Iraq Has Refrained From Buying Gold For Seven Months, Maintaining Its Global Position.
Time: 2025/09/02 Reading: 705 times {Economic: Al Furat News} The World Gold Council confirmed on Tuesday that Iraq has maintained its global ranking in gold reserves.
According to the Council’s latest statistics, for September, Iraq has not purchased any gold in seven months of 2025, indicating that it has maintained its 29th place globally out of 100 for the largest reserves of the precious metal.
He added that Iraq’s gold reserves amounted to 162.7 tons, equivalent to 16.9% of its other foreign currency reserves. Iraq thus holds the fourth largest gold reserves in the Arab world, after Saudi Arabia, Lebanon, and Algeria.
The Council noted that “the United States of America tops the list of the world’s largest gold holders, with 8,133,000 tons, followed by Germany with 3,350,000 tons, then Italy with 2,451,000 tons, while Iceland and Hong Kong come in last with 2 and 2.1 tons, respectively.”
The World Gold Council, headquartered in the United Kingdom, has extensive experience and in-depth knowledge of the factors influencing market changes, and its members include the world’s largest and most advanced gold mining companies. LINK
With Global Prices Rising, Gold Prices Fluctuate In Baghdad.
economy | 02/09/2025 Mawazine News – Baghdad – Foreign and Iraqi gold prices witnessed fluctuations in the local markets of the capital, Baghdad, on Tuesday.
Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price of one 21-karat mithqal of Gulf, Turkish and European gold at 706,000 dinars, and a purchase price of 702,000 dinars, the same prices recorded yesterday, Monday.
Meanwhile, the selling price of one 21-karat mithqal of Iraqi gold reached 676,000 dinars, and the purchase price reached 672,000.
As for gold prices in goldsmiths, the selling price of one 21-karat Gulf gold mithqal ranges between 710,000 and 720,000 dinars, while the selling price of one Iraqi gold mithqal ranges between 680,000 and 690,000 dinars. https://www.mawazin.net/Details.aspx?jimare=266106
The Dollar Price Rose As The Stock Market Closed.
Tuesday, September 2, 2025, | Economic Number of reads: 285 Baghdad/MENA/ The exchange rate of the dollar rose against the dinar on Tuesday afternoon in Baghdad markets, with the closing of the stock exchange.
The dollar price witnessed an increase with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 142,700 dinars for $100, while this morning the price was recorded at 142,600 dinars for $100.
Selling prices in exchange shops in the local markets in Baghdad recorded an increase, as the selling price reached 143,750 dinars for $100, while the purchase price reached 141,750 dinars for $100.
In Erbil, the dollar also recorded an increase, as the selling price reached 142,500 dinars for every $100, and the purchase price was 142,400 dinars for $100. /End https://ninanews.com/Website/News/Details?key=1249703
The Decline In Iraqi Oil Prices In The Global Market
Economy | 02/09/2025 Mawazine News – Follow-up: Iraqi oil prices recorded a decline during daily trading on Tuesday in the global market.
According to data reviewed by specialists, Basra Heavy crude recorded $66.26 per barrel, while the average recorded $69.46 per barrel, with a change rate of -0.65 for both.
The data also showed an increase in global crude prices, as British Brent crude recorded $68.52 per barrel, while US West Texas Intermediate crude recorded $65.00 per barrel, with a change rate of +0.37 and +0.99, respectively. https://www.mawazin.net/Details.aspx?jimare=266101
Central Bank: Iraq’s Domestic Public Debt Has Risen Significantly.
economy | 02/09/2025 Mawazine News – Baghdad The Central Bank of Iraq announced, on Tuesday, an increase in domestic public debt by the end of June 2025.
The bank said in an official statistic reviewed by Mawazine News, that “Iraq’s domestic public debt rose by the end of June of this year to reach 87 trillion and 748 billion Iraqi dinars, an increase of 2.56% compared to May, which amounted to 85 trillion and 503 billion dinars, also an increase of 5.35% compared to 2024, which amounted to 83.050 trillion dinars, and an increase of 19.59% compared to 2023, which amounted to 70.558 trillion dinars.
He added that “the increase came as a result of the increase in the delivery of farmers’ dues to reach 14 trillion and 830 billion dollars after it was 12 trillion and 568 billion dollars.”
The bank indicated in its statistics that the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and the debts of transfers are treasury at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers to the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and loans to financial institutions amounting to 19 trillion and 102 million dinars. https://www.mawazin.net/Details.aspx?jimare=266111
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