Clare  

Article:   “Iraqi banking system..A significant increase in the number of bank accounts and the volume of deposits for citizens”  Quote:  “The banking system in Iraq is gradually regaining citizens’ confidence…In Iraq, economic and political challenges over the decades have provided a strong justification for keeping money at home rather than in banks.  However, the accession of the Iraqi Deposit Insurance Corporation (ICDI) to the International Association of Deposit Insurers was a decisive step in improving confidence in the banking system. Since its accession, Iraq has witnessed a significant increase in the number of bank accounts and the volume of deposits...This development enhances Iraq’s ability to attract investment and support economic growth by converting savings into productive investments.”