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The State of Qatar managed to reach a record in one month by increasing its gold holdings in August.
According to the World Gold Council's September report, Qatar reportedly increased its gold holdings during the month from 31.3 tons to 39.1 tons, or bought 7.8 tons, or about 250,000 ounces of gold , according to the newspaper "Vision" UAE.
Thus, Qatar has risen to the 56th rank of countries in the world in terms of gold reserves, but its rank among the Arab countries has not changed, since it still occupies the ninth place in Arab countries.
Gold reserves are part of international reserves. Qatar's gold reserves account for 4.6% of its total international reserves, which include foreign cash, withdrawal rights and highly liquid assets.
Saudi Arabia tops the list of Arab countries with gold reserves (323.1 tons), followed by Lebanon (286.8 tons) and Algeria (173.6 tons). tons).
According to the World Gold Council report, worldwide gold holdings increased 330 tons in August from 34076 tons to 34407 tons.
The countries of the world are increasing their gold reserves, a safe haven, including Russia and China.
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