Iraq gold reserves have reached their highest level in years, reflecting the country’s growing financial confidence and economic strength. On Saturday, the Prime Minister’s Advisor for Financial Affairs, Mazhar Saleh, confirmed that Iraq’s gold holdings climbed to nearly 163 tons.
Moreover, Saleh explained that this level marks a clear rise from the 152.6 tons recorded in October 2024. He emphasized that the growing reserves underline Iraq’s financial stability and its ability to attract long-term foreign investment. The increase, he noted, supports Iraq’s economic infrastructure and strengthens its credibility in global markets.
In early September, the World Gold Council reported that Iraq’s gold reserves remained stable. However, the latest national data reveals a significant rise compared to earlier months. According to the council’s latest ranking, Iraq now holds the 29th position globally for the largest gold reserves.
In addition, Iraq maintains the fourth-highest gold holdings among Arab countries, following Saudi Arabia, Lebanon, and Algeria. The nation’s total reserves represent around 16.9 percent of its foreign assets, showing a well-balanced monetary structure.
The global context also plays an important role. Around the world, central banks are increasing their gold holdings in response to economic uncertainty and geopolitical risk. Consequently, Iraq’s strategy aligns with international financial trends aimed at securing national wealth.
According to the Central Bank of Iraq, gold reserves grew by 45.1 percent in the fourth quarter of 2024 compared to the same period in 2023. This sharp increase highlights Iraq’s determination to strengthen its economic foundation and reduce reliance on currency fluctuations.
Furthermore, analysts say that Iraq’s rising bullion stockpiles demonstrate effective fiscal planning and sound reserve management. The government continues to diversify its foreign assets, ensuring a safer position in times of global instability.
Ultimately, Iraq gold reserves reflect more than wealth—they represent a symbol of national resilience. With consistent policies, transparent banking practices, and rising investor confidence, Iraq gold reserves will continue to reinforce the country’s long-term financial stability.
