After Saudi Arabia, Lebanon ranks second in the Arab world in this area

Lebanon ranks second among the Arab countries with the largest gold reserves, just after Saudi Arabia, where data showed that the World Gold Council had 286.8 tonnes of gold in the month. August, representing 0.84% ​​of total reserves. the states of the world.

According to data reported by the network "Russia Today", the Arab countries together have 1292.9 tons of gold, or 3.79% of the total reserves of the countries of the world.

Saudi Arabia topped the list with 323.1 tonnes of gold, compared to 1292.9 tonnes, which corresponds to the Arab countries combined, representing 3.79% of the world's reserves. The data revealed that global precious metal reserves in August amounted to 34,076 thousand tons, of which 55.8% in the euro area.

Algeria comes in third, with reserves at 173.6 tons and 0.50% of world reserves, followed by Libya with reserves of 116.6 tons, which represents 0.34% of world reserves. , then by Iraq with 96.3 tons, about 0.28% of the reserves Universal.

The following is a chart showing the evolution of the price of gold in cash transactions for nearly a year: