Iraq Ranks 28th Globally in Gold Reserves
Iraq has achieved a commendable position in the global gold reserves landscape, securing the 28th spot worldwide. This ranking underscores the nation’s strategic approach to building its asset portfolio, particularly in the precious metals sector.
Gold Reserve Statistics
As of the latest data, Iraq holds approximately 96.3 tons of gold. This significant quantity highlights the country’s intention to bolster its financial reserves amidst ongoing economic diversification efforts.
Comparative Overview
The following table presents a comparative overview of Iraq’s gold reserves related to other countries:
| Rank | Country | Gold Reserves (in tons) |
|---|---|---|
| 27 | Netherlands | 612.5 |
| 28 | Iraq | 96.3 |
| 29 | Portugal | 46.2 |
| 30 | Vietnam | 30.8 |
Economic Implications
This robust reserve of gold is poised to enhance Iraq’s economic stability, offering a buffer against inflationary pressures and currency fluctuations. Gold, serving as a traditional store of value, is particularly vital for the Iraqi economy, which has been navigating complex geopolitical and economic challenges.
Statements from Leadership
Prime Minister Mohammed Shia Sudani has reiterated the government’s commitment to utilizing substantial gold reserves to strengthen the nation’s fiscal policies and promote economic growth. This commitment aligns with broader initiatives aimed at revitalizing and modernizing Iraq’s financial infrastructure.
In conclusion, Iraq’s position as the 28th largest holder of gold reserves is more than a statistic; it represents a proactive strategy in enhancing the nation’s economic security and resilience in the global market.
