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Tag: World Gold Council

Iraq maintains its 5th position in Arab countries with largest gold reserves

Iraq maintains its 5th position in Arab countries with largest gold reserves

The World Gold Council has announced that Iraq maintained its global position with the largest gold reserves. It represents 7% of the rest of its currencies. The Council said in a statistical published on its website. It says, “Iraq has maintained its fifth position in the Arab world, which came after each of Saudi Arabia, Lebanon, Algeria, and Libya. It indicates the last purchase of Iraq gold was in September from 2018 and by 6.5 tons”. The council also said…

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Iraqi Gold Reserves have increased significantly: World Gold Council

Iraqi Gold Reserves have increased significantly: World Gold Council

The latest report of the World Gold Council showed central banks in the world bought around 651.5 tons of gold in 2018. The report pointed out that Russia and Turkey had raised their reserves at the expense of the dollar. Some countries including Iraq, India, China, and Kazakhstan were among the top gold buyers during 2018. The data shows Iraq increased its reserves during last year by 6.45 tons and brought its total gold holdings to 96.3 tons. The report…

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Iraq Gold Purchase Reached 48 Tons During 2014

Iraq Gold Purchase Reached 48 Tons During 2014

Iraqi Dinar 123 News:– On Thursday, the World Gold Council (WGC) announced a statement that during 2014, the Central Bank of Iraq has bought 48 tons of gold. The council said in its report which was published on their website that we are increasing our country’s reserves of gold during this year by three times. The report also said that these reserves would be the powerful elements to modify and enrich from the continuous U.S dollar activity of fluctuation. In…

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