Sun. AM KTFA News Articles 2-6-22

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Samson » February 6th, 2022

Iraq advances in gold reserves in the world

6th February, 2022

On Sunday, the World Gold Council announced that Iraq has advanced one rank among the world’s most precious metal reserves

According to the latest table published by the Council in February 2022 and seen by “Economy News”, “Iraq advanced one rank to reach the 38th place out of the 100 countries listed in the table with the largest gold reserves after a decline in the order of Libya within the table,” noting that “Iraq ranked fourth.” Arab countries, after Saudi Arabia, Algeria and Lebanon

And he added, “Iraq kept its gold holdings unchanged, bringing its gold holdings to 96.4 tons, which represents 8.8% of the rest of its other reserves

The council also stated that “the global official reserves of gold increased by 14.2 tons, as Turkey bought an amount of gold by 10.1 tons, Uzbekistan added 8.4 tons, Kyrgyzstan added 1.1 tons, the Czech Republic added 0.4 tons, and Ukraine 0.3 tons, while some countries sold gold, namely Kazakhstan.” -4.8 tons, Sri Lanka -3.6 tons, Poland -1.6 tons

She pointed out that “the United States still ranks among the countries with the largest gold possession in the world, with 8.133 tons, followed by Germany, 3.359 tons, then Italy, 2,451 tons, while El Salvador ranked 100, with 1.4 tons, preceded by Suriname, with 1.5 tons

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom and has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world   LINK

Source: Dinar Recaps

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