Iraq raises its gold holdings to more than 148 tons

The World Gold Council announced on Thursday that Iraq has increased its gold holdings to more than 148 tons.

According to the latest report published by the Council in August 2024, which Shafak News Agency reviewed, Iraq advanced one rank to reach 29th place globally out of 100 countries listed in the table, after it was ranked 30th.

The report indicated that Iraq ranks third in the Arab world after Saudi Arabia and Lebanon.

The report indicated that Iraq increased its gold holdings to 148.3 tons, after it was 145.7 tons, which represents 10.02% of its total other reserves.

The Council also indicated that the United States tops the list of countries with the largest gold reserves in the world, with 8,133.5 tons, followed by Germany with 3,351.5 tons, then Italy with 2,814 tons, while Suriname came at the bottom of the list with 1.2 tons.

The World Gold Council, headquartered in the United Kingdom, has extensive experience in analyzing market changes and includes the world’s largest gold mining companies as members.

Shafaq.com