Foreign reserves are a pillar of monetary stability.
Foreign reserves are a pillar of monetary stability.
16/11/2025
Economic researcher Dr. Nabil Rahim Al-Abadi explained that foreign currency reserves have reached approximately $100 billion, which covers the issued local currency amounting to about 98.4 trillion dinars, registering a decrease of 3.8% compared to the same period last year.
The period from 2024.
Al-Abadi added in an interview with Al-Sabah that the decline in the value of the local currency contributed to a decrease in the inflation rate to 0.8%, a decrease of 76% compared to 2024, which had a significant impact on maintaining the general price level.
He added that foreign reserves at their current rate are sufficient to cover the equivalent of 18 months of imports, in addition to the fact that the precautionary reserve of gold reached about 167 tons, which ranks fourth in the Arab world and thirtyth globally according to the World Gold Council, noting that it constitutes an important part of Iraq’s foreign reserves, as it recorded a large growth rate of 55% until the first half of 2025, as its value reached about 22.8 trillion dinars compared to its value of 14.7 trillion dinars in the second half of 2024, and that the safe investments of the reserves contributed greatly to the growth of investment portfolios, accompanied by good growth rates in returns to investment portfolios.
He stressed that the growth rates achieved in foreign reserves were consistent with the Central Bank’s plan to enhance returns and build capacity in the field of self-management of reserves, which enabled the establishment of international banking relationships and the entry into agreements and memoranda of understanding with classified international banks, reputable financial institutions, international financing and consulting organizations, the Arab Monetary Fund, and international institutions concerned with investment management.
It also contributed to helping banks build international banking relationships with correspondent banks in accordance with the Central Bank’s plan to regulate foreign trade financing and implement the comprehensive banking reform program.
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