FRANK26: CBI: Liquidity Is Available and Our Reserves Exceed $100 Billion

 KTFA

FRANK26: CBI: Liquidity Is Available and Our Reserves Exceed $100 Billion

6/2/2025

  BAGHDAD

The Central Bank of Iraq CBI confirmed on Monday that liquidity is fully available, while noting that its reserves have surpassed $100 billion.

Mohammed Younis, Director General of the Investments Department at the Central Bank, told the Iraqi News Agency (INA) “Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,” pointing out that “the CBI’s reserves have exceeded $100 billion, in addition to Iraq possessing a large gold reserve of over 163 tons.”

Younis added that “CBI is not an investment institution, but is concerned with managing Iraq’s foreign currency reserves,” explaining that “the objective of these reserves is not to generate profit, but to ensure reasonable returns.”

He continued: “The reserves are managed according to carefully studied policies that adhere to high safety standards and are invested in secure financial instruments that yield acceptable returns,” affirming that “Iraq is on a sound economic path.”

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