Iraq's gold reserves rise to more than 17 trillion dinars
The Central Bank of Iraq announced, on Sunday, that it recorded a growth in its gold reserves by 45.1% in the fourth quarter of 2024 compared to the same quarter of the previous year.
The bank stated in a statement today that its gold reserves "increased from 12.29 trillion dinars in the fourth quarter of 2023 to 17.83 trillion dinars for the same quarter in 2024 as a result of the increase in the quantity of gold and gold prices.
The statement added, "This has many benefits, as it enhances economic and financial stability, protects against risks, and is considered an important tool for intervening in the foreign exchange market." link
