Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) revealed on Saturday that its foreign currency reserves will rise by more than $3 billion by the end of September 2025.
Official figures released by the CBI showed that the central bank’s foreign reserves reached $98.15 billion (approximately 127.6 trillion Iraqi dinars) by the end of September 2025, representing an increase of $3.51 billion compared to August, when reserves stood at $94.64 billion (around 123.03 trillion Iraqi dinars), Shafaq News reported.
The country’s foreign reserves also grew compared to July, when they hit $94.71 billion (approximately 123.12 trillion Iraqi dinars).
Iraq’s foreign reserves have declined compared to 2024, when they were $100.27 billion (equal to 130.34 trillion Iraqi dinars), and are lower than the country’s foreign reserves in 2023, when they reached $111.73 billion.
The director of the Investment Department in the CBI, Mohammed Younis, revealed earlier in June that foreign reserves surpassed $100 billion.
Iraq’s foreign reserves are managed in accordance with thoroughly planned policies based on highly secure standards and invested in safe financial products that yield appropriate returns, according to Younis.
The CBI disclosed in May that its official reserves fell by more than 11 trillion Iraqi dinars ($8.39 billion) in a single year.
Foreign reserves provide comprehensive coverage of the monetary base, as well as financial indicator, including trade and foreign obligations.
Iraq, the world’s fifth-largest oil producer, can rapidly and effectively boost its foreign exchange reserves thanks to steady international financial flows.
