CBI Reports Major Increase in Iraq’s Gold Reserves

The Central Bank of Iraq (CBI) reported that the value of its gold reserves increased in the third quarter of 2025, rising to 27,552 billion Iraqi dinars (~US$21.0 billion), up from 16,817 billion Iraqi dinars (~US$12.8 billion) in the same quarter of 2024.

This represents an increase of 64 percent. The bank noted that gold constitutes a significant portion of the country's foreign reserves, is highly liquid, and supports the national currency by providing a hedge against inflation.