Iraq Advances in Global Gold Reserves Ranking
The World Gold Council has recently released its latest report, indicating that Iraq has improved its position in the global ranking of countries holding gold.
According to the council’s updated figures published in February, Iraq now occupies the 28th position out of 100 countries surveyed, up from the 31st rank previously. This places Iraq fourth among Arab nations, following Saudi Arabia, Lebanon, and Algeria.
As of now, Iraq has increased its gold reserves to 162.7 tons, which constitutes 12.7% of its total foreign reserves.
In terms of global standings, the United States remains the leading holder of gold, with a substantial 8,133 tons. Germany and Italy follow with 3,351 tons and 2,452 tons, respectively. Trinidad and Tobago appears on the list with 1.9 tons.
The World Gold Council, headquartered in the United Kingdom, is recognized for its extensive expertise regarding market dynamics, comprising members from some of the world’s largest and most advanced gold mining companies.
This shift in Iraq’s gold reserves underscores its growing role within the Arab and global financial landscape, reflecting a strategic approach to asset management in an evolving economic environment.
