Coinciding with the talk of the “liquidity crisis”, currency printing in Iraq reaches a historic level of 104 trillion
Coinciding with the talk of the “liquidity crisis”, currency printing in Iraq reaches a historic level of 104 trillion
2024-08-31
Alsumaria News – Special
After months of gradual decline in the printed currency in Iraq, which the Central Bank of Iraq has been pursuing since November 2023, the Central Bank has backed down from reducing the amount of printed currency 4 months ago, specifically in April 2024, so that the amount of currency issued during the past month of July recorded a historical record.
The lowest level of printed currency in Iraq was recorded in March 2024, reaching 98.3 trillion dinars, after it was more than 102 trillion dinars in the last months of 2023, according to data from the Central Bank.
However, the size of the issued money supply began to increase since last April and returned to touch 100 trillion in May, exceeded 102 trillion in June, then exceeded 104 trillion last July to record a record as the highest value of issued money to date, and exceeded the record for printed currency in November 2023, which at that time amounted to only 102.6 trillion dinars.
This rapid printing of the currency, which reached 6 trillion in just 5 months, coincides with circulating talks about the existence of a liquidity crisis in the Ministry of Finance, in conjunction with the continuous and increasing spending required for both salaries and investment sectors, at a time when a number of representatives and specialists indicated that the dinar liquidity crisis was reflected in the delay of salaries for some ministries and employees.
alsumaria.tv
