Iraq's foreign exchange reserves decline
Baghdad (IraqiNews.com) – The Central Bank of Iraq (CBI) revealed on Tuesday that the country's foreign exchange reserves declined in May 2025.
Official data released by the CBI indicated that the country's reserves of foreign exchange reached 126 trillion Iraqi dinars ($96.9 billion) on May 31 compared to 127.32 trillion Iraqi dinars ($97.94 billion) on May 1, Shafaq News reported.
Iraq's foreign exchange reserves declined from 127.51 trillion Iraqi dinars ($98.089 billion) in April.
The country's foreign exchange reserves amounted to 130.34 trillion Iraqi dinars ($100.27 billion) in 2024, down from 145.25 trillion Iraqi dinars ($111.73 billion) in 2023.
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 last month 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 indicators including trade and foreign obligations.
Iraq, the world's fifth-largest oil producer, can quickly and effectively increase its foreign exchange reserves due to consistent international financial flows.
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Iraq's foreign exchange reserves decline
Baghdad ( – The Central Bank of Iraq (CBI) revealed on Tuesday that the country's foreign exchange reserves declined in May 2025. Official data released by the CBI indicated that the country's reserves of foreign exchange reached 126 trillion Iraqi dinars ($96.9 billion) on May 31 compared to 127.32 trillion Iraqi dinars ($97.94 billion) on May 1, Shafaq News reported. Iraq's foreign exchange reserves declined from 127.51 trillion Iraqi dinars ($98.089 billion) in April. The country's foreign exchange reserves amounted to 130.34 trillion Iraqi dinars ($100.27 billion) in 2024, down from 145.25 trillion Iraqi dinars ($111.73 billion) in 2023. 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 last month 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 indicators including trade and foreign obligations. Iraq, the world's fifth-largest oil producer, can quickly and effectively increase its foreign exchange reserves due to consistent international financial flows.
