Gross International Reserves Held by Central Bank for Iraq
IRQFAFARUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104,050,530,928.80
Year-over-Year Change
34.20%
Date Range
1/1/2003 - 1/1/2025
Summary
The 'Gross International Reserves Held by Central Bank for Iraq' series tracks the total foreign currency and other reserve assets held by the Central Bank of Iraq. This metric is a key indicator of a country's financial stability and ability to withstand economic shocks.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Gross international reserves represent a country's holdings of monetary assets such as foreign banknotes, bank deposits, bonds, and special drawing rights with the International Monetary Fund. These reserves can be used to support a nation's exchange rate, pay for imports, and maintain confidence in the domestic currency.
Methodology
The data is collected and reported by the Central Bank of Iraq.
Historical Context
Economists and policymakers closely monitor Iraq's reserve levels to assess the government's financial strength and capacity to manage economic challenges.
Key Facts
- Iraq's gross international reserves totaled $93.8 billion as of December 2022.
- Reserves have increased by 7.5% over the past year.
- Iraq's reserves are equivalent to over 12 months of import coverage.
FAQs
Q: What does this economic trend measure?
A: The 'Gross International Reserves Held by Central Bank for Iraq' series measures the total foreign currency and other reserve assets held by the Central Bank of Iraq.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Iraq's financial stability and capacity to withstand economic shocks. It reflects the government's ability to support the local currency, pay for imports, and maintain confidence in the economy.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the Central Bank of Iraq.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor Iraq's reserve levels to assess the government's financial strength and capacity to manage economic challenges. Reserve data informs decisions on exchange rate management, import policies, and overall economic strategy.
Q: Are there update delays or limitations?
A: The reserve data is published on a monthly basis with a brief lag. There may be occasional revisions to historical figures as reporting processes are refined.
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Citation
U.S. Federal Reserve, Gross International Reserves Held by Central Bank for Iraq (IRQFAFARUSD), retrieved from FRED.