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For the first time, local bank deposits with the Central Bank of Iraq exceed 40 trillion dinars
460 Economie 10/15/2022 10:52
Baghdad today - Baghdad
Today, Saturday, the economist, Manar Al-Obaidi, revealed that local banks’ deposits with the Central Bank have exceeded the 40 trillion dinars barrier for the first time. Al-Obaidi said, in a Facebook post, which I followed (Baghdad Today), that
“for the first time, local banks’ deposits with the Central Bank of Iraq exceed the 40 trillion dinars barrier, and represent 22.5% of the total liabilities of the Central Bank, with an annual growth rate of 36.5% compared to last year". He added,
"In contrast, the value of the issued currency remained within the barrier of 82 trillion dinars, representing 47% of the total liabilities of the Central Bank, with an annual growth rate of 9.7% compared to the same period last year, and then
deposits of government institutions, amounting to 21 trillion Iraqi dinars, which represents 12% of the total liabilities of the Central Bank of Iraq, with a growth rate of 420 percent compared to the same period last year. Al-Obeidi explained,
"The rise in local banks' deposits with the Central Bank and their exceeding the barrier of 40 trillion dinars indicates the improvement in the level of financial inclusion in Iraq,
which contributed to increasing the assets of monetary banks and depositing them with the Central Bank," noting that
"this illustrates the success of the Central Bank of Iraq's policy in The financial inclusion strategy, which contributed to the arrival of local bank deposits with the Central Bank of Iraq to this level. And he continued,
"The total assets of the Central Bank of Iraq until the end of the month of 8 amounted to 178 trillion Iraqi dinars." He pointed out that
"the assets with the Central Bank were distributed between
"this is the first time in the history of the Central Bank of Iraq that its assets reach the barrier of 180 trillion Iraqi dinars, and it is expected that the barrier of
financing loans for small and medium projects until the end of the year will exceed the barrier of 12 trillion Iraqi dinars."
For the first time, local bank deposits with the Central Bank of Iraq exceed 40 trillion dinars
460 Economie 10/15/2022 10:52
Baghdad today - Baghdad
Today, Saturday, the economist, Manar Al-Obaidi, revealed that local banks’ deposits with the Central Bank have exceeded the 40 trillion dinars barrier for the first time. Al-Obaidi said, in a Facebook post, which I followed (Baghdad Today), that
“for the first time, local banks’ deposits with the Central Bank of Iraq exceed the 40 trillion dinars barrier, and represent 22.5% of the total liabilities of the Central Bank, with an annual growth rate of 36.5% compared to last year". He added,
"In contrast, the value of the issued currency remained within the barrier of 82 trillion dinars, representing 47% of the total liabilities of the Central Bank, with an annual growth rate of 9.7% compared to the same period last year, and then
deposits of government institutions, amounting to 21 trillion Iraqi dinars, which represents 12% of the total liabilities of the Central Bank of Iraq, with a growth rate of 420 percent compared to the same period last year. Al-Obeidi explained,
"The rise in local banks' deposits with the Central Bank and their exceeding the barrier of 40 trillion dinars indicates the improvement in the level of financial inclusion in Iraq,
which contributed to increasing the assets of monetary banks and depositing them with the Central Bank," noting that
"this illustrates the success of the Central Bank of Iraq's policy in The financial inclusion strategy, which contributed to the arrival of local bank deposits with the Central Bank of Iraq to this level. And he continued,
"The total assets of the Central Bank of Iraq until the end of the month of 8 amounted to 178 trillion Iraqi dinars." He pointed out that
"the assets with the Central Bank were distributed between
- securities worth 68 trillion dinars and
dues to the Ministry of Finance worth 44 trillion dinars, as well as
gold and now reserves worth 27 trillion dinars, in addition to
deposits with central and foreign banks worth 27 trillion Iraqi dinars, While there are
loans to finance small and medium enterprises worth 9 trillion dinars Iraqi". He pointed out that
"this is the first time in the history of the Central Bank of Iraq that its assets reach the barrier of 180 trillion Iraqi dinars, and it is expected that the barrier of
financing loans for small and medium projects until the end of the year will exceed the barrier of 12 trillion Iraqi dinars."
