Lebanon’s gold reserves increased by $1 billion, going from $24.7 billion in mid-January to $25.7 billion by the end of the month, according to the latest Central Bank report.

At the end of 2019, Lebanon’s gold reserves were valued at $15 billion, making the recent increase of $1 billion a 71% rise over the past six years.

 

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Lebanon currently holds 286 tons of gold, with around 40% stored in the U.S., making it the second-largest reserve in the region after Saudi Arabia, which has 323.1 tons.