The value of Iraq’s gold reserves rose by 4.76% during the first half of the year.

The Echo Iraq Observatory, which specializes in economic affairs, announced on Tuesday that the value of Iraq’s gold reserves increased by 4.76% during the first half of 2025, due to rising global gold prices.

The observatory stated in a press release received by Shafaq News Agency, “Iraq possesses 162 tons of gold as part of its national reserves,” noting that “the price of a ton of gold was 105 million US dollars in January 2025, and gradually rose to 110 million US dollars by the end of June 2025.”

The statement explained that “this increase in the price of gold directly contributed to raising the value of Iraq’s gold reserves,” stressing that “gold remains one of the most important strategic assets that enhances the country’s financial strength.”

The Observatory also noted that the rise in global gold prices over the past few months reflects fluctuations in global markets and directly impacts the value of national reserves in many countries, including Iraq.

The statement added, “Regular monitoring of gold prices enables Iraq to accurately assess the value of its reserves and make appropriate economic decisions to maintain the stability of the country’s purchasing power.”

Last July, the Central Bank of Iraq revealed an increase in the value of gold in Iraq’s foreign exchange reserves.

The bank said in an official statistic seen by Shafaq News Agency that the value of gold in Iraq’s foreign currency reserves reached 22.492 trillion dinars by April, up 5.62% from March, when the value of gold reached 21.228 trillion dinars.

He added that the value of gold also rose by 17.72% compared to December 2024, when it reached 17.834 trillion dinars, up from 12.293 trillion dinars in December 2023.

It’s worth noting that the Central Bank previously revealed that Iraq’s foreign currency reserves at the end of April amounted to $98.089 billion, equivalent to 127.516 trillion dinars.

Shafaq.com