91% Of The Iraqi Currency Is Outside The Banking System

  Money  and business  Economy News – Baghdad   Economist Manar Al-Obaidi announced that the monetary supply had risen to more than 102 trillion dinars as of last June. Al-Obaidi said,

  “The cash currency issued by the Central Bank of Iraq increased to reach 102.3 trillion Iraqi dinars at the end of June, with an annual growth rate of 2.4% and a monthly growth of 3%.”  He added that the

 value of cash outside the banking system rose to 93 trillion Iraqi dinars after it was 90 trillion Iraqi dinars in March.  He pointed out that the percentage of cash outside the banking system reached 91%.

 observations 373     07/09/2024 - https://economy-news.net/content.php?id=45032