Central: The cash mass outside the banks is more than 39 trillion dinars
The Central Bank of Iraq revealed on Monday the amount of cash mass outside the Iraqi banks, pointing out that it is more than 39 trillion dinars.
The bank said in an official statistic it was briefed by Alsumaria News that “the amount of currency outside the banks amounted in January of 2019 by 39 trillion and 796 billion and 700 million dinars,” noting that “this amount fell from the month of December of 2018, which amounted to 40 Trillion and 498 billion and 67 million dinars. ”
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 the month of February of 2004, which amounted to 5 trillion and 431 million Dinar”.
The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer Iraq from the country of trillions to billions, that the project was met with great opposition by the specialists and politicians in parliament.