76.89 trillion dinars value of deposits in commercial banks

The private director of the Association of Iraqi Private Banks, Ali Tariq, said the increase of government and private deposits in commercial banks operating inside Iraq to 76.89 trillion dinars during the year 2018

Tariq said, "Government and private deposits in commercial banks rose 9.84 trillion dinars in 2018 because of the bank's procedures. The Iraqi Central Bank in support of the Iraqi banking sector, both government and private, in addition to Iraq rid of the financial crisis that hit in 2014 because of the fall in oil prices and security improvement after the elimination of the organization calling, "noting that" deposits in 2017 amounted to 67.05 trillion dinars What rose in 2018, to 76.89 trillion dinars

He added that "private sector deposits in commercial banks amounted to 27.36 trillion dinars, while government deposits amounted to 22.27 trillion dinars in addition to deposits of the public sector sector amounting to 27.26 trillion dinars

He stressed that "the relationship between the citizen and the banking sector is witnessing a significant improvement after the actions of the Central Bank of Iraq, such as the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others," adding that "

Another factor is the integration of Iraq in the global economy, which depends mainly on transactions With the banking sector in addition to the increasing geographical spread of banks through the increase in the number of branches after the awareness programs, as well as increasing the proportion of financial coverage through the provision of electronic payment tools and their impact in attracting the mass of cash

He pointed out that "the coming years will witness an increase in deposits after the launch of deposit insurance company by the Central Bank of Iraq


15th April, 2019



 LINK



READ SUNKISSED'S Thoughts on this article below

SUNKISSED LOVED THE ARTICLE!!

~~~~~~~~~~~~~

Sunkissed » April 15th, 2019

WOW!!!!! THIS IS A VERY PREGNANT ARTICLE!!

HUGE HUGE statement: "...in addition to Iraq rid of the financial crisis that hit in 2014" 

They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits -- looks like the mattresses are getting leaner!!

And furthermore: "the relationship between the citizen and the banking sector is witnessing a significant improvement" The Iraqi's are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts???? The CBI and Banks have accomplished GREAT strides for sure!!

This is a very BIG article when you break it down.

For us:

1. settlement of salaries of employees in the public and private sectors

2. integration of Iraq in the global economy

3. increasing geographical spread of banks

4. electronic payment and their impact in attracting the mass of cash

5. and the launch of deposit insurance

Why would they need these mechanisms AT A PROGRAM RATE??

They wouldn't!!

I love this article!!

Thank you Samson for such a great find!!!

~ Sunkissed
~~~~~~~~~~

Popeye7 » April 15th, 2019

It does seem the water has broke, and we are about to see the newborn economy of the Middle East... Thanks SK, and love one of your last quotes... "Why would they need these mechanisms AT A PROGRAM RATE?... They wouldn't!"... Spot on.. Why go through all of the trouble via the movers, and shakers of this global economic system for the number of years this has been transpiring to remain at the same worthless rate?... Great breakdown!..