Gold, the precious metal par excellence, has been a symbol of wealth and power for millennia. In the Arab world, some nations are notable for their significant gold reserves, reflecting their economic position and regional influence. Focus on the three gold mining powers of the region.
1. Saudi Arabia: 323 tonnes
Unsurprisingly, Saudi Arabia rises to the top of the ranking of Arab countries holding the largest gold reserves. With an impressive stock of 323 tonnes, the Saudi kingdom asserts its economic dominance within the Arab world. This colossal reserve testifies to the financial stability of the country, reinforced by its vast oil reserves, making gold a strategic complement in its monetary policy.
2. Lebanon: 286 tonnes
Lebanon, despite the economic and political challenges it faces, also stands out for its significant gold reserves. With a stock of 286 tonnes, the Land of Cedar displays remarkable resilience in a tumultuous regional context. This substantial reserve constitutes a valuable asset in the management of its economic stability, providing a certain insurance against currency fluctuations.
3. Algeria: 173.5 tonnes
Algeria, in full economic expansion, also occupies a prominent place among gold holders in the Arab world. With 173.5 tonnes, the Maghreb country demonstrates its ambition to consolidate its regional and international position. As it profiles itself as Africa’s second economic power, Algeria is asserting its presence on the world stage, with gold reserves constituting a pillar of its stable and diversified monetary policy.
The strategic role of gold reserves
Beyond their symbolic aspect, gold reserves are of strategic importance for nations that hold significant quantities of them. Unlike traditional currencies prone to fluctuations and speculation, gold remains a safe asset, preserving the value of national reserves even in times of economic uncertainty. Thus, for the countries of the Arab world, these reserves represent a guarantee of stability and financial sovereignty in a volatile international context.
 – La Nouvelle Tribune){kind=link}