Iraq’s gold reserves decreased to sell quantities of it locally
The World Gold Council announced on Sunday a decrease in Iraq’s gold reserves by 100 kilograms.
According to observers, Iraq’s shortage of gold reserves of 100 kilograms is due to its use locally and sale in the form of gold bars.
According to the latest table published by the Council in April, Iraq decreased its gold possession by 100 kilograms of gold to reach 162.6 tons after being 162.7 tons last month, representing 14.5% of the rest of its other reserves.
The Council added that Iraq maintained the 28th rank on the list out of 100 countries included in the table, indicating that Iraq came fourth in the Arab world after Saudi Arabia, Lebanon and Algeria.
The Council also pointed out that the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world with 8,133 thousand tons, followed by Germany 3,351 thousand tons, and then Italy came 2.451 thousand tons, while Iceland has two belly.
The World Gold Council is based in the United Kingdom, and has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.
https://alforatnews.iq/news/انخفاض-احتياطيات-العراق-من-الذهب-لبيع-كميات-منه-محلياً
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