A new ranking of the largest Arab countries in terms of gold reserves

The World Gold Council released its report for the month of March, which includes the ranking of countries in the world in terms of gold reserves. The United States topped the list, while Saudi Arabia topped the Arab world.

In its latest report, the council said the holdings of central banks in the countries around the world listed in the report amounted to 35,244.5 tonnes. Over the past year, countries’ possession of the precious metal has increased in light of the Corona crisis.

According to the report, Saudi Arabia dominated Arab countries with gold reserves and ranked 18th in the world in this ranking, and the Kingdom owns 323.1 tons, and gold constitutes 4.1% of its total international reserves.

After Saudi Arabia in the ranking of Arab countries, Lebanon arrived with reserves of 286.8 tons (20th in the world), then Algeria with 173.6 tons (26th in the world) and Libya with reserves. of 116.6 tonnes (33rd in the world). .

As for Iraq, it ranked fifth in the Arab world and 38th in the world, with reserves of 96.4 tonnes, while Egypt ranked sixth with yellow resonance reserves standing at 80.2 tons.

Kuwait ranked seventh in the Arab rankings with reserves of 79 tonnes, followed by the United Arab Emirates with reserves of 57.6 tonnes, followed by Qatar (56.7 tonnes) and Jordan (43.5 tonnes) ).

Globally, the United States tops the list with reserves of 8,133.5 tonnes, followed by Germany (3,362.4 tonnes), followed by Italy (2,451.8 tonnes) and from France (2,436.2 tonnes), while Russia ranks fifth with reserves of 2,295.4 tonnes.

Source: RT

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