Iraq’s foreign exchange reserves fell by more than $2 billion in one month.
The Central Bank announced on Saturday that its foreign exchange reserves had fallen to more than $2 billion by the end of July.
The bank said in an official statistic seen by Shafaq News Agency, “The foreign reserves of the Central Bank amounted to 94.714 billion dollars, equivalent to 123.128 trillion Iraqi dinars, as of July 31 of this year, a decrease of 2.305 billion dollars compared to last June, when reserves amounted to 97.019 billion dollars, equivalent to 126.125 trillion dinars.”
He added, “These reserves also decreased from last May, which amounted to $96.799 billion, equivalent to 125.839 trillion dinars.”
The bank indicated that “these reserves decreased from last year’s 2024 figure of $100.276 billion, or the equivalent of 130.347 trillion dinars, and decreased from 2023, when reserves reached $111.736 billion, or the equivalent of 145.257 trillion dinars.”
Shafaq.com