Iraq maintains its ranking globally in gold reserves

Editing date: 10/1/2021 11:09 • 80 read times


The World Gold Council revealed, on Sunday, the increase in the possession of the central banks of countries of gold, as well as the governorate of Iraq on its global rank.

According to the table it published for the month of January, the council said, “Iraq has maintained the 38th position in the world and fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 8.4 percent of the rest of the other reserves.”

The World Council indicated, “The possession of gold by central banks of countries increased by 20 tons to reach 35.191 thousand tons compared to last December.”

He added, “The most prominent country that bought gold is Uzbekistan, where it added 8.4 tons to its gold reserves, amounting to 324 tons, while Qatar bought 3.1 tons, bringing its reserves to 56.7 tons, and India bought 2.8 tons, bringing its reserves to 672.9 tons, and then Kazakhstan bought 1.7 tons and Ukraine bought 0.6 tons. Tons “,

And the World Gold Council, which is based in the British capital, London, stated that “the increase was compensated for by more than the total sales in Turkey after the increase in domestic demand, which led to a decrease in its reserves, and that Mongolia reduced its gold reserves by 2.4 tons.”

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