By John Lee. More than half a tonne of imported gold has entered Iraq via Baghdad International Airport (BIAP) over the past two days, according to the Ministry of Planning. The shipments, comprising jewellery and bullion, totalled approximately 300 consignments. The Ministry stated that inspection and hallmarking procedures are being carried out continuously to facilitate […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's central bank rules out exchange rate change, backs customs reform Iraq's Central Bank Governor Ali al-Alaq said there are no plans to change the dinar's exchange rate, stressing that the bank's foreign reserves […]
By John Lee. The Central Bank of Iraq (CBI) reported that the value of its gold reserves increased in the third quarter of 2025, rising to 27,552 billion Iraqi dinars (approximately $21.0 billion), up from 16,817 billion Iraqi dinars (approximately $12.8 billion) in the same quarter of 2024. This represents an increase of 64 percent. […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imported 50 tons of gold in 2025 amid global surge in demand Iraq has imported nearly 50 tons of gold so far in 2025, an official from the federal planning ministry said, noting […]
By John Lee. The Central Bank of Iraq (CBI) has reported a significant increase in its gold reserves, which form a key component of the country's foreign reserves. During the second quarter of 2025, gold reserves reached 22.8 trillion dinars [$17.4 billion], marking a 55 percent rise compared to 14.7 trillion dinars recorded in the […]
By John Lee. The City of Gold project in Baghdad, recently approved by Iraq's Minister of Trade and endorsed by the Ministerial Council for the Economy, has been hailed by the Trade and Economic Research Centre (TREC) as a transformational initiative that could significantly reshape the country's economic landscape. Dr. Mudhhir Mohammed Saleh, Financial Advisor […]
By John Lee. The Ministerial Council for the Economy has approved a proposal by the Ministry of Trade to establish a "Global Gold City" in Baghdad - a strategic initiative aimed at localising the gold and jewellery industry in Iraq and strengthening domestic production. Trade Minister Dr. Athir Daoud Al-Ghurairi described the project as a […]
By John Lee. The Central Bank of Iraq's gold reserves rose sharply in the first quarter of 2025. A statement from the CBI said gold reserves reached IQD 21.2 trillion [$16.2 billion], an increase of 19 percent from the IQD 17.8 trillion held in the previous quarter. It added that gold remains a vital component […]
By John Lee. The Central Bank of Iraq (CBI) has reported a 45.1-percent increase in its gold reserves in Q4 2024 compared to the same period in 2023. Reserves rose from IQD 12.29 trillion in Q4 2023 to IQD 17.83 trillion [$13.6 billion] in Q4 2024, driven by both an increase in gold holdings and […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports over 50 kilograms of gold daily: Ministry Iraq imports between 50 to 75 kilograms of gold daily excluding the Kurdistan Region, the planning ministry said on Wednesday, adding that gold imports are […]
By John Lee. Iraq's Central Organisation for Standardisation and Quality Control (COSQC) has opened its fourth unit for testing and hallmarking precious metals and imported gold at Kirkuk International Airport. The ceremony, led by Dr. Fayadh Mohammed Abdul-Dulaimi, COSQC President, was attended by key officials, including airport customs and border management representatives. Dr. Abdul-Dulaimi highlighted […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG official warns gold smuggled from Sulaimani to Iran The president of the Kurdistan Region's importers and exporters union told Rudaw on Wednesday that gold is being smuggled to Iran from Sulaimani province, revealing […]
