Sandy Ingram
One of the biggest concerns about Iraq's currency regarding a revaluation is the country has overprinted the money.
Iraq's efforts to reduce the circulation of the IQD is excellent news.
The Central Bank of Iraq's gold reserves rose sharply in the first quarter of 2025. A statement from the CBI said gold reserves reached IQD 21.2 trillion, which is about $16.2 billion, an increase of 19%...held in the previous quarter.
It added that gold reserves remains a vital component of Iraq's foreign reserves...The gold reserves do not include the over $100 billion in foreign reserves held in Iraq's accounts in the United States.
