Baghdad, September 24, 2025 – Iraq’s central bank has achieved a historic milestone by significantly increasing its gold holdings, reaching unprecedented levels. Analysts confirm that this rise in Iraqi gold reserves strengthens the national currency and provides a buffer against global market shifts.
The Future of Iraq Foundation for Economic Studies and Consulting reported on Wednesday that the central bank now holds over 24 trillion Iraqi dinars, roughly $16.4 billion, in gold. This marks the highest level since the bank’s establishment. Manar Al-Obaidi, head of the foundation, explained that the bank has steadily prioritized gold accumulation.
Over the past year alone, Iraqi gold reserves rose by 13.3%, and compared to 2022, they surged by 135%. Gold now accounts for 20% of the central bank’s total reserves, which reach 123 trillion dinars, approximately $84.2 billion. Analysts emphasize that this proportion represents a historic first, as the bank never previously allocated more than one-fifth of its reserves to gold.
Al-Obaidi highlighted that the previous record for gold holdings stood at 20 trillion dinars, around $13.7 billion. Achieving this new level signals a shift in the bank’s strategy toward strengthening financial stability. By prioritizing gold, Iraq can better protect the dinar from fluctuations in international currencies.
Financial experts believe that increasing Iraqi gold reserves enhances investor confidence. They argue that these reserves act as a safeguard, ensuring that Iraq can withstand global economic uncertainties. The move also aligns with broader efforts to modernize the central bank’s reserve management.
Observers note that other nations often rely on gold to reinforce currency stability. Iraq’s decision mirrors these international practices while addressing unique domestic challenges. By expanding gold holdings, the central bank demonstrates a proactive approach to national financial security.
Looking ahead, analysts expect Iraq to continue increasing its reserves strategically. They point out that maintaining a high level of gold ensures long-term economic resilience. The central bank’s efforts also support broader fiscal policies aimed at sustainable growth.
In conclusion, the rise in Iraqi gold reserves marks a historic achievement. It reinforces the value of the dinar, safeguards national wealth, and positions Iraq strategically in a volatile global economy.
