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Central Bank: Iraq is the first in the world to buy gold in 2022
Thursday, 4 August 2022 10:51 AM
National News Center/ Baghdad
The Central Bank of Iraq has become the latest bank to add a significant amount of gold to its gold reserves this year.
And the Iraqi Bank bought 34 tons of gold, and
this is the first increase in gold reserves by the Central Bank of Iraq since it purchased 7 tons in 2018, where
the Bank of Iraq now owns 130 tons of gold.
Uzbekistan continued to buy gold by purchasing another 8.7 tons and added nearly 9 tons of gold to its reserves in each of the past three months.
Gold reserves represent just over 60% of Uzbekistan's total reserves.
Turkey has also been adding gold to its reserves constantly, and the Turkish Bank last month added 7.7 tons of gold to its holdings.
Turkey's central bank added 37 tons of gold to its holdings in the first quarter of this year alone.
It now owns more than 455 tons of gold, which is approximately 30% of its reserve assets.
Central Bank: Iraq is the first in the world to buy gold in 2022
Thursday, 4 August 2022 10:51 AM
National News Center/ Baghdad
The Central Bank of Iraq has become the latest bank to add a significant amount of gold to its gold reserves this year.
And the Iraqi Bank bought 34 tons of gold, and
this is the first increase in gold reserves by the Central Bank of Iraq since it purchased 7 tons in 2018, where
the Bank of Iraq now owns 130 tons of gold.
Uzbekistan continued to buy gold by purchasing another 8.7 tons and added nearly 9 tons of gold to its reserves in each of the past three months.
Gold reserves represent just over 60% of Uzbekistan's total reserves.
Turkey has also been adding gold to its reserves constantly, and the Turkish Bank last month added 7.7 tons of gold to its holdings.
Turkey's central bank added 37 tons of gold to its holdings in the first quarter of this year alone.
It now owns more than 455 tons of gold, which is approximately 30% of its reserve assets.
