Wed. PM TNT News Articles from Iraq 11-1-23




Iraq is among the largest Arab countries in gold reserves.. international statistics during 2023

A recent report by the World Gold Council stated that the world’s central banks maintained a high pace of gold purchases in the third quarter of this year, in light of geopolitical tensions.

The report indicated that central banks witnessed the third strongest quarterly quarter of net purchases of the yellow metal in the third quarter of 2023, with an amount amounting to 337 tons, but it was less than the record number for the third quarter of 2022. The council said in its quarterly report, that despite the increase in central bank purchases On an annual basis, it declined by 27 percent in the third quarter.

Global demand for all sectors in the third quarter of 2023 recorded a decline of 6% to 1,147 tons, compared to 1,219 tons in the third quarter of the previous year 2022. While the total supply of gold increased by 6% on an annual basis in the third quarter of 2023, with an increase in mine production. to a standard level.

The top 5 countries with gold reserves
1. United States – 3352.6 tons
2. Germany– 3352.6 tons3
3. Italy– 2451.8 tons
4. France– 2436.9 tons
5. Russia– 2332.7 tons.

The 5 largest Arab countries possess reserves of the precious metal
1. Saudi Arabia – 323.1 tons
2. Lebanon– 286.8 tons3
3. Algeria– 173.6 tons
4. Iraq– 132.7 tons
5. Egypt– 125.9 tons





Source: Dinar Recaps


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