Iraq's Financial Reserves Reach Historic Levels and Strengthen Economic Security

The Central Bank of Iraq announced that its reserves of foreign currency and gold have reached their highest levels in the history of the Iraqi state, providing a strong financial cover for the national economy. Officials emphasized that this achievement reflects the success of the financial policies followed in managing oil wealth and rationalizing government spending. This massive balance will contribute to strengthening international confidence in the Iraqi economy and attracting more foreign investment in energy and infrastructure sectors. It also grants the state greater flexibility in financing strategic projects without the need for expensive external borrowing. Experts confirm that maintaining and growing these reserves represents a safety valve against any sudden fluctuations in global oil prices, ensuring the continued payment of salaries, financing public services, and maintaining social and political stability in the country.