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The Central Bank of Iraq announces an increase in the cash credit ratio during 2023
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Economy News - Baghdad
[rtl]The Central Bank of Iraq announced, today, Monday, the percentage of cash credit to the total deposits of the Iraqi banking sector, which amounted to (52%) during 2023, confirming its increase compared to the year 2022, which recorded (47%), while in 2021 it was around (55%).[/rtl]
[rtl]The Central Bank stated in a statement received by Al-Eqtisad News that, “although the increase was recorded, it did not exceed the standard percentage specified by the bank, amounting to (75%).”[/rtl]
[rtl]He pointed out that "this ratio aims to maintain sufficient liquidity in banks to face customer withdrawals and conduct financial banking activities."[/rtl]
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Added 04/01/2024 - 12:20 PM
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Economy News - Baghdad
[rtl]The Central Bank of Iraq announced, today, Monday, the percentage of cash credit to the total deposits of the Iraqi banking sector, which amounted to (52%) during 2023, confirming its increase compared to the year 2022, which recorded (47%), while in 2021 it was around (55%).[/rtl]
[rtl]The Central Bank stated in a statement received by Al-Eqtisad News that, “although the increase was recorded, it did not exceed the standard percentage specified by the bank, amounting to (75%).”[/rtl]
[rtl]He pointed out that "this ratio aims to maintain sufficient liquidity in banks to face customer withdrawals and conduct financial banking activities."[/rtl]
Views 24
Added 04/01/2024 - 12:20 PM
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