Iraq’s gold reserves rise to 171 tons

The World Gold Council confirmed on Thursday that Iraq’s gold holdings had reached approximately 171 tons, keeping the country’s worldwide standing among the top gold holders.

According to the council’s latest figures, Iraq did not acquire any gold during the first seven months of 2025, yet it still ranked 29th out of 100 countries in terms of gold holdings, Shafaq News reported.

Iraq’s gold holdings reached 170.9 tons, accounting for 21.6 percent of its total foreign reserves. In terms of gold reserves, Iraq ranks fourth among Arab countries, trailing only Saudi Arabia, Lebanon, and Algeria.

With 8,133 tons, the United States leads the list of countries with the greatest gold reserves worldwide, followed by Germany with 3,350 tons and Italy with 2,451 tons.

The World Gold Council, which has offices in India, China, Singapore, the United Arab Emirates, and the United States in addition to its headquarters in London, seeks to leverage market expansion to sustain and raise demand for gold.

In response to growing economic and geopolitical threats, central banks worldwide are increasing their holdings of bullion.

Iraq’s gold holdings reflect the country’s ongoing efforts to diversify its foreign reserves and improve long-term financial and monetary stability.

Gold has historically been a shelter for investors, particularly during uncertain geopolitical and economic times.

Source: https://www.iraqinews.com/