International classification of gold reserves in Iraq

2018/5/27 10:20

International

{International: Al Furat News} The World Gold Council revealed that gold reserves owned by Arab countries amounted to 1006 tons.
The figures showed that Saudi Arabia tops the Arab countries with a reserve of 323 tons, followed by Algeria with 174 tons.
Libya comes in third with a reserve of 117 tons.
Iraq has about 90 tons of gold, Kuwait 79 tons, followed byEgypt with a reserve of 77 tons.
The gold reserves in Jordan are estimated at 44 tons, 27 tons in Qatar and 26 tons in Syria. Morocco is ranked 10th in the Arab world with a gold reserve of 22 tons.
According to the data, the United Arab Emirates has 8 tons of gold, while the distribution of 14 tons of gold between Tunisia, Bahrain, Yemen and Oman.
America still ranks first in the world with 8133 tonnes of gold reserves.
The Council notes that the total global supply of gold increased slightly to 1063.5 tons during the first quarter of 2018, while the production of mines reached 770 tons, and the investment demand for the precious metal fell by 27% to about 287 tons.

alforatnews.com