Lebanon holds the 2nd-largest gold reserve in the Arab world, with 286.83 tons. ©Shutterstock
In the ranking of Arab countries with the largest gold reserves, Lebanon ranks second, just behind Saudi Arabia. According to data from the World Gold Council (WGC), the Saudi kingdom holds 323.07 tonnes of the precious metal, while Lebanon possesses 286.83 tonnes, surpassing Algeria, which comes in third with 173.56 tonnes.
This ranking may come as a surprise, especially for a country grappling with a severe economic and monetary crisis since 2019. Yet, the land of the Cedars holds the 19th position globally, with a gold reserve estimated to be worth around $16.4 billion in 2024. It is worth noting that nearly 40% of this gold is stored abroad, mainly in the United States, in the vaults of the Federal Reserve.
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