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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

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    Specialist: Iraq leads the countries of the Middle East in the number of private banks

    Rocky
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    • Post n°1

    Specialist: Iraq leads the countries of the Middle East in the number of private banks Empty Specialist: Iraq leads the countries of the Middle East in the number of private banks

    Post by Rocky Wed 26 Jul 2023, 7:16 am

    [size=30]Specialist: Iraq leads the countries of the Middle East in the number of private banks 
    [ltr]2023.07.26 - 13:36[/ltr]
    [/size]
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    Baghdad - Nas  
    Professor of Economics at the University of Basra, Nabil Al-Marsoumi, said, on Wednesday, that Iraq is first in the number of private banks in the Middle East.  
      
      
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    Al-Marsoumi mentioned in a post followed by “NAS” (July 26, 2023):   
      
    The total number of banks in Iraq = 81 banks.  
      
    Number of government banks = 7 banks.  
      
    The number of private banks = 74 banks.  
      
    The ratio of the number of private banks to the total number of banks in Iraq = 91%.  
      
    Al-Marsoumi explained, "This percentage is the highest in the Middle East, as the number of banks in Turkey (43), Egypt (41), Saudi Arabia (31), Iran (30), Jordan (26), and Algeria (20)... while the number of banks registered in a superpower such as Britain reached (54) banks only."  
      
    The number of Islamic banks in Iraq = 29 banks.  
      
    And between, "This means that Islamic banks in Iraq constitute more than a third of the banks in Iraq, while the Islamic banks that were affected by US sanctions amounted to more than half of the total number of banks accused of money laundering and dollar smuggling, which is the window for selling foreign currencies as the main source of their profits."  
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