According to data from the World Gold Council, the Central Bank of Iraq ranked seventh on the list of central banks with the most gold buyers in 2024. The volume of Iraq's purchases of gold is about 20 tons, surpassing Hungary, Uzbekistan, and Ghana, and the top six countries on the list are Poland, Turkey, India, Azerbaijan, China, and the Czech Republic.
Central banks, a major source of gold demand, bought more than a thousand tons of the metal for the third consecutive year in 2024. Poland's central bank was the biggest buyer, adding 90 tons to its reserves. As for Saudi Arabia, which has gold reserves of 323 tons by the end of 2024, according to the Council, to continue to lead the Arab countries in terms of the size of this reserve, it bought only 15.4 tons. Lebanon came second with about 287 tons, followed by Algeria with about 174 tons, Iraq with about 163 tons, Libya with about 147 tons, Egypt with about 127 tons, and Qatar with about 111 tons.
Source (Al-Arab Newspaper of London, Edited)
