Iraq has touted it's gold reserves in recent articles at 30 tons. 30 tons sounds like a lot of money, and it's certainly nothing to ignore. However, compared to other nations, it's simply a drop in the bucket. The CBI indicates that they have approximately $76 billion in currency on reserves, which is great. The gold equals out to about 1.4 billion dollars, which is obviously just a fraction of their reserves overall. I am not even sure why it's mentioned in the articles, as it doesn't seem to be very significant. http://demonocracy.info/infographics/world/gold/gold.html
http://en.wikipedia.org/wiki/Gold_reserve