Iraq increases gold reserves to163 tons
Sun Oct 05 2025
The Prime Minister’s Advisor for Financial Affairs, Mazhar Saleh, revealed on Saturday that Iraq’s gold holdings have climbed to around 163 tons.
In a statement to Rudaw News, Saleh explained that the country’s gold reserves have climbed dramatically to 163 tons compared to 152.6 tons in October 2024.
The increase in these assets demonstrates Iraq’s strong financial and economic stability, according to Salih, who added that Baghdad’s significant reserves attract international investment and provide a long-term economic infrastructure for the country.
The World Gold Council announced in early September that Iraq’s gold reserves had remained stable.
According to the council’s most recent assessments, Iraq has made no gold purchases since the beginning of 2025. The council highlighted that it remained in 29th place internationally with the highest gold reserves.
Iraq’s gold holdings amounted to 162.7 tons, or 16.9 percent of its total foreign reserves.
Furthermore, following Saudi Arabia, Lebanon, and Algeria, Iraq kept its fourth rank among Arab countries.
In response to growing economic and geopolitical threats, central banks worldwide are increasing their holdings of bullion.
The country’s gold reserves increased by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023, according to data released earlier in March by the Central Bank of Iraq (CBI).
Iraq’s gold holdings show the country’s continued efforts to diversify its foreign reserves while also improving long-term financial and monetary stability.
Source: https://www.iraqinews.com/