The Central Bank of Iraq announced that its gold reserves have increased by 45.1%.
The bank revealed that its gold reserves grew from 12.29 trillion dinars in the fourth quarter of 2023 to 17.83 trillion dinars in the same period of 2024, marking a 45.1% rise. This increase is attributed to both the growth in the amount of gold held and the rise in gold prices.
The bank further emphasized that this growth in reserves brings significant benefits, strengthening economic and financial stability, providing protection against risks, and serving as a crucial tool for intervening in the foreign exchange market.