The World Gold Council issued its report for the month of March, which includes the ranking of countries in the world in terms of gold reserves. The United States topped the list, while Saudi Arabia came at the top of the Arab countries.

In its latest report, the council said that the possession of central banks of the countries of the world listed in the report amounted to 35,244.5 tons. Last year, countries' possession of the precious metal increased in light of the Corona crisis.

According to the report, Saudi Arabia topped the Arab countries with gold reserves, and ranked 18th in the world in this classification, and the Kingdom owns 323.1 tons, and gold constitutes 4.1% of its total international reserves.

After Saudi Arabia in the ranking of the Arab countries, Lebanon came with reserves of 286.8 tons (ranked 20th in the world), then Algeria with 173.6 tons (ranked 26th globally), and Libya with reserves of 116.6 tons (33rd in the world).

As for Iraq, it ranked fifth in the Arab world and 38 in the world, with reserves of 96.4 tons, while Egypt ranked sixth with reserves of yellow resonant amounting to 80.2 tons.

Kuwait ranked seventh in the Arab ranking with reserves of 79 tons, followed by the UAE with reserves of 57.6 tons, followed by Qatar (56.7 tons) and Jordan (43.5 tons).

Globally, the United States topped the list with reserves of 8,133.5 tons, then Germany (3362.4 tons), followed by Italy (2,451.8 tons), and France (2,436.2 tons), while Russia ranked fifth with reserves of 2,295.4 tons.