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96.3 tons of Iraqi gold possession


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96.3 tons of Iraqi gold possession

Monday 09 November 2020 39

96.3 tons of Iraqi gold possession

 
 Baghdad: Morning 
 
 
The World Gold Council announced that Iraq's possession of gold represents 8.5 percent of the rest of its other currencies.
In November, the Council published a table for the world's most recent gold holdings, stating that "Iraq has 96.3 tons of gold, which represents 8.5 percent of the rest of its other hard currencies," indicating that "this percentage decreased compared to other currencies from the previous month, which was 8.8 percent." ".
He added, "The last purchase of gold for Iraq was in 2018, which amounted to 6,450 tons," indicating that "Iraq still maintains the fifth place in the Arab world and the 38th globally among the 100 countries listed in the table."
The council noted that "the countries’ total holdings of gold amounted to 35.106 thousand tons. America is at the forefront of these countries in the world with the most precious metal, followed by Germany, and Italy comes third. "
It is noteworthy that the World Gold Council, which is based in the United Kingdom, 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.
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