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Al-Marsad Journal: The World Gold Reserve Council’s report for the month of March, released by the United States of America worldwide, revealed the ranking of Arab countries in terms of the size of gold reserves. According to “Al Arabiya.net”
First and second place
Saudi Arabia maintained the top Arab position in terms of volume of gold reserves, reaching 323.1 tons, and constituting only 4.1% of its total asset reserves, ranking 18th in the world.
Lebanon comes in second in the Arab world, just two places behind Saudi Arabia in the world rankings, with reserves of 286.8 tonnes of gold, but it accounts for around 40% of its gold reserves. ‘assets.
Third and fourth place
And in third place, Algeria came with 173.6 tons of gold, or 18% of reserves.
While Libya kept fourth place with a reserve of 116.6 tons and ranked 33rd in the world, gold accounted for around 8.3% of the Libyan Central Bank’s total reserves of foreign assets.
The rest of the Arab countries
With less than 100 tons of gold, the rest of the Arab countries came, with Iraq ranking fifth in the Arab world and 38 in the world, with reserves of 96.4 tons, while Egypt came to the sixth place with reserves of 80.2 tons, which accounted for 10% and 12.4% of the asset reserves of the two countries, respectively.
While Kuwait ranked seventh in the Arab rankings with reserves of 79 tonnes, while the United Arab Emirates ranked eighth in the Arab world with 57.6 tonnes, which accounted for only 3.2% of foreign exchange reserves, followed Qatar with 56.7 tons, then Jordan with 43.5 tons, devouring Syria and Morocco Tunisia, Bahrain and finally Yemen, with 1.6 tons of gold reserves, ranks 100th in the world .
The first place in the world
The United States held the world’s largest gold reserves with 8,133.5 tonnes, or 78.6% of the US Federal Reserve’s foreign assets.
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