The Central Bank of Iraq announces monetary policy indicators during , 30 DEC

 The Central Bank of Iraq announces monetary policy indicators during 

The Central Bank of Iraq revealed the positive indicators achieved by the bank for the third quarter of 2024 compared to the same quarter of 2022 and 2023, stressing that this reflects the success of the monetary policy adopted by the bank during 2024.
The Central Bank of Iraq confirmed that total deposits at banks operating in Iraq recorded a growth of (4.2%) in the third quarter of 2024, 

reaching (127.6) trillion dinars, compared to its value of (122.4) trillion dinars in the third quarter of 2023, in contrast, the cash credit granted by public banks grew by (11.6%) in the third quarter of 2024, amounting to (72.7) trillion dinars, compared to its value of (65.1) trillion dinars in the third quarter of 2023.

The bank stated that deposits with private banks operating in Iraq recorded a growth of (14%) in the third quarter of 2024, amounting to (18.7) trillion dinars, compared to their value of (16.4) trillion dinars in the third quarter of 2023. In contrast, the cash credit granted by private banks achieved a growth of (15.1%) in the third quarter of 2024, amounting to (12.2) trillion dinars, compared to its value of (10.6) trillion dinars in the third quarter of 2023, pointing out that these percentages reflect the increase in confidence of economic units in private banks operating in Iraq.

He added that private sector deposits at banks operating in Iraq recorded a growth of (3%) in the third quarter of 2024, amounting to (56.1) trillion dinars, compared to their value of (54.4) trillion dinars in the third quarter of 2023, indicating that the cash credit granted to the private sector by banks operating in Iraq achieved a growth of (8.6%) in the third quarter of 2024, amounting to (42.8) trillion dinars, compared to its value of (39.4) trillion dinars in the third quarter of 2023, stressing that this increase reflects the increase in the private sector’s confidence in banks operating in Iraq.

The bank revealed that the cash offer in the narrow sense in Iraq recorded a growth of (4.1%) in the third quarter of 2024, with a value of (158.6) trillion dinars, compared to its value of (152.4) trillion dinars in the third quarter of 2023, in contrast, the cash supply in the broad sense in Iraq recorded a growth of (3.3%) in the third quarter of 2024, with a value of (179.8) trillion dinars, compared to its value of (173.9) trillion dinars in the third quarter of 2023.
He added that the gold reserves of the Central Bank of Iraq recorded a significant growth of (57%) in the third quarter of 2024, amounting to (16.8) trillion dinars, compared to their value of (10.7) trillion dinars in the third quarter of 2023, stressing that the annual inflation rates in Iraq are among the lowest annual inflation rates in the countries of the region for August and September 2024, as the rest of the percentage is acceptable at (3.7%) and (3.1%) respectively, reflecting price stability and the success of monetary policy in Iraq, revealing the publication of statistics on the official website of this bank at the following link: (https://cbi.iq/news/section/155)

Central Bank of Iraq
Media Office
December 29, 2024