Iraq's Foreign Exchange Reserves Drop to $97.8 Billion in April
Iraq's foreign exchange reserves declined to $97.8 billion at the end of April, down from $100.3 billion a month earlier, according to data released on Sunday by the Central Bank of Iraq (CBI).
The CBI's investment holdings also recorded a decrease, falling to 92.66 trillion Iraqi dinars (approximately $70 billion) from 95.32 trillion dinars (around $72 billion) in March.
Meanwhile, the central bank's cash holdings dropped significantly to 566 billion Iraqi dinars (about $430 million), compared with 849 billion dinars (approximately $640 million) a month earlier.
Gold reserves also edged lower, declining to 33.93 trillion Iraqi dinars (roughly $25.7 billion) at the end of April from 34.28 trillion dinars (about $26 billion) in March.
The latest figures indicate a modest decline across Iraq's key reserve assets, including foreign exchange, investments, cash holdings, and gold reserves.
