An Iraqi observatory warns the government against any manipulation of gold reserves to cover the deficit.
An Iraqi observatory warns the government against any manipulation of gold reserves to cover the deficit.
2025-12-20
The Eco Iraq Observatory announced on Saturday that Iraq’s gold reserves are valued at approximately $23 billion and 64 million, warning against using them to solve the country’s financial deficit crisis.
The observatory said in a statement that “Iraq bought about 8.2 tons of gold during 2025, which raised its total reserves to 170.9 tons,” indicating that “this increase was distributed as follows: one ton in March, 1.6 tons in June, 3.1 tons in July, and 2.5 tons in August.”
He explained that “Iraq’s total reserves of 170.9 tons are currently equivalent to $23 billion and 64 million, which is the highest level that the value of gold reserves has reached in the history of Iraq.”
The observatory attributed the large increase in the value of the reserve to “the rise in global gold prices, and not to the size of the quantities purchased during 2025, which constituted 64% since the beginning of this year.”
He warned against “any manipulation of the gold reserve to cover the deficit, whether by selling part of it or subjecting it to high-risk investments,” stressing that it is “a sovereign asset allocated for financial stability and not for generating immediate revenues.”
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