Iraq maintains 37th place in the world and fifth in the Arab world with the highest gold reserves

BAGHDAD - Iraq maintained its
37th position in the world's fifth largest gold reserves in December despite buying 6.5 tons in September, the World Gold Council said on Saturday.

"Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, and the fifth place in the Arab countries, which came after Saudi Arabia, Lebanon, Algeria and Libya," the council said in a statement.

"Iraq bought 6.5 tons of gold in September to raise its reserves to 96.3 tons of gold after it was 89.8 tons, but it maintained its rank 37 globally, noting that these reserves represent 6.4% of the rest of the other currencies."

"The United States ranked first in the world in terms of reserves of 8.133.5 tons, followed by Germany with 3.369 tons, while Laos ranked last with 0.9 tons of gold."