Iraq ranked 37th among 100 countries in gold reserves
Representational file photo
(IraqiNews.com) Baghdad – World Gold Council revealed on Saturday, that Iraq’s reserves of gold amounted to 89.8 tons, emphasizing that it represents 4.6 percent of Iraq’s reserves of foreign currency.
World Gold Council said in statistics published for the month of January 2016, and followed by IraqiNews.com “Iraq’s reserves of gold remained stable and did not change, reaching 89.8 tons,” noting that, “This amount represents 4.6% of its reserves of foreign currency.”
The council added, “Iraq did not buy gold since April 2014, in which it bought 15.16 tons,” indicating that, “Iraq is ranked the 37th among 100 countries, which has reserves, according to Global Central Bank for Reserves.”
The Central Bank of Iraq announced on Thursday (April 3, 2014), that Iraq’s gold reserves reached 90 tons to support the value of the Iraqi dinar, noting that it contributes to the strengthening of the national economy.