The World Gold Council publishes a report on global reserves
Baghdad – Last January, the World Gold Council published its report on the reserves of central banks in the world of gold, and the data showed that the reserves amounted to 35571.3 tons of the metal.
According to the data, total reserves increased by 11 tons in the January 2022 report, compared to December 2021.
The United States leads the world in precious metal reserves, with 8,133.5 tons, followed by Germany (3,359.1 tons), then Italy (2451.8 tons), France (2436.4 tons), and then Russia (2298.5 tons).
Gold is a safe haven, especially in times of crisis, as many people tend to buy it to hedge against inflation risks, and in the past years, the prices of the precious metal have risen in light of the Corona virus crisis and its consequences.
As for the Arab world, Saudi Arabia leads the Arab countries in gold reserves, as the Kingdom owns 323.1 tons of the precious metal, while Iraq ranked fifth, according to the first report of the World Gold Council this year.
The following is a table showing the ranking of Arab countries in gold reserves based on the World Gold Council report for the month of January 2022:
