Gold reserves: Algeria
The World Gold Council (WOC) has unveiled the ranking of countries in terms of gold reserves at the global level. So where in the world is Algeria? Are you curious and want to know more? That's good, the Algeria 360 team gives you more details on this subject in the !following lines so stay tuned
First of all, it will be recalled that a gold reserve is a quantity of gold safeguarded by a central bank or a financial institution. This is in order to secure a transaction, a credit agreement or to constitute a guarantee fund. According to the revelations of the report unveiled by the CMO, Algeria is in 3rd place at the Arab level, with 173.6 tons of gold .
Saudi Arabia which has a reserve of 323.1 tons and Lebanon which has a stock of 286.8 tons. It should be noted in the same wake that Libya took with a share of around 116.6 tonnes. Knowing that Iraq by holding 96.4 tons of this precious material.
Iraq was followed successively by Egypt, Kuwait, the Emirates and Qatar. Then, Jordan, Syria, Morocco, Bahrain and Yemen in last position.
Gold reserves: Algeria ranked 26th in the world
According to the same document, it will be specified that Algeria ranked 26th in the world . In fact, the country that holds the largest stock of gold in the world is the United States with a gold reserve of 8133.5 tons. In fact, this quantity is the equivalent of 78.1% of the total stock. As a result, the United States was ahead of Germany (3359.1 tons) and Italy with (2451.8 tons) which dominated the two remaining places on the podium.
Moreover, by possessing a gold stock of 2436.4 tonnes, France was ranked 4th in the world in the said ranking. Followed by Russia, China, Switzerland and Japan. As a reminder, the last positions go to India and Holland.
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