Iraq's foreign currency reserves are now above $80 billion and are expected to hit $90 billion by the end of the year.
Deputy Governor of Iraq’s central bank Ammar Khalaf gave the information on Sunday, reports Reuters citing state news agency INA.
The central bank's gold reserves have climbed 30 tonnes to stand at more than 131 tonnes now, Khalaf said.
The country's foreign currency reserves had dropped to an "alarming" level in 2020, he said, when the Covid-19 pandemic had caused oil prices to collapse. Iraq is a major crude oil exporter.