IRAQ RISES TO THIRD PLACE IN THE ARAB WORLD IN GOLD RESERVES AFTER LEBANON LEAVES THE LIST
The World Gold Council announced on Monday that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.
According to the latest report published by the Council in December 2024, which Shafak News Agency reviewed, Iraq’s gold holdings rose to 152.7 tons, up from 152.5 tons last month.
These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.
The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.
The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world.
(Still at 1/6 of a penny?)
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