IRAQ’S GOLD RESERVES REACHED THEIR HIGHEST HISTORICAL VALUE… AND WARNINGS WERE ISSUED AGAINST USING THEM TO COVER THE FINANCIAL DEFICIT
In economic observatory announced that Iraq’s gold reserves have reached historic levels, amounting to approximately $23 billion and 64 million, warning against using them to solve the country’s financial deficit crisis.
The Eco Iraq Observatory said in a press statement on Saturday, December 20, 2025, that Iraq bought about 8.2 tons of gold during 2025, which raised its total reserves to 170.9 tons, indicating that “this increase was distributed as follows: one ton in March, 1.6 tons in June, 3.1 tons in July, and 2.5 tons in August.”
The observatory explained that “Iraq’s total reserves of 170.9 tons are currently equivalent to $23 billion and 64 million, which is the highest level that the value of gold reserves has reached in the history of Iraq.”
The Economic Observatory attributed the large increase in the value of the reserve to “the rise in global gold prices, and not to the size of the quantities purchased during 2025, which constituted 64% since the beginning of this year.”
“Eco Iraq” warned against any “manipulation” of the gold reserves to cover the financial deficit that Iraq is suffering from, “whether by selling part of it or subjecting it to high-risk investments,” stressing that it is “a sovereign asset allocated for financial stability and not for achieving immediate revenues.”