Iraq has increased its gold reserves by 10 tons to a total of 162.7 tons, now representing 13.6% of total reserves. This positions Iraq 28th globally and fourth in the Arab world. The United States remains the largest holder of gold worldwide with 8,133 tons.
Iraq has significantly increased its gold reserves, adding 10 tons, which elevates its total to 162.7 tons, as reported by the World Gold Council (WGC). This adjustment positions gold holdings to represent 13.6% of Iraq’s overall reserves, as per the Council’s latest data from March.
This increase has advanced Iraq’s global ranking to 28th among 100 countries, while it holds the fourth position in the Arab world, trailing only Saudi Arabia, Lebanon, and Algeria. The WGC’s data highlights that the United States maintains its status as the world’s largest gold holder with 8,133 tons, followed by Germany and Italy with 3,351 tons and 2,451 tons respectively. Iceland rounds out the list with a mere 2 tons.
In conclusion, Iraq’s recent increase in gold reserves marks a significant step in enhancing its financial stability, positioning the nation fourth among Arab countries in gold holdings. This strategic move not only reflects Iraq’s growing economic security but also underscores the larger dynamics of global gold reserves, showcasing the dominance of countries like the United States and Germany. Overall, the rise in gold reserves is a positive indicator for Iraq’s future economic prospects.
Original Source: shafaq.com
