Iraq Economic News and Points To Ponder Tuesday Afternoon 11-25-25
The Central Bank is Developing a Plan to Increase Iraq's Gold Reserves
Economy | 25/11/2025 Mawazin News - Baghdad: The Central Bank of Iraq announced a plan to increase Iraq's gold reserves.
Alaa al-Fahd, a member of the bank's media office, stated that "Iraq ranks sixth in the Arab world in gold reserves, according to the latest statistics," emphasizing that "the gold reserve is at a good and well-maintained level, exceeding 160 tons, and the Central Bank is working to increase it as much as possible."
He added that "the Central Bank also seeks to increase the reserve portfolio by maintaining its value and diversifying its holdings, as part of its monetary policy," noting that "according to Law 56 of 2004, the bank is responsible for monetary policy, price stability, the exchange rate, and inflation rates, and these indicators are very good at the present time, as is the financing of foreign trade."
Regarding the issue of liquidity, al-Fahd stressed that "liquidity is a financial, not a monetary, matter, and it follows market activity, investments, government spending, and the budget," indicating that "liquidity is the responsibility of the Ministry of Finance, not the Central Bank."
He explained that "the Central Bank's objective is to maintain the value of the Iraqi dinar, control inflation, and work internationally to implement financial and banking reforms that contribute to monetary stability." He clarified that "the Central Bank has worked during the past period to strengthen and diversify reserves.
This is part of the Central Bank's policy of not relying solely on US dollars but also diversifying the reserve currency basket to include the Chinese yuan, the Turkish lira, and the Emirati dirham in order to unify the country's foreign trade, in addition to increasing gold reserves.
This plays a very significant role in maintaining the size and value of these investments."
He emphasized that "maintaining reserves is achieved through investment so that they do not lose their real value.
This is what the Central Bank is working on according to a well-considered policy and modern investment strategies aimed at preserving and increasing the value of these reserves." He noted that "there is general stability in prices and inflation rates, and the Central Bank's policy is to maintain the reserve ratio and finance foreign trade."
https://www.mawazin.net/Details.aspx?jimare=270795
Central Bank: Gold Reserves Exceed 160 Tons; Plan To Diversify Currencies And Enhance Monetary Stability
Time: 2025/11/25 Readings: 75 times {Economic: Al-Furat News} The Central Bank of Iraq announced on Tuesday that it has developed a plan to increase Iraq's gold reserves..
Alaa Al-Fahd, a member of the bank's media office, stated in a press release that "Iraq ranks sixth in the Arab world in gold reserves according to the latest statistics," emphasizing that "the gold reserve ratio is good and maintained, amounting to more than 160 tons, and that the Central Bank is working to increase it as much as possible."
He added that "the Central Bank also seeks to increase the reserve basket by maintaining the reserve, its value and diversifying it, as part of the monetary policy adopted by the Central Bank," noting that "the bank, according to Law 56 of 2004, is responsible for monetary policy and the stability of the price level and the exchange rate, as well as inflation rates, and that these indicators are very good at the present stage, and also the financing of foreign trade is good."
Regarding the issue of liquidity, Al-Fahd stressed that "the issue of liquidity is financial and not monetary, and it follows the movement of the market, investments, government spending and the budget," noting that "the issue of liquidity is the responsibility of the Ministry of Finance and not the Central Bank."
He explained that "the Central Bank's goal is to maintain the value of the Iraqi dinar, maintain the inflation level, and work at the international level to implement financial and banking reforms that contribute to achieving monetary stability," clarifying that "the Central Bank has worked during the previous period to strengthen and diversify reserves, which is part of the Central Bank's policy to not be solely dollar-based, but to diversify the reserve currency basket with the Chinese yuan, the Turkish lira, and the Emirati dirham in order to unify the countries' foreign trade, in addition to increasing the gold reserve stock, and this has a very significant role in maintaining the size and value of these investments."
He stressed that "preserving the reserve is achieved through investing it so that it does not lose its real value, and this is what the Central Bank is working on according to a well-thought-out policy and modern investment aimed at preserving and increasing the value of these reserves," noting that "there is stability at the general level of prices and inflation rates, and the Central Bank's policy is to maintain the reserve ratio and finance foreign trade." LINK
The Price Of An Ounce Of Gold Rose By $100
Economy | 09:19 - 25/11/2025 Mawazin News - Follow-up: Gold prices rose by more than 1.5% after the opening of Asian markets, surpassing $4,150 an ounce, driven by increased expectations of a US interest rate cut next month.
Gold is currently trading at around $4,140, amid market optimism regarding the direction of US monetary policy.
Bart Melek, an analyst at TD Securities, said, "The market is now convinced that the US Federal Reserve will cut interest rates next month, similar to what it did last October."
According to data from US stock exchanges, traders see a 79% chance of a rate cut next month, which has boosted demand for the precious metal. https://www.mawazin.net/Details.aspx?jimare=270778
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com