Central Bank: The proportion of private sector deposits with commercial banks amounted to 27 billion dinars
Central Bank: The proportion of private sector deposits with commercial banks amounted to 27 billion dinars
2019-05-18 06:12
The Central Bank of Iraq announced on Saturday that the proportion of private sector deposits with commercial banks for the month of December 2018 amounted to 27 billion dinars.
The bank said in its official statistics, read by Alsumaria News that “deposits of the Iraqi private sector in commercial banks amounted to 27 billion and 364 million and 385 thousand dinars during the month of December of 2018,” noting that “these deposits rose for the month of November of the same year that In which deposits amounted to 26 billion and 586 million and 556 thousand dinars, while deposits for the month of January of the same year 25 billion and 725 million and 835 thousand dinars.
The bank added that “the lowest deposits to the private sector registered with commercial banks were in April of 2004, which amounted to a billion and 803 million and 609 thousand dinars,” noting that “the rate of deposits of the private sector in commercial banks from 2004 to January From 2019 amounted to 15 billion and 439 million and 966 thousand dinars. ”
The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies
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