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haymon
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Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.

 

 

Ummmm.....did I just understood what I've just read here?!! Wow!  :blink:

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Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.

 

Ok this sounds amazing , but where's the link to the article quote your referring too????

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To encourage citizens to deposit their money in banks .. the government raises interest rates to 18%

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BAGHDAD / Hassan Shammari:

A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.

The source said in an interview with "Sky Press," that "the government has issued a number of proposals to address the financial crisis afflicting the country, and decided to raise the interest rate on deposit money in the bank to 18%."

He added that "This move will encourage citizens to deposit their money in banks, which will make it easier to deal with the crisis that hit the country as a result of lower oil prices

".

But in parallel with the detection of citizens and traders for "Sky Press," for "Dar Al Salam Bank Ahli" failure to extradite Mbalghm deposited with him under the pretext of state austerity faced by the country, as called upon the Ministry of Finance to intervene for their money Exchange, warned of the disruption of their businesses.

The religious authority called on Friday, the Iraqi government to engage the assistance of local and international to develop a "contingency plan" in order to cope with the financial crisis, which amounted to "a dangerous level", as demanded by taking austerity measures against "unnecessary expenses" for the ministries and not the general public right.

It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, and Anfaqath in the war against al "Daash", as he emphasized Prime Minister Haider al-Abadi, in the November 18, 2015, that Iraq will emerge from the financial crisis in stronger, adding that he found offline to strengthen the economy and lack of total dependence on oil.

http://skypressiq.net/12162-%D9%84%D...9%89%2018.html

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Ha, two days ago, Warka website said 6% interest being paid on IQD savings. Now it says 5%. Whata crock.

We have not received 6% in over a year on savings accounts. The last fiscal year was at 5.5%. So they at least are updating their web page! I'm anxious for confirmation on the issuance of CD's once again. The published rates are pretty good. But I'm looking for double digits!

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