Foreign reserves in Iraq shrink by $1.1B in one week

Shafaq News- Baghdad

Iraq's foreign reserves fell 1.43% during the finalweek of May, extending their decline in the second quarter of 2026, accordingto data released by the Central Bank of Iraq.

Holdings stood at 118.947 trillion Iraqi dinars ($76.25B)on May 28, down 1.728 trillion dinars ($1.11B) from 120.675 trillion dinars ($77.36B)a week earlier. The figures also showed a broader monthly decline, withreserves reaching 127.152 trillion dinars ($81.51B) in April compared with130.443 trillion dinars ($83.62B) in March.

Gold remained one of the main components of thecountry’s official reserves, with assets valued at 32.973 trillion dinars ($21.14B).