Central Bank: Gold reserves reach 170 tons, with intention to remove zeros from dinar
Central Bank: Gold reserves reach 170 tons, with intention to remove zeros from dinar
2025-10-15
The Central Bank of Iraq announced, on Tuesday, October 14, 2025, its gold reserves and its intention to remove zeros from the Iraqi currency.
Deputy Governor of the Central Bank, Ammar Khalaf, said in a press statement, “The Central Bank of Iraq has increased its gold holdings from 90 tons to 170 tons at the present time.”
Khalaf added, “This amount of gold now constitutes 20% of the Central Bank’s total assets, and Iraq currently ranks fourth in the Arab world in gold holdings and 29th globally.”
The Deputy Governor of the Central Bank confirmed that “there is no intention to float the Iraqi dinar exchange rate, so as not to affect the stability of the economy at the present time.”
Khalaf revealed that “there is an intention to remove zeros from the Iraqi dinar to ease the burden of banknote hoarding on the financial sector.”
burathanews.com
