The Central Bank of Iraq confirmed strong financial health this week. In a clear statement, Iraq confirms liquidity in both Iraqi dinars and US dollars. The bank revealed that its reserves now exceed $100 billion, marking a significant economic milestone.
Mohammed Younis, Director General of the Investments Department at the Central Bank, made the announcement. He stressed that Iraq faces no shortages in liquidity. Cash flow remains stable in both local and foreign currencies.
In addition to high cash reserves, Iraq also holds over 163 tons of gold. This large reserve adds to Iraq’s financial strength and international trust. It gives Iraq more stability in case of market changes or emergencies.
Younis explained that the Central Bank is not focused on profit-making. Instead, it manages Iraq’s foreign currency assets with long-term stability in mind. The main goal of these reserves is to support the nation’s economy, not to chase high returns.
He further clarified that the bank follows strict investment policies. These policies prioritize safety and avoid risky assets. Iraq invests its foreign reserves in secure instruments with steady but low returns. This strategy ensures that funds remain safe and available when needed.
This announcement shows how Iraq confirms liquidity while securing solid economic footing. The strong cash and gold holdings prove that Iraq can meet financial challenges. It also reflects the government’s cautious and disciplined management approach.
Moreover, these reserves give Iraq more room to handle future financial pressures. With stable liquidity, Iraq can invest in public services, infrastructure, and economic reforms. It can also support the private sector and respond quickly to currency fluctuations or inflation.
The Central Bank’s statement reassures both citizens and investors. It shows that Iraq continues to build a safer and more sustainable financial system. These reserves, built with care and caution, serve as a safety net for the country’s future.