Economy News – Baghdad
The World Gold Council has revealed that Iraq holds the top position among countries globally in gold retention.
According to the latest report published by the Council in February, Iraq has achieved a ranking of 28 out of 100 countries assessed, moving up from 31st place globally. This positions Iraq as the fourth largest holder of gold in the Arab world, following Saudi Arabia, Lebanon, and Algeria.
The data indicates that Iraq has increased its gold holdings to 162.7 tons, which accounts for 12.7% of the country’s total reserves.
The Council notes that the United States remains the largest gold holder worldwide, with a substantial 8,133 tons. This is followed by Germany with 3,351 tons and Italy with 2,452 tons. Trinidad and Tobago completes the list with 1.9 tons.
It is important to highlight that the World Gold Council, headquartered in the United Kingdom, possesses extensive expertise in the market dynamics influencing gold value, with its membership comprised of some of the foremost gold mining enterprises globally.
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