IRAQ HAS MAINTAINED ITS 30TH RANK IN THE WORLD WITH THE LARGEST RESERVE OF THE YELLOW METAL.
Shafaq News / The World Gold Council announced on Sunday that Iraq has maintained its 30th rank in the world with the largest reserve of the yellow metal.
The latest table of the Council, especially this January, seen by Shafaq News, showed that Iraq maintained its ranking of 30th globally out of 100 countries listed in the table with the largest gold reserves, with its gold hold hold to 132.7 tons, representing 7.7% of the rest of its other reserves.
The table shows that Iraq came in fourth in Arab place after Saudi Arabia, which came first in the Arab with the largest gold reserves, reaching 323.1 tons, followed by Lebanon with 286.8 tons, followed by Algeria with 173.6 tons.
He pointed out that the United States of America is on the throne of the rest of the countries with the largest gold possession in the world at 8.133.5 thousand tons, followed by Germany 3.352.6 thousand tons, and then Italy came 2.451.8 thousand tons, while Bosnia and Herzegovina ranked 99th with 1.5 thousand tons, followed by Suriname with the same amount of 1.5 thousand tons.
The Council stated that on June 27, 2022, Iraq announced the purchase of new quantities of gold by approximately (34) tons, with an increase of 35% over what it had in possession, while it was announced in May that it had purchased 2.3 tons of gold.
(Why all the gold all of sudden? We can clearly see Iraq is backing the dinar with gold. To what percentage currently is still unknown, if not 100% over time. Yet the dinar is still at 1/6 of a penny? )
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