CBI: Iraq’s Reserves Surpass $100 Billion and 160 Tonnes of Gold

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The Central Bank of Iraq logo.

The Central Bank of Iraq has affirmed that liquidity is fully available, while also noting that its reserves have surpassed $100 billion.

Muhammad Younis, Director General of the Investment Department at the Central Bank, told the official Iraqi News Agency: “Liquidity is fully available, both in Iraqi dinars and US dollars, with no shortage whatsoever.”

He highlighted that “the Central Bank’s reserves have exceeded $100 billion, in addition to Iraq’s substantial gold holdings, which now stand at over 163 tonnes.”

Younis further clarified: “The Central Bank is not an investment institution; its role is to manage Iraq’s foreign currency reserves.” He also explained that “the purpose of these reserves is not to generate profits, but to secure reasonable returns.”

He added that “the reserves are managed in accordance with carefully considered policies, prioritising high safety standards, and are invested in secure financial instruments that yield acceptable returns.” Younis highlighted that “Iraq is on a sound economic trajectory.”



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