Baghdad: Iraq has dropped one place in the ranking of countries with the largest gold reserves in the world.

According to National Iraqi News Agency, the World Gold Council stated in a table that “Iraq ranked 29th out of 100 countries listed in the table, down from 28th globally, and fourth in the Arab world after Saudi Arabia, Lebanon, and Algeria.”

It added that “Iraq’s gold holdings amounted to 162.7 tons, representing 12.9% of its total other reserves.” This shift highlights the dynamic nature of global gold reserves and Iraq’s position in the broader economic landscape.

The table indicated that “the United States of America tops the list of the world’s largest gold holders, followed by Germany, then Italy, while Iceland and Tobago ranked last.” This information underscores the significant concentration of gold reserves among leading economies, with Iraq maintaining a notable position within its regional context.