The Central Bank of Iraq announces an increase in the cash credit ratio during 2023
The Central Bank of Iraq announces an increase in the cash credit ratio during 2023
2024-04-01 02:33
Shafaq News/ The Central Bank of Iraq announced an increase in the percentage of cash credit to the total deposits of the banking sector in the country during the year 2023, compared to last year.
The bank stated, in a statement received by Shafaq News Agency, that “the percentage of cash credit to the total deposits of the Iraqi banking sector reached (52%) during 2023,” confirming its increase compared to 2022, which recorded (47%), while in 2021 it was around (55%). .
According to the Central Bank of Iraq, although the increase was recorded, it did not exceed the standard percentage specified by this bank, amounting to (75%), indicating that this percentage aims to maintain sufficient liquidity in banks to face customer withdrawals and conduct financial banking activities.
shafaq.com
