Almaalomah

The central bank reveals the amount of cash and gold reserves currently in Iraq

Revealed the Central Bank of Iraq, Thursday, total printed from the Iraqi currency in the whole country, which is estimated at 40 trillion dinars, noting that Iraq has reserves of foreign currency and gold is estimated at more than $ 60 billion.

“Iraq has plans and strategies that it is working on periodically to make adjustments to the currency and pull out the damaged from public markets and replace it with a new one,” said Central Bank spokesman Bassem Abdulhadi.

He added that “the total Iraqi currency printed in the public market, banks and coffers of the bank up to 40 trillion Iraqi dinars,” noting that “there is no intention at the present time to issue any new category and existing categories that cover the need of local Iraq.”

He said that “the total reserves of the Bank of foreign currency and gold is estimated at more than 60 billion dollars,” noting that “this figure is variable and depends on Iraqi oil exports to decline and rise.” Source