Iraq Business

Iraq strengthens its reserves of gold and revealed its quantity

2019/2/19 10:47

Iraq strengthens its reserves of gold and revealed its quantity{International: Euphrates News} World Gold Council data revealed that Iraq Iraq has strengthened its reserve of gold.
The World Gold Council’s latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar.
Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
He pointed out that the reserves of Iraq reached the end of the third quarter of 2018 about 96.3 tons, which allowed him to progress on Arab economies rich in precious metal reserves.
The geopolitical and trade tensions coupled with Washington’s sanctions policy have shaken confidence in the US dollar in recent years, prompting a number of global central banks to increase their purchases of gold.