Iraq among the top five Arab nations in gold reserves
Sat Jan 11 2025
The World Gold Council announced that central banks in five Arab countries collectively hold over 1,000 tons of gold, placing Iraq among the top five nations in the region for gold reserves. The report, published in 2025, provides a comprehensive overview of global gold reserves across 100 countries.
Arab nations’ gold reserves: Iraq’s position
According to the report, the central banks of the top five Arab countries hold a combined total of 1,082 tons of gold. Iraq ranks fourth on this list with 152.7 tons, solidifying its position as a key player in the region.
Top Five Arab Countries in Gold Reserves:
Global context: Leading nations in gold reserves
While Arab nations account for significant regional holdings, the United States remains the global leader in gold reserves with an unparalleled 8,133.5 tons. Other leading countries include:
At the other end of the spectrum, Haiti ranks last among the listed nations, with just 1.8 tons of gold reserves.
Total global gold reserves:
The World Gold Council reports that total global gold reserves amount to 36,165 tons, with 10,770 tons held by countries in the Eurozone.
The significance of Iraq’s gold reserves
Iraq’s substantial gold holdings reflect its central bank’s strategy to bolster financial stability and diversify its foreign exchange reserves. Gold remains a trusted hedge against currency fluctuations and economic uncertainties, making it a crucial asset in Iraq’s monetary policy.
Key implications:
World Gold Council: A trusted authority
The World Gold Council, based in the United Kingdom, provides valuable insights into global gold markets. Comprised of the world’s leading gold mining companies, the council is renowned for its expertise in tracking trends and influencing gold-related policies.
Conclusion
Iraq’s ranking as the fourth-largest gold reserve holder among Arab nations, with 152.7 tons, highlights its strategic approach to ensuring economic resilience. As part of a broader regional trend, Iraq’s investment in gold reflects its commitment to stability and diversification in a volatile global economy.
With gold continuing to play a pivotal role in global financial systems, Iraq’s reserves position it as a key player both regionally and internationally.
Source: https://www.iraqinews.com/