The Central Bank of Iraq (CBI) has reported a 45.1% increase in its gold reserves in the 4th quarter of 2024 compared to the same period in 2023. Gold reserves increased from IQD 12.29 trillion in Q4 2023 to IQD 17.83 trillion which is around $13.6 billion in Q4 of 2024. This was due to both and increase in gold holdings and a rise in gold prices.
