The World Gold Council announced on Sunday the rise in the world’s gold reserves in October, noting that Iraq has maintained the fifth rank of Arab world reserves.
“The world’s reserves of gold rose for the month of October by 80 tons from September to 33 thousand and 471 tons, while the United States ranked first in the world in terms of these reserves, which amounted to 8.133.5, Followed by Germany with 3.373 tons.
The Council added that “Iraq has maintained the fifth rank in the Arab countries in terms of these reserves, where he came after Saudi Arabia, Lebanon, Algeria and Libya,” noting that “Iraq has maintained 37th place globally out of the 100 countries listed in international financial statistics of the global reserves of gold during the month of April of Current year 2017 “.
The Council noted that “Iraq’s gold reserves remained stable, recording 89.8 tons, representing 8.3% of the rest of the other currencies,” noting that “the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons.”
On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging from 50 grams to 1000 grams to be sold to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.