Iraq Business

Revealed Iraq’s reserves of gold last month

2019/1/9 13:11

Revealed Iraqs reserves of gold last month{International: Euphrates News} The World Gold Council, on Wednesday, the Iraqi reserve of gold during the month of January.
“Iraq’s reserves of gold reached 96.3 tons during the month of January, after buying 6.5 tons during the last September of 2018,” the council said in a statistical report published on its website, noting that “these reserves represent 6.4% of the rest of the other currencies.”
He added that Iraq still maintains 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya.
The Council noted that “the world’s reserves of gold rose for the month of January by 135 from the month of December to reach 33 thousand and 872 tons,” noting that “the United States of America ranked first in the world in terms of reserves, which amounted to 8.133.5 tons , Followed by Germany with 3.369 tons.
The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the world’s largest and most advanced gold mining companies.

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