Iraq’s Central Bank plans to increase its gold reserves

The Central Bank of Iraq (CBI) announced on Tuesday it is developing a plan to increase Iraq’s gold holdings in the near future.

Member of the CBI’s media office, Alaa al-Fahd, told the state-run news agency (INA) that Iraq has the sixth largest gold reserves in the Arab world, underlining that the gold holdings are adequate and well-maintained, surpassing 160 tons.

As part of its monetary strategy, the CBI aims to expand the entire reserve portfolio by preserving its value and diversifying its assets, according to al-Fahd.

On Saturday, the World Gold Council revealed that Iraq increased its gold holdings by six tons during the third quarter of 2025.

Iraq’s gold holdings had reached approximately 171 tons, keeping the country’s worldwide standing among the top gold holders.

Central banks around the world were the key drivers of gold demand in the third quarter of 2025, expanding their purchases after a slowdown in the two previous quarters, according to the council’s latest report.

Iraq’s gold reserves represent the country’s continued efforts to diversify its foreign reserves while also improving long-term financial and monetary stability.

Source: https://www.iraqinews.com/