Tuesday, November 12, 2024
The capital of Iraq’s private banks increased by 7.3%, 12 NOV
The capital of Iraq’s private banks increased by 7.3%
Shafaq News / The Central Bank of Iraq announced on Monday a rise in the capital of private banks by 7.3%.
The bank said in a report seen by Shafaq News Agency that it recorded an increase in the total capital of private banks operating in Iraq during the first quarter of this year, by 7.3% to reach 19.2 trillion dinars compared to 19.7 trillion dinars for the same period last year.
He pointed out that private banks operating in Iraq increased their capital by 6%, while the capital of government banks increased by 11.1%.
He added that the contribution of private banks’ capitals amounted to 73.2%, while the capital contribution of government banks amounted to 26.2%.
The bank explained that deposits in the first quarter of this year rose by 1.2% to reach 123.7 trillion dinars compared to 122.2 trillion for the same period of the previous year, thus increasing current deposits by 3.1% as a result of the increase in current expenditures from the wages and salaries of employees in the public sector, while savings deposits decreased by 3%, and fixed deposits decreased by 10%.
EXCERPTS FROM MARKZ, 12 NOV
EXCERPTS FROM MARKZ
Sudanese arrives in Saudi Arabia to participate in an emergency summit, 12 NOV
Sudanese arrives in Saudi Arabia to participate in an emergency summit
Shafaq News / Iraqi Prime Minister Mohammed Shia Al-Sudani arrived on Monday in the Saudi capital Riyadh to participate in an emergency summit on regional events.
The Sudanese media office stated in a brief notice that the latter arrived in Riyadh to participate in the joint Arab and Islamic summit on discussing the aggression against Gaza and Lebanon.
On Sunday, an informed political source reported that Iraqi Prime Minister Mohammed Shia Al-Sudani will go (today) to the Saudi capital Riyadh to participate in the Arab-Islamic Summit.
The source told Shafaq News that “the participation of the Iraqi delegation in the joint extraordinary Arab Islamic summit, in Riyadh, will be chaired by the Sudanese and the membership of Foreign Minister Fouad Hussein, and the Sudanese will deliver a speech at the meeting.”
THEIR MONEY CAN MOVE IN AND OUT OF THEIR COUNTRY NOW FREELY BY FIREFLY, 12 NOV
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:There's a guy on TV saying Iraqis have the possibility of purchasing any commodity electronically immediately.
FRANK: You see their money can move in and out of their country now freely. Yah! There's no more restrictions. Yah! The same things are happening with goods and services.
TIDBIT FROM FRANK26, 13 NOV
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...
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