Iraq’s Gold Imports Hit $30B — Cover for Dollar Shortage?
Iraq’s gold imports have skyrocketed — hitting $30 billion in just the first half of 2025 — link to My FX Buddies
and experts say this shift has turned gold from a simple commodity into a powerful financial tool, and in some cases, a shadowy cover for dollar shortages and smuggling operations.
In this video, we explore:
Why gold has become Iraq’s “second dollar” amid U.S. banking restrictions
How $12.5 billion in gold imports last year nearly matched the Central Bank’s entire gold reserve
The social impact of record-high gold prices, including rising dowries and postponed marriages
The risks…
The skinny
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