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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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

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

    Post by Rocky Sat 15 Oct 2022, 5:19 am

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

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    Economy News-Baghdad
    The economist, Manar Al-Obaidi, revealed that the Central Bank’s assets 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 that "local banks' deposits with the Central Bank of Iraq for the first time exceed the 40 trillion dinars barrier and represent 22.5% of the central bank's total liabilities 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.
    He believed that "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 deposits The local banks of 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 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 worth 27 trillion Iraqi dinars
    ????Small and medium-sized enterprises financing loans worth 9 trillion Iraqi 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 Iraqi dinars."
     

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    Added 10/15/2022 - 12:09 PM
    Update 10/15-2022 - 1:18 PM


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