Iraq’s dollar reserves exceed $100 billion

Iraq’s dollar reserves exceed $100 billion

2025/02/02

Iraqs dollar reserves exceed 100 billionEconomic expert, Basem Jamil Antoine, revealed Iraq’s dollar reserves.
Antoine told {Euphrates News} that: “The Iraqi gold reserve is good and it is preferable for the reserve to be larger than it is now and commensurate with the size of Iraq’s dollar reserve, which currently amounts to more than 100 billion dollars.”
He explained that “these assets must be converted into production in the economic and private sectors to create job opportunities for the unemployed and reduce poverty rates,” stressing “the need for local reliance in production and not resorting to imports.”
Antoine pointed out “the importance of converting surplus cash liquidity into a productive sector that is capable of protecting the country and providing food security in all sectors.”
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed via {Euphrates News} Iraq’s gold reserves, which are estimated at about 152 tons.
Salih explained that its approximate value in the country’s foreign investment portfolio is about 14 billion dollars, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions between other foreign currencies.

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