[ad_1]
Some Arab and Gulf countries managed to increase their gold reserves by the end of last April to about 1331.1 tons, led by Saudi Arabia, whose total yellow metal reserves reached 323.1 tons, or 3 , 4% of the total state reserves.
It is estimated that the central banks of 100 countries around the world owned 34.89 thousand tons of gold at the end of April, according to official data released by the World Gold Council.
The United States continues to dominate the top spot in the world with their possession of approximately 8133.5 tons of gold, which makes up 79.1% of all reserves in the country, while Germany comes second with the possession of 3364 6 tons of gold, which represent about 75% of all reserves contained in it, while the IMF comes in third place, in light of its reserves, estimated at 2814 tons.
Most of the holdings of the Arab countries in the yellow metal did not change during the month of April this year, compared to the figures for the month of March, with the exception of the United Arab Emirates, which rose to 10th place in the Arab countries, and of Egypt, which increased its possession and ranked sixth in the Arab world.
The site “Amwal Al Ghad” monitored the top 10 Arab countries that have gold reserves and their percentage of the total reserves of these countries.
Gold reserves in Arab countries
Saudi Arabia came first among Arab countries in possession of gold, with the value of gold in its reserves at 323.1 tons, or 3.4% of total state reserves.
Lebanon came in second with 286.8 tons of gold, which makes up 30% of its total reserves.
And in third place is Algeria, which owns 173.6 tons of gold, equal to 13.9% of its total international reserves.
Libya came in fourth with around 116.6 tons of gold, which makes up 7.5% of its reserves.
Gold reserves in Iraq reached 96.3 tons, which make up 7.6% of state reserves, ranking fifth among Arab countries.
Egypt bought 0.1 tons of gold, increasing its yellow metal reserves by 0.13% in April, as it held the 40th position in the world in April, but increased its holding to 79.5 tons later. having owned a volume of 79.4 tons in March, representing 11% of its gold reserves and ranking sixth among Arab countries.
And in seventh place among the Arab countries is Kuwait, which owns 79 tons of the yellow metal, which constitutes 9.7% of its reserves.
Jordan was ranked eighth among the ten countries, with 43.5 tons of gold in its reserves, which make up 15.5%.
Qatar’s possession of the yellow metal has reached 42.2 tons, ranking ninth among the Arab countries, which makes up 5.8% of its reserves.
The possession of the yellow metal by the United Arab Emirates amounted to 31.3 tons, which represents 1.6% of all reserves contained in it at the end of April.
[ad_2]
Source link
