Media ININ Economy We Trust
September 22
The World Gold Council’s report for the month of September showed that the gold reserves of the Arab countries amounted to 1,515.1 tons, while the gold reserves of the countries of the world combined reached 35,664.5 tons.
According to the World Gold Council report, which shows the amount of gold owned by central banks, 5 Arab countries account for the lion’s share (about 69%) of the total Arab countries’ reserves of the yellow metal.
The countries are: Saudi Arabia (323.1 tons), Lebanon (286.8 tons), Algeria (173.6 tons), Iraq (132.6 tons), Egypt (125.9 tons).
Libya ranked 36th in the world with a total of 116.6 tons, followed by Qatar, which ranked 41st in the world with a total of 96.5 tons, Kuwait ranked 44th in the world with a total of 97 tons, the UAE ranked 46th in the world with a total of 74.3 tons, and Jordan ranked 52nd in the world with a total of 43.5 tons.
The United States (8133.5 tons) topped the world in gold reserves, followed in second place by Germany (3352.6 tons), then Italy (2451.8 tons), then France (2436.9 tons), followed by Russia with reserves amounting to 2329.6 tons.
