Central Bank: The currency outside the banks amounted to more than 40 trillion dinars

Central Bank: The currency outside the banks amounted to more than 40 trillion dinars



Logo of the Central Bank of Iraq

05/11/2017

Economy News Baghdad:

The Central Bank of Iraq, the currency outside the banks amounted to more than 40 trillion dinars.

The central bank in a report seen by "economy News", "The currency outside the banks amounted to 40.18 trillion dinars last March," noting that "the currency outside the banks amounted to 37.5 trillion dinars in March last year."

He pointed out that "the capital of commercial banks during the first quarter of this year recorded a rise of 25.3% compared to last year to reach 12.9 trillion dinars," noting that "private banks constitute the largest proportion of capital banks to reach 9.7 trillion dinars, while government banks have capital 3.3 trillion dinars. "

http://economy-news.net/content.php?id=9626

The good Dr Shabbi needs a medal. He figured out a way to save his country, Print dinar and sell it to us suckers,  Get a few liars to pump and promote it . It sold big time. OVer 40 trillion  outside Iraq.  Even at a penny a dinar it will bankrupt them.

jwflatt wrote:The good Dr Shabbi needs a medal. He figured out a way to save his country, Print dinar and sell it to us suckers,  Get a few liars to pump and promote it . It sold big time. OVer 40 trillion  outside Iraq.  Even at a penny a dinar it will bankrupt them.

NOT SO FAST according to Iraq banking website even if they reinstated the Iraq Dinar to what it was under Saddam which was 3.22/1 they could in their own words "deficit expected to be eliminated over the coming few years" so i would not say they would be bankrupted

That's your opinion Allenj. My opinion is that theres no way they can or will rv to a penny because it will bankrupt them .

jwflatt wrote:That's your opinion Allenj. My opinion is that theres no way they can or will rv to a penny because it will bankrupt them .

no it not my opinion that what was on Iraq banking website.And if you go back and read what i posted it stated "in their own words" so it wasn't my opinion. I don't give my opinion on here (try not too) and if i post something like this it is because i read on the news site such as Iraqinew.iq or their banking website, cbi,imf ect..  i don't believe in a RV the way these IDIOT do