Iraq among the five major Arab countries in gold reserves, 12 JAN

 Iraq among the five major Arab countries in gold reserves

Economy News _ Baghdad

The World Gold Council announced on Saturday that central banks in five Arab countries have gold reserves exceeding one thousand tons out of 100 countries included in the table of the largest gold reserves in the world.

According to the latest schedule published by the Council in 2025, and seen by “Economy News”, “central banks in the top five Arab countries have gold reserves of up to 1,082 tons.”

The council explained that “Saudi Arabia leads the Arab countries with the largest reserves of gold, where it has 323.1 tons, followed by Lebanon with 286.8 tons, then Algeria in third place with 173.6 tons, and Iraq in fourth place with 152.7 tons, while Libya came fifth with 146.7 tons. ”

The Council Pointed Out That “The United States Of America Leads The World With The Largest Gold Possession, With 8,133.5 Tons, Followed By Germany With 3,351.5 Tons, Then Italy With 2,451 Tons, While Haiti Attook The List With 1.8 Tons.”

The Council also explained that “the total gold reserves in the world are 36,165 tons, of which 10,770 tons represent the reserves of the euro area.”

The World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors affecting the gold market, and its members consist of the world’s largest and most advanced gold mining companies.