Episode Description
An economic expert revealed that Iraq's gold reserves have reached record levels, link to My FX Buddies Blogunprecedented for the Central Bank, in a clear indication of the country's strengthening financial strength.Record growth in reservesEconomic expert Munir al-Obaidi said in a post on his social media page on Wednesday, September 24, 2025, that the Central Bank of Iraq's gold reserves exceeded 24 trillion dinars, a 13.3% annual increase and a 135% increase compared to 2022.He added that gold reserves accounted for 20% of the total reserves, which amounted to 123 trillion Iraqi dinars. He noted that this figure represents a record high since the establishment of the Central Bank of Iraq, as gold reserves had previously not exceeded 20 trillion dinars, and its contribution to total reserves had never reached 20% before.Support My FX Buddies:https://cash.app/$tishwash.... https://paypal.me/tishwash....Get a FREE transcript at:https://rss.com/podcasts/myfxbuddies...The impact of gold on the Iraqi economyAl-Obaidi explained that reaching this level of gold reserves enhances the strength and value of the Iraqi dinar, especially in light of the global fluctuations witnessed by various currencies, including the dollar.He pointed out that the Central Bank of Iraq is keen to increase the percentage of gold reserves because it represents a factor of safety and financial stability in the face of international economic fluctuations, and enhances the ability to confront any potential financial crises.ConclusionThe rise in Iraq's gold reserves to record levels is a significant financial achievement that reflects the Central Bank's prudent reserve management policies, enhances confidence in the Iraqi dinar, and provides additional protection for the national economy from global market fluctuations. #iqd #IraqiDinarNews #IraqiDinar #exchangerate