Iraq is ranked 37th in the world's largest reserves of gold Baltmoz

Iraq was ranked 37th in the world's gold reserves this July, the World Gold Council said on Saturday.

"The world's reserves of gold fell for the month of July by 79 tons from the month of June to reach 33 thousand and 734 tons," the Council said in a statistic published on its website and viewed by "Iraq News", noting that "the United States of America ranked first in the world of With reserves of 8.133.5 tons, followed by Germany with 3.371 tons.

The council added that "Iraq ranked 37th in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya."

The Council said that "Iraq's reserves of gold remained stable, recording 89.8 tons, representing 7.7% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."