World Gold Council: Iraq's reserves rose to 7.7% compared to the foreign currency

Business & Finance

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World Gold Council, revealed Wednesday, a rise of Iraq's reserves of gold, compared to 7.7% of foreign currency Baanaatyate Other, pointing out that Iraq is still ranked 37 of these countries.

The council said in its website by Statistics his last for the month of December 2016 and seen by "Economy News" that "Iraq's reserves of gold remained stable and did not change, reaching 89.8 tons," noting that "this amount represents 7.7% of its reserves of foreign currency, after that they represent 7.1% during the month of October. "

The council said that "Iraq did not buy gold since the last buy him in April 2014 in which 15.16 tonnes bought," noting that "Iraq was ranked 37 and V Arabs among the 100 state, which has reserves of gold, which has been included in the central bank's report global reserves. "

The statistics showed that "the world's gold reserves amounted to 33,181 tons, while the United States ranked first globally in terms of these reserves, which amounted to 8.133.5, followed by Germany with 3.377 tons."

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