Libya ranks 4th in Africa and 6th in the Arab world in gold reserves.ABOUL GHEIT WELCOMES SECURITY COUNCIL’S “LONG OVERDUE” CEASE-FIRE RESOLUTION IN GAZA

Tripoli: Libya ranked 4th in Africa and 6th in the Arab world in terms of gold reserves in its central bank, as it possesses 116.6 tons of gold reserves. The Libyan Indicators Building Center stated that gold represents about 10.43% of the total reserves in the Central Bank of Libya (CBL). Purchases of Arab central banks amounted to 54.8 tons of gold in 2023, led by the CBL with about 30 tons, followed by the Iraqi Central Bank, which bought 12.3 tons. Globally, the US topped the list with more than 813 tons of gold reserves in the world, followed by Germany and Italy. Source: Libyan News Agency On Monday, Arab League Secretary-General Ahmed Aboul Gheit welcomed the resolution adopted by the UN Security Council calling for an immediate ceasefire in the Gaza Strip during the holy month of Ramadan. Aboul Gheit said, in his post, 'I welcome the Security Council's recent adoption of a ceasefire resolution in Gaza,' adding: 'The adoption of this resolution was long overdue, and what is now required is that it be implemented on the ground.' Source: National News Agency - Lebanon