Increase in Cash Ratio for Iraqi Banking Sector

The Central Bank of Iraq (CBI) has announced that the cash credit ratio to total deposits in the Iraqi banking sector reached 52 percent in 2023, marking an increase from 47 percent in 2022; it was approximately 55 percent in 2021.

Despite the rise, the Central Bank noted that the ratio did not exceed the standard threshold set by the bank at 75 percent. Banks are required to maintain sufficient liquidity to handle customer withdrawals and conduct banking activities.