Iraq’s foreign exchange reserves experienced a significant decrease in June 2026, falling 11.6% to $86.175 billion. This decline is based on official statements released by the Central Bank of Iraq (CBI). The substantial drop raises concerns about the nation’s economic stability and financial health. While the specific reasons for the decrease remain unclear from this initial report, it suggests potential pressures on Iraq’s external financial position. Further analysis will be needed to determine the underlying factors contributing to this downturn. The CBI’s data provides a snapshot of the country’s financial standing at the close of June, highlighting the need for monitoring of future trends. This development could impact Iraq’s ability to manage imports and service its debt obligations.