Gold bar in Kazakhstan. Reuters
money and business
Economy News – Baghdad
The World Gold Council announced, on Wednesday, that the United States of America ranked first and Iraq in the 38th place as the world’s largest reserves of the precious yellow metal.
The council said in its schedule for the month of March, that the central banks’ possession of the 100 countries listed in the table amounted to 35,244 thousand tons,
adding that the United States of America ranked first as the largest gold reserves it possessed with an amount of 8,133 thousand tons, followed by Germany with an amount of 3,362 thousand tons, and then comes a fund. International currency by 2.814 thousand tons, and Italy comes fourth with 2,451 thousand tons, while Yemen comes to the top with 1.6 tons, followed by Haiti by 1.8 tons.
He continued, “Iraq still maintains the 38th position in the world and the fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 10% of the rest of the other reserves,” noting that “the last purchase of gold by Iraq was in September 2020, with an amount of 0.1 tons.” .
He pointed out that “the most prominent buyers of gold during this month are Uzbekistan, by 8.1 tons and Kazakhstan, by 2.8 tons, while the main sellers were Turkey, with an amount of 17.2 tons, and Russia, by 3.1 tons.”