For the first time in its history, bank deposits in the Central Bank of Iraq approach 180 trillion dinars

[yota691]

For the first time in its history, bank deposits in the Central Bank of Iraq approach 180 trillion dinars

Saturday 15 October 2022 14:18 | Economic Number of readings: 98

Baghdad / NINA / - The economic expert, Manar Al-Obaidi, revealed that the assets of the Central Bank of Iraq from bank deposits amounted to 180 trillion dinars for the first time in the bank's history.

Al-Obaidi said in a post on his page, "The deposits of local banks with the Central Bank of Iraq for the first time exceed the barrier of 40 trillion dinars, 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, "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.

And he believed, "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 monetary assets of banks and depositing them with the Central Bank, which illustrates the success of the policy of the Central Bank of Iraq in the strategy of financial inclusion, which contributed to the arrival of The deposits of local banks with the Central Bank of Iraq have reached this level.

He pointed out that "the total assets of the Central Bank of Iraq until the end of the month of August amounted to 178 trillion dinars, these assets were distributed among:

- Securities worth 68 trillion dinars.

- Dues on the Ministry of Finance worth 44 trillion dinars.

- Gold and cash reserves of 27 trillion dinars.

- Deposits with central and foreign banks worth 27 trillion dinars

- Loans for financing small and medium enterprises worth 9 trillion dinars.

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 dinars." / End 8

[yota691]

The Central Bank publishes interest rates on loans and deposits for government banks

Saturday 15 October 2022 13:24 | Economic Number of readings: 119

Baghdad / NINA / - The Central Bank published the interest rates granted by government banks on fixed deposits, and the interest accrued on credit (loans).

The Central Bank explained in its publication on its website, that "the interest rates granted by government banks, in Iraqi dinars, differ from those granted by private banks."

And he indicated that "the interest rate granted on the fixed deposits of the Rafidain Bank in Iraqi dinars ranges between 4 percent to 6 percent, while the interest rate on credit (loans) ranges between 9 to 11 percent, while its rate at the Rasheed Bank, on fixed deposits, ranges between 3.5 percent and 6.5 percent, and on loans between 10 and 12 percent.”

He explained, "The interest of the Trade Bank of Iraq granted on fixed deposits ranges between 3 to 3.75 percent, while the interest rate on credit (loans) is 10 percent."

He continued, "The interest on fixed deposits granted by the Industrial Bank ranges between 4 and 7 percent, while the interest on bank loans is between 9 and 12 percent," noting that "the interest rate of the Agricultural Cooperative Bank granted on fixed deposits ranges between 4 and 6." percent, and ranges on loans between 12 and 14 percent, and the interest rate granted by the real estate bank on fixed deposits ranges between 3 and 5 percent, while the interest rate on its loans ranges between 10 and 13 percent. /finished8

[msan]

Again. Really good stuff.  This country will zoom and be a powerhouse! 

[yota691]

Bank deposits with the Central Bank at the highest level.. Manar Al-Obaidi

2022-10-15

Manar Al-Obaidi wrote:

 

For the first time, the deposits of local banks with the Central Bank of Iraq exceed the 40 trillion dinars barrier, representing 22.5% of the total liabilities of the Central Bank, with an annual growth rate of 36.5% compared to last year.

On the other hand, 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 bank. The Central Bank of Iraq, with a growth rate of 420 percent compared to the same period last year

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 the increase in the assets of monetary banks and their deposits with the Central Bank, which illustrates the success of the policy of the Central Bank of Iraq in the strategy of financial inclusion, which contributed to the arrival of deposits of local banks with The Central Bank of Iraq to this level

On the other hand, the total assets of the Central Bank of Iraq until the end of August amounted to 178 trillion Iraqi dinars. These assets were distributed between

Securities worth 68 trillion dinars

Dues from the Ministry of Finance amounting to 44 trillion dinars

Gold and cash reserves worth 27 trillion dinars

Deposits with central and foreign banks amounting to 27 trillion Iraqi dinars

Loans for financing small and medium enterprises worth 9 trillion Iraqi dinars

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 enterprises until the end of the year will exceed the barrier of 12 trillion Iraqi dinars.

 

[6ly410]

For the first time in its history, bank deposits in the Central Bank of Iraq approach 180 trillion dinars

Saturday 15 October 2022 14:18 | EconomicNumber of readings: 170

For the first time in its history, bank deposits in the Central Bank of Iraq approach 180 trillion dinars (ninanews-com.translate.goog)

Baghdad / NINA / - The economic expert, Manar Al-Obaidi, revealed that the assets of the Central Bank of Iraq from bank deposits amounted to 180 trillion dinars for the first time in the bank's history.

Al-Obaidi said in a post on his page, "The deposits of local banks with the Central Bank of Iraq for the first time exceed the barrier of 40 trillion dinars, 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, "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.

And he believed, "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 monetary assets of banks and depositing them with the Central Bank, which illustrates the success of the policy of the Central Bank of Iraq in the strategy of financial inclusion, which contributed to the arrival of The deposits of local banks with the Central Bank of Iraq have reached this level.

He pointed out that "the total assets of the Central Bank of Iraq until the end of the month of August amounted to 178 trillion dinars, these assets were distributed among:

- Securities worth 68 trillion dinars.

- Dues on the Ministry of Finance worth 44 trillion dinars.

- Gold and cash reserves of 27 trillion dinars.

- Deposits with central and foreign banks amounting to 27 trillion dinars.

- Loans for financing small and medium enterprises worth 9 trillion dinars.

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 dinars." / End 8
 

[Officiallytook]

I see why so many are disappointed but remember Americans go to jail every day for tax evasion money laundering etc etc so really as long as they are moving forward I can care less about anything else lol, just listen to the world bank the IMF the un who ever to get your paper reinstated and we're good can worry about the crooked when they want

[Laid Back]

180 trillion IQD is about $124 billion dollars in assets.

 

Go CBI

Go Stronger Dinar

[Mammaw]

With that much dinar, when it RVs, it would be an astronomical amount in assets on hand.  But the fact they have drawn in that many, in a slow but sweet process in accumulating it before the borders would be closed during the RV. Just saying. IMO