Iraq sells 100 kilos of gold and falls one rank in the world's reserves
Shafaq News/ The World Gold Council announced, on Sunday, that Iraq sold 100 kilos of gold to fall one rank among the world's gold reserves, indicating that Japan bought the largest amount of gold during the first quarter of this year.
The council said in its latest schedule for August 2021, which was seen by Shafak News Agency; Iraq has sold 100 kilos of gold to become its possession of 96.3 tons, after it was 96.4 tons, which represents 9.1% of the rest of its other reserves.
He added, "Iraq has not bought gold since September of 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018."
He explained that "Iraq fell one rank to become 39th globally out of 100 countries listed in the table with the largest gold reserves in the world," noting that "Brazil managed to purchase 41 tons during the past month, to raise its rank from 42 to 32 globally."
He pointed out that "the largest increases for the first quarter of the current year 2021 for the purchase of the yellow metal came from Japan, which bought 80.76 tons of gold, followed by Hungary, which bought 62.98 tons, and Uzbekistan third, which bought 23.33 tons, then India came fourth, which bought 18.67 tons, and Kazakhstan came fifth. Which bought 7.99 tons, noting that the best selling countries for gold in the first quarter of this year was Turkey, with an amount of 31.60 tons, followed by the Philippines, with an amount of 24.73 tons, and then the UAE, with an amount of 3.43 tons, followed by Russia with 3.11 tons, and finally, Jordan came with 3.05 tons.
He pointed out that "the United States of America still ranks first in the world's largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Yemen was at the bottom with 1.6 tons, preceded by Haiti by 1.8 tons."
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
Iraq is the fifth in the Arab world with gold reserves and the 38th in the world
Shafaq News / The World Gold Council announced today, Sunday, that five Arab countries, including Iraq, possess 1,000 tons of gold in reserves with hard currency.
In its latest schedule for the month of December, which was seen by Shafaq News Agency, the council said, "Five countries, including Iraq, possess 996.4 tons of gold as reserves with their hard currency," indicating that "Iraq came fifth out of these countries and ranked 38 globally out of 100 listed countries. By the table. "
He added, "The first of these Arab countries with the most gold came in Saudi Arabia, with an amount of 323.1 tons, followed by Lebanon, with a value of 286.8 tons, and Algeria came in third place in the Arab world with a value of 173.6 tons, and then Libya came fourth with a value of 116.6 tons, and Iraq came fifth with a value of 96.3 tons."
He pointed out that "the United States of America is still ranked first in the table with the most possessing countries in the world with 8,133 tons, followed by Germany second with 3,362 tons, then Italy third with 2,451 tons, and then France came fourth with 2,436 tons, and fifth came Russia with an amount 2.298 tons. "
The council pointed out that "the quantities of gold purchases increased by 25 tons, bringing the countries total holdings of gold to 35,171 tons. Five central banks were almost completely responsible for this purchase, namely Uzbekistan (8 tons), Turkey (7 tons), the United Arab Emirates (6 tons) and Qatar." (2 tons) and India (2 tons). "
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.