The World Gold Council affirmed that Iraq finished last year without buying gold, indicating that it has maintained its global ranking.
The council said in a statistic published on its website during the month of January, that “Iraq did not buy any amount of gold during the year 2019,” noting that “the last purchase for it was in 2018, by which it bought 6.5 tons to add it to its reserves of 96.3 tons.”
The council added that “Iraq still maintains its fifth Arab position, which came after Saudi Arabia, Lebanon, Algeria and Libya, and on the 38th position globally out of 100 countries included in the international financial statistics for the global reserves of gold.”
The council noted that “the United States of America is still in the first place with the largest reserves of gold in the world, as these reserves reached 8.133.5 tons, followed by Germany with 3,366 tons, while Yemen occupied the last position with 1.6 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 that cause the market change and its members consist of the largest and most advanced gold mining companies in the world.
tasrebat.com
