World Gold Council: More than 96 tons of Iraqi reserves for January Market

The International Gold Council announced on Wednesday that Iraq's gold reserves amounted to more than 96 tons during the month of January.

The Council said in a statistical published on its website and viewed by "Economy News", "Iraq's reserves of gold amounted to 96.3 tons during the month of January, after buying 6.5 tons during the last September of 2018," noting that "these reserves represent 6.4% of Other currencies ".

"Iraq remains the world's 37th place in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya."

The Council noted that "the world's reserves of gold rose for the month of January by 135 from the month of December to reach 33 thousand and 872 tons," noting that "the United States of America ranked first in the world in terms of reserves, which amounted to 8.133.5 tons , Followed by Germany with 3.369 tons.

The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the largest and most advanced gold mining companies in the world.

Article Credit: https://economy-news.net/
Special Thanks to Charles Bright!!