Poor Arab country shares its members with the highest gold reserves in the Arab world

The World Gold Council released its monthly report for the list of the 100 countries with the most gold in their reserve holdings, and Saudi Arabia has overtaken Arab countries with precious metal reserves.

According to the report, Saudi Arabia has 323.1 tons of gold, followed by Lebanon with reserves of 286.8 tons, and then Algeria, which has reserves of 173.6 tons.

This arrangement is for the largest Arab countries that own gold, but what about the ranking of Arab countries in terms of the per capita share of the country’s gold reserves?

After calculating the per capita share of gold reserves, it appears that the Lebanese citizen is ahead of his peers in Arab countries on this indicator, because the Lebanese share is 1.35 ounces of gold (the weight of one ounce gold = 31.10 grams).

While Qatari citizen’s share is 0.64 ounce, while Kuwaiti citizen’s share is 0.60 ounce, while Saudi citizen’s share is 0.30 ounce.

Here is the ranking of Arab countries in terms of gold reserves per capita in the country:

Source: RT

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