|Arab and international|
Economy News _ Baghdad
The World Gold Council announced that the amount of gold reserves in the world amounted to more than 34 thousand tons, while pointing out that there are 13 Arab countries among the 100 countries to the possession of these reserves.
The Council added that “13 Arab countries out of the 100 countries listed in the international financial statistics of the global gold reserves,” noting that “Saudi Arabia comes in the forefront of the Arab countries and ranked 17th in the world and a reserve of 323 tons, followed by Lebanon, which ranks 20th in the world and a reserve of 286 Ton, followed by Algeria, which ranks 25th in the world and a reserve of 173 tons.
He added that “Libya ranked 33rd in the world with reserves of 116 tons, followed by Iraq ranked 38th in the world with a reserve of 96.3 tons, followed by Kuwait ranked 39th globally in 79 tons, followed by Egypt, which ranked 40th and 78.6 tons.” With 43.5 tons in reserve and Qatar with 53.5 tons, followed by Syria at 57 and a reserve of 35.8 tons.
He pointed out that “Tunisia ranked 81 in the world with a reserve amount of 6.8 tons, followed by Bahrain ranked 86 and a reserve of 4.7 tons, followed by Yemen at 98 and a reserve of 1.6 tons.”
The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the world’s largest and most advanced gold mining companies.