By Sami Zaptia.
London, 19 July 2020:
Libya was ranked 33rd in the world in terms of the countries with the most gold reserves, with 116.6 tonnes, according to latest data from the World Gold Council (WGC).
The WGC’s annual July data release put the United States of America continued on top with 8,133 tons of mineral reserves, which accounted for 78% of total reserves, followed by Germany with a reserve of 3,363 tons, and the IMF with 2,814 tons.
Saudi Arabia, which has 323.1 tonnes, and Lebanon with 286.8 tonnes, came first and second respectively amongst Arab states.
The World Gold Council is a global organization specializing in the gold market that is concerned in all the economic aspects of gold, including mining and investment. It seeks to stimulate and support worldwide demand for gold.