The CBI quietly encouraged loans by the private banking system in Iraq and it worked big time! The credit granted to the public during the first half of 2022 reached $2.53 billion U.S dollars at a rate of around 7% interest. Deposits increased around $5.69 billion…bring the total deposits in the banking sector to $73 billion…You see everyone in Iraq is not broke. The assets in banks grew to 112 billion…things are happening in Iraq for the good. This has happened even with the protests, the political crisis and Iraq not being able to form a government… [post 2 of 2]
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