab world and ranked 24th globally with 173.6 tons of gold accounting for 7.1% of its total reserves.
The fourth, fifth and sixth places were Arab, with Libya, Iraq and Kuwait owning 116.6 tons, 89.8 tons, 79 tons of gold, or 5.3%, 6.3% and 7.6% of their total reserves, respectively.
However, Libya is ranked 23rd in the world, while Iraq and Kuwait are ranked No. 37 and 38 on the world list.
Egypt ranked seventh in the Arab world with 77.4 tons of gold or nearly 6.8% of all its reserves, but it is ranked number 40 globally.
Jordan has 43.5 tonnes of gold or 11.4 percent of its reserves, ranking eighth in the Arab world and 48 in the world.
Qatar and Syria ranked 9th and 10th place on Arab countries with 31.3 tons, 25.8 tons, 4.4% and 5.6% of their total reserves, respectively, to be ranked 55th and 56th in the world.
The UAE ranked No. 74 globally but ranked 11th with 7.5 tons of yellow metal or 0.3% of its total reserves.
Tunisia, Bahrain, Morocco, 78, 82 and 85 worldwide, and from 12 to 14 in the Arab region with 6.8 tons, 4.7 tons and 3.3 tons, respectively.
Yemen’s gold reserves stood at 1.6 tons or 1.2% of all its reserves, ranking 96th globally and the last being Arab.
Source: Live Website