The value of Iran’s gold and foreign currency reserves rose by $30 billion, hitting $110 billion in 2011, Fars news agency reported yesterday.

 

Iran ranks 22nd among 175 countries of the world in terms of the gold and foreign currency reserves, the report added.

 

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.