Iraq has increased its gold reserves by 10 tons to 162.7 tons, now constituting 13.6% of total reserves. This positions Iraq fourth among Arab countries and 28th globally. The WGC highlights the U.S. as the largest gold holder, followed by Germany and Italy.
Recently, Iraq has made a significant increase in its gold reserves, adding 10 tons to its holdings, thereby elevating the total to 162.7 tons, as reported by the World Gold Council (WGC). As of March, Iraq’s gold reserves constitute 13.6% of its total reserves, up from 152.7 tons the preceding month.
This enhancement in gold reserves places Iraq in the 28th position globally out of a list of 100 countries and ranks it fourth in the Arab world, following Saudi Arabia, Lebanon, and Algeria. The data underscores Iraq’s growing economic stability amid regional dynamics.
Furthermore, the WGC indicates that the United States continues to lead as the world’s top gold holder, with a staggering 8,133 tons, followed by Germany with 3,351 tons and Italy at 2,451 tons. Notably, Iceland is at the bottom of this ranking, holding merely 2 tons.
In summary, Iraq has successfully increased its gold reserves to 162.7 tons, reflecting a strategic move to enhance its financial stability. The nation ranks fourth in gold reserves among Arab countries and 28th globally, showcasing its growing prominence in the international financial landscape.
Original Source: shafaq.com
