Iraq is ahead of four Gulf states in the classification of total money supply
Iraq is ahead of four Gulf states in the classification of total money supply
25/03/2018 02:19
Trend Press / Agencies
Financial data showed on Sunday that Iraq is offering to a large number of Arab countries, including four Gulf states, in the classification of total money supply (N1 ).
Money supply (N1) includes money circulating among individuals plus demand deposits (ie, total current accounts in the banking system ) .
Iraq came in the 49th place in the world with a value of about 62.0 billion dollars, ahead of Qatar which ranked in the sixth place, Kuwait ranked 60th, Oman ranked 79th, Bahrain 85th .
The classification of Iraq ahead of other Arab countries such as Egypt, Jordan, Tunisia, Lebanon and Syria .
Globally, China recorded the highest level of total money supply (N1) at the end of 2017 by about 8.16 trillion dollars, followed by Japan by 6.43 trillion dollars, then the United States by 3.63 trillion dollars, and Germany by about 2.31 trillion dollars.
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