The rise in Iraqi gold reserves: ranked 30th in the world and fourth in the Arab world

Shafaq News / The Central Bank of Iraq announced today, Monday, that Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranking thirty in the world and fourth in the Arab world.

In a statement received by Shafak News Agency, the bank’s media office confirmed, “The purchase of new quantities of gold amounting to approximately (34) tons, an increase of 35% over what was in its possession,” noting that “this increase came within the framework of the Central Bank’s strategy to manage its assets, including It achieves the highest levels of stability and ability to face local and international economic changes.

Gold is one of the most important assets held by central banks and international financial institutions, and a safe haven in conditions of uncertainty, due to its acceptance at the international level.

Shafaq.com