Tuesday, June 20, 2017


Apmcrx:  78% of the Iraqi currency outside the banking system

Mon, 19 Jun 2017 07:48:50
The economist revealed the name of Jamil Antoine, Monday, that the proportion of 78% of the Iraqi currency is outside the banking system, while it is clear that the Iraqi citizen does not trust the systems of those banks, which suffered a lot.

Antoine said that "the printed currency in Iraq exceeds 44 trillion dinars, which is located in banks only 22%." He pointed out that "78% are outside the banking system and these figures belong only to the Iraqi dinar and does not include other work such as dollars and others."

The economic expert, "The existence of this large proportion of funds outside the banks due to the weak relationship and trust between citizens and the systems of those banks," noting that "the citizen has been caught by the fire of those banks where it is difficult to get his money again."


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