Iraq increases its gold reserves by 100 kilograms

Tue May 06 2025

The World Gold Council revealed on Tuesday that Iraq’s gold reserves increased by 100 kilograms. According to the most recent assessments, Iraq’s current gold holdings reached 162.7 tons, up from 162.6 tons in April, representing 16.1 percent of its total reserves, Shafaq News reported.

In the list of 100 countries having the largest gold reserves, Iraq maintained its 28th rank. Additionally, following Saudi Arabia, Lebanon, and Algeria, Iraq kept its fourth rank among Arab countries.

With 8,133 tons, the United States leads the list of countries with the greatest gold reserves worldwide, followed by Germany with 3,351 tons, then Italy with 2,451 tons, while Iceland came in last with barely two tons.

The 100-kilogram shortage in Iraq’s gold reserves was a result of the country’s internal use and sales of gold bullion. In response to growing economic and geopolitical threats, central banks worldwide are increasing their holdings of bullion.

The country’s gold reserves increased by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023, according to data released earlier in March by the Central Bank of Iraq (CBI). The World Gold Council, which has offices in India, China, Singapore, the United Arab Emirates, and the United States in addition to its headquarters in London, seeks to leverage market expansion to sustain and raise demand for gold.

Sourc e: https://www.iraqinews.com/