Iraq's foreign currency reserves fall 11.6% in June

BAGHDAD, Iraq — Iraq's foreign currency reserves fell to $86.175 billion at the end of June 2026, an 11.6% decline from the previous period, according to official financial statements released by the Central Bank of Iraq. The central bank said the figures, drawn from its official records, reflect the closing balance for June 2026 and show a sharp drop from the higher levels recorded in earlier months. The bank did not provide an immediate explanation for the decline. The published data points to a broader shift in Iraq's external assets during the period. The June closing balance of $86.175 billion marks one of the steepest monthly contractions in recent reporting. No further details on the cause of the decline were immediately available from the central bank.