Baghdad: The Central Bank of Iraq announced an increase in its gold reserves by 45.1 percent in the last quarter of 2024 compared to the same period in 2023.
According to Qatar News Agency, the bank stated that its gold reserves rose from 12.29 trillion Iraqi dinars in the fourth quarter of 2023 to 17.83 trillion dinars for the same period in 2024, due to an increase in both the quantity and price of gold.
The statement emphasized that the rise in gold reserves brings several benefits, including economic and financial stability and protection against risks, as gold serves as an important tool for intervention in the foreign exchange market.