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Positive indicators for the third quarter of 2024
December 24, 2024
1. Growth in the volume of cash deposits and credit of operating banks by (4.2%) and (11.6%), respectively:
Total deposits with banks operating in Iraq recorded a growth of (4.2%) in the third quarter of 2024, reaching a value of (127.6) trillion dinars, compared to their value of (122.4) trillion dinars in the third quarter of 2023. In contrast, the
cash credit record Granted by public banks grew by (11.6%) in the third quarter of 2024, as its value reached (72.7) trillion dinars, compared to Its value amounts to (65.1) trillion dinars in the third quarter of 2023.
https://cbi.iq/static/uploads/up/file-173502791644793.jpg
2. Growth in the volume of cash deposits and credit to private banks by (14%) and (15.1%), respectively:
Deposits with private banks operating in Iraq recorded a growth of (14%) in the third quarter of 2024, reaching a value of (18.7) trillion dinars, compared to their value of (16.4) trillion dinars in the third quarter of 2023.
On the other hand, it achieved Monetary credit granted by private banks grew by (15.1%) in the third quarter of 2024, reaching a value of (12.2) trillion dinars, compared to With a value of (10.6) trillion dinars in the third quarter of 2023.
It should be noted that these percentages reflect the increased confidence of economic units in private banks operating in Iraq.
https://cbi.iq/static/uploads/up/file-173502819314514.jpg
3. Growth in the volume of deposits and cash credit to the private sector by (3%) and (8.6%), respectively:
Private sector deposits with banks operating in Iraq recorded a growth of (3%) in the third quarter of 2024, reaching a value of (56.1) trillion dinars, compared to their value of (54.4) trillion dinars in the third quarter of 2023. On the other hand, credit achieved...
Cash granted to the private sector by banks operating in Iraq grew by (8.6%) in the third quarter of 2024, reaching a value of (42.8) trillion. dinars, compared to its value of (39.4) trillion dinars in the third quarter of 2023.
It should be noted that this increase reflects increased private sector confidence in banks operating in Iraq.
https://cbi.iq/static/uploads/up/file-173502835431430.jpg
4. Growth of the money supply in the narrow sense ( M1 ) by (4.1%), and the money supply in the broad sense ( M2 ) by (3.3%):
The money supply in the narrow sense in Iraq recorded a growth of (4.1%) in the third quarter of 2024, as
its value reached (158.6) trillion dinars, compared to its value of (152.4) trillion dinars in the third quarter of 2023.
On the other hand, the money supply in the narrow sense recorded Broadband in Iraq grew by (3.3%) in the third quarter of 2024, as its value reached (179.8) trillion dinars, compared to its value of (173.9) trillion dinars in the third quarter of 2023.
https://cbi.iq/static/uploads/up/file-173502876777164.jpg
5. Growth of gold reserves at the Central Bank by (57%):
Gold reserves at the Central Bank of Iraq recorded a significant growth of (57%) in the third quarter of 2024, reaching a value of (16.8) trillion dinars, compared to its value of (10.7) trillion dinars in the third quarter of 2023.
It should be noted that gold reserves are an important hedge against the risks of falling global oil prices.
https://cbi.iq/static/uploads/up/file-173502907237970.jpg
6. The annual inflation rate for the months of August and September was (3.7%) and (3.1%), respectively:
Annual inflation rates in Iraq are among the lowest annual inflation rates in the countries of the region for the months of August and September of 2024, as the rest of the rate is acceptable at (3.7%) and (3.1%), respectively, and
this reflects price stability and the success of monetary policy in Iraq.
https://cbi.iq/static/uploads/up/file-173502988143405.jpg
https://cbi.iq/news/view/2744
December 24, 2024
1. Growth in the volume of cash deposits and credit of operating banks by (4.2%) and (11.6%), respectively:
Total deposits with banks operating in Iraq recorded a growth of (4.2%) in the third quarter of 2024, reaching a value of (127.6) trillion dinars, compared to their value of (122.4) trillion dinars in the third quarter of 2023. In contrast, the
cash credit record Granted by public banks grew by (11.6%) in the third quarter of 2024, as its value reached (72.7) trillion dinars, compared to Its value amounts to (65.1) trillion dinars in the third quarter of 2023.
https://cbi.iq/static/uploads/up/file-173502791644793.jpg
2. Growth in the volume of cash deposits and credit to private banks by (14%) and (15.1%), respectively:
Deposits with private banks operating in Iraq recorded a growth of (14%) in the third quarter of 2024, reaching a value of (18.7) trillion dinars, compared to their value of (16.4) trillion dinars in the third quarter of 2023.
On the other hand, it achieved Monetary credit granted by private banks grew by (15.1%) in the third quarter of 2024, reaching a value of (12.2) trillion dinars, compared to With a value of (10.6) trillion dinars in the third quarter of 2023.
It should be noted that these percentages reflect the increased confidence of economic units in private banks operating in Iraq.
https://cbi.iq/static/uploads/up/file-173502819314514.jpg
3. Growth in the volume of deposits and cash credit to the private sector by (3%) and (8.6%), respectively:
Private sector deposits with banks operating in Iraq recorded a growth of (3%) in the third quarter of 2024, reaching a value of (56.1) trillion dinars, compared to their value of (54.4) trillion dinars in the third quarter of 2023. On the other hand, credit achieved...
Cash granted to the private sector by banks operating in Iraq grew by (8.6%) in the third quarter of 2024, reaching a value of (42.8) trillion. dinars, compared to its value of (39.4) trillion dinars in the third quarter of 2023.
It should be noted that this increase reflects increased private sector confidence in banks operating in Iraq.
https://cbi.iq/static/uploads/up/file-173502835431430.jpg
4. Growth of the money supply in the narrow sense ( M1 ) by (4.1%), and the money supply in the broad sense ( M2 ) by (3.3%):
The money supply in the narrow sense in Iraq recorded a growth of (4.1%) in the third quarter of 2024, as
its value reached (158.6) trillion dinars, compared to its value of (152.4) trillion dinars in the third quarter of 2023.
On the other hand, the money supply in the narrow sense recorded Broadband in Iraq grew by (3.3%) in the third quarter of 2024, as its value reached (179.8) trillion dinars, compared to its value of (173.9) trillion dinars in the third quarter of 2023.
https://cbi.iq/static/uploads/up/file-173502876777164.jpg
5. Growth of gold reserves at the Central Bank by (57%):
Gold reserves at the Central Bank of Iraq recorded a significant growth of (57%) in the third quarter of 2024, reaching a value of (16.8) trillion dinars, compared to its value of (10.7) trillion dinars in the third quarter of 2023.
It should be noted that gold reserves are an important hedge against the risks of falling global oil prices.
https://cbi.iq/static/uploads/up/file-173502907237970.jpg
6. The annual inflation rate for the months of August and September was (3.7%) and (3.1%), respectively:
Annual inflation rates in Iraq are among the lowest annual inflation rates in the countries of the region for the months of August and September of 2024, as the rest of the rate is acceptable at (3.7%) and (3.1%), respectively, and
this reflects price stability and the success of monetary policy in Iraq.
https://cbi.iq/static/uploads/up/file-173502988143405.jpg
https://cbi.iq/news/view/2744
