World Gold Council announced that world reserves of gold rose month April, noting that Iraq maintained the Fifth Arab world reserves.
The Council said statistics published on their website that the world's gold reserves rose for the month of April rose 70 tons a month last March hitting 33 1, 329 tons, while the United States ranked first globally in terms of these reserves which amounted to 8.133.5 tonnes, followed by Germany with 3.377 tons.
The Council added that Iraq, which came in ranked fifth Arab keep ranked 37 out of 100 State listed in international financial statistics of world gold reserves during the month of April in the year 2017.
The Council noted that Iraq's reserves of gold stays constant with 89.8 tons representing 7.9 from other currencies, "adding that" Iraq's latest purchase of gold was in the month of April 2014 so I buy a 15.16 tons".
The CBI had decided on 23 January 2014 minted a variety of alloys from solid gold weights ranging between [50 GR and 1000 gr] gold dealers to sell to investors and interested segments of society in Iraqi dinars.