AM:10:05:15/10/2025
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The Central Bank of Iraq (CBI) announced that its gold reserves have risen to 170 tons and confirmed plans to remove zeros from the Iraqi dinar as part of efforts to strengthen the national currency and ease cash handling.
A CBI official told Iraqi media on Wednesday that the bank’s gold reserves have increased from 90 tons to 170 tons, now representing 20 percent of the bank’s total assets.
He explained that the removal of zeros from the dinar is aimed at reducing the burden of large cash volumes on the financial sector and improving the efficiency of monetary transactions.
Iraq currently ranks fourth among Arab countries and 29th globally in terms of gold reserves.