Iran’s gold, currency reserves at $110 billion

TEHRAN, Feb. 27 (MNA) –The value of Iran’s gold and foreign currency reserves rose by $30 billion, hitting $110 billion in 2011. Iran ranks 22nd among 175 countries of the world in terms of the gold and foreign currency reserves. Meanwhile, Yahya Al-e Es’haq, head of Tehran Chamber of Commerce, Industries and Mines, said that Iran's gold reserve value set a new record, standing at nearly $17.5 billion. The country's gold reserve amounts to nearly 907 tons in weight, Al-e Es’haq said on February 1.