The World Gold Council said Thursday that the world’s reserves of gold rose in April, and that Iraq remained the 37th in the world and fifth in the Arab world reserves.
“The world’s reserves of gold rose for the month of April by 54 tons from the month of March to reach 33 thousand and 827 tons,” the Council said in a statistical publication on its website, followed by the Iraqi Economic Center that “the United States still ranks first in the world in terms of these Reserves amounted to 8.133.5 tons, followed by Germany with 3.373 tons.
The Council added that “Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place 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, which represents 7.8% 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.