financial expert Nabil Al-Marsoumi found out, on Thursday, a sizable decline within the principal financial institution of Iraq’s overseas forex reserves during the first region of 2025, because of the decline in oil sales resulting from the decline in worldwide oil expenses.
Al-Marsoumi stated in a tweet observed by means of dinaropinions.com, “The central bank’s reserves reduced from $one hundred and five.290 billion (equivalent to 136.877 trillion dinars) in December 2024 to $97.844 billion (127.198 trillion dinars) in March 2025.”
He defined that “reserves lost about $7.455 billion throughout the first 3 months of this 12 months,” noting that “the primary cause behind this decline is that the vital financial institution’s sales of overseas foreign money had been greater than its purchases from the Ministry of Finance, because of the decline in oil revenues.”
