Iraq has increased its gold reserves by 10 tons, totaling 162.7 tons, according to the World Gold Council. This amount comprises 13.6% of its total reserves, ranking Iraq 28th in the world and 4th in the Arab region, behind Saudi Arabia, Lebanon, and Algeria.
The World Gold Council (WGC) reported on Wednesday that Iraq has bolstered its gold reserves by an additional 10 tons, elevating its total to 162.7 tons. This increase signifies an escalation from 152.7 tons, now representing 13.6% of Iraq’s overall reserves.
With this enhancement, Iraq has secured the 28th position in global rankings among 100 nations and stands fourth within the Arab region, trailing only Saudi Arabia, Lebanon, and Algeria. Notably, the global hierarchy of gold reserves is led by the United States, which holds 8,133 tons, followed by Germany with 3,351 tons and Italy at 2,451 tons. In contrast, Iceland holds the minimum with merely 2 tons.
In summary, Iraq’s strategic increase in gold reserves to 162.7 tons marks a significant enhancement in its financial standing, placing the nation fourth among Arab countries and 28th globally. The current global gold reserve landscape highlights Iraq’s potential growth in economic stability and wealth.
Original Source: shafaq.com
