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Iraqi Dinar 123 News :- It was announced by the expert economists that the bank deposit in Iraq are equal to 70 trillion dinars. These deposits are for the use of the government and private sectors for the growth of the country for the revival of the economic system.

After purchase of 36 tons of gold, the worth of dinar increased in local market of Iraq. That's why the deposits in government and private bank are increasing with the every passing day. The private association executive director Abdul Aziz al Hasoon told that the volume of cash deposited has grown this year to about 70 trillion Iraqi dinars.

During the banking conference held in Baghdad the Deposit Insurance Act was approved. It was seen that most people find it hard to invest their savings with banks due to the unstable conditions of Iraq. Iraq has been unstable socially, economically, politically and financially since long. The security issues of the country have also been a big cause to different things.

MP Aziz Shareef al-Mayahi said that The central bank's decision requiring the banks to deposit all their money in the Central Bank as a condition for entry into the auction to buy the currency, began its results reflected clearly on the rise in the dollar exchange rate suspiciously.