Banking in Iraq

Banking in Iraq roots from the beginnings of last century.

Iraq's two state-owned banks are the largest banks in Iraq.

Banking group Established Number of
Branches		 Total Assets
(Iraqi Dinar billion)		 Share of
total
banking system
assets		 Share of
total
banking system
credit		 Share of
total
banking system
deposits
Rasheed Bank 1988 162
Rafidain Bank 1941 147

Read more about Banking In Iraq:  Private Banks, Supervision and Regulation

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    “One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
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