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91% of the Iraqi currency is outside the banking system
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Economy News - Baghdad
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Added 07/09/2024 - 1:12 PM
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Economy News - Baghdad
Economist Munar Al-Obaidi announced that the money supply rose to more than 102 trillion dinars until last June.
Al-Obaidi said, "The currency issued by the Central Bank of Iraq rose to reach 102.3 trillion Iraqi dinars at the end of June, with an annual growth rate of 2.4% and a monthly growth rate of 3%."
He added that the value of the currency outside the banking system rose to 93 trillion Iraqi dinars, after it was 90 trillion Iraqi dinars in March.
He pointed out that the percentage of cash outside the banking system reached 91%.
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Added 07/09/2024 - 1:12 PM
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