CBI: Iraq’s foreign reserves shed $1.8 billion in a single week

2026-05-17T09:03:36+00:00

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Shafaq News-
Baghdad

Iraq’s foreign
currency reserves fell sharply in the final week of April, according to fresh
financial indicators published by the Central Bank of Iraq (CBI).

Net foreign
assets held by the central bank declined from 125.614 trillion dinars on April
23 to 123.269 trillion dinars —approximately $93.3 billion— by the end of the
month, a drop of 2.345 trillion dinars in seven days, equivalent to some $1.8
billion based on a Shafaq News calculation derived from central bank data.
Other official reserves fell in parallel, settling at 122.780 trillion dinars.

Economic
analyst Nabil al-Marsoumi attributed the continued decline directly to falling
oil revenues.

The figures
coincide with a warning issued Saturday by Oil Minister Bassem Mohammed
Khadhir, who said ongoing regional instability is threatening the flow of
energy supplies through the Strait of Hormuz.