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Central reveals the existence of more than 40 trillion dinars outside the Iraqi banks

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Central reveals the existence of more than 40 trillion dinars outside the Iraqi banks

Unread postby admin » Sun Nov 25, 2018 10:09 am

Central reveals the existence of more than 40 trillion dinars outside the Iraqi banks

Sunday 25 November 2018 01:51 PM

Central reveals the existence of more than 40 trillion dinars outside the Iraqi banks

Baghdad / / ... The Central Bank of Iraq revealed on Sunday that the cash mass outside the Iraqi banks during the month of October last amounted to more than 40 trillion dinars.

"The amount of currency outside banks reached 40 trillion and 723 billion dinars during the month of October," the bank said in its official statistics, which was seen bythe "Iraq News", noting that "this amount increased from September 39, 815 billion and 884 million Dinar".

The bank added that "the highest level of currency outside banks during the past three years was in December 2016, where it reached 42 trillion and 75 billion dinars, while the lowest level of currency during this period in June 2016, which amounted to 35 trillion and 168 billion Dinar".

The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which was considered by the bank to transfer Iraq from the country of trillions to billions, but the project met with great opposition by specialists and politicians in parliament.

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