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Reuters
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The World Gold Council released a recent report on gold reserves held by countries around the world, indicating that world central bank reserves of the precious metal exceeded the level of 35,000 tonnes.
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The World Gold Council report, released in August, included 98 countries, including 16 Arab countries. The report indicates that it is about the reserves held by the central banks of the precious metal.
According to the council’s report, the reserves of the listed countries reached the level of 35,544.3 tons, of which 1385.2 tons are the total reserves of the 16 Arab countries.
This means that the share of reserves of listed Arab countries is 3.89% of total reserves. The report pointed out that Saudi Arabia leads Arab countries in gold reserves, with 323.1 tonnes, followed by Lebanon, with reserves estimated at 287 tonnes, then Algeria, which has 173. , 6 tons.
When it comes to the world ranking, the report shows that the United States leads the way with reserves of 8133.5 tonnes, followed by Germany (3,359.1 tonnes), followed by France (2,436.3 tonnes). .
Russia was fifth in the world, with precious metal reserves estimated at 2,292.2 tons, it should be mentioned that Russia preceded China in gold reserves, where the latter holds 1948.3 tons, and is ranks sixth in the world according to this indicator.
Source: RT
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