World reserves of gold rose and Iraq maintains 37th place globally


The World Gold Council announced on Wednesday the rise in the world’s gold reserves during the month of December, pointing out that Iraq has maintained the world’s 37th position of global reserves.
“The world’s reserves of gold rose for the month of December by 133 tons from last November to reach 33 thousand and 604 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.
“Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world’s gold reserves, while Iraq also maintained the fifth rank in the Arab world, after it came after Saudi Arabia, Lebanon, Algeria and Libya.”
The Council noted that “Iraq’s gold reserves remained stable, recording 89.8 tons, representing 7.9% 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 between 50 g and 1000 g for sale to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.

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