Iraq has increased its gold reserves by 10 tons to 162.7 tons, now making up 13.6% of its total reserves. This enhancement ranks Iraq 28th globally and fourth among Arab countries, while the U.S. remains the top gold holder worldwide according to the World Gold Council.
Iraq has enhanced its gold reserves by an addition of 10 tons, thereby increasing its total holdings to 162.7 tons, as reported by the World Gold Council (WGC). This increase, noted in the council’s latest data for March, marks a rise from the previous total of 152.7 tons and represents 13.6% of Iraq’s total reserves.
With this increase, Iraq now ranks 28th globally among the 100 countries listed and stands fourth among Arab nations, trailing only Saudi Arabia, Lebanon, and Algeria. The data from the WGC further highlights that the United States continues to hold the most gold in the world, with 8,133 tons, followed by Germany and Italy, which hold 3,351 tons and 2,451 tons respectively. Meanwhile, Iceland is noted to have the least at just 2 tons.
In summary, Iraq’s recent boost in gold reserves to 162.7 tons positions the nation as a significant player in the Arab world, securing the fourth spot among its peers. This update from the World Gold Council underscores Iraq’s growing financial stability and the importance of gold as a part of its reserve assets. With the U.S. as the leading gold holder globally, Iraq’s standing reflects both regional and global economic dynamics.
Original Source: shafaq.com
