Iraq Interest Rates

The Iraqi economy with a population of 36 million (Est 2014) ranks 49th in the world with a GDP PPP of 257 billion and GDP PPP per capita of 7,391 vs 53,101 (United States) according to the IMF in 2013. The national currency is issued by the Central Bank of Iraq (www.cbi.iq) which is the Iraqi dinar (IQD). Within the country fixed term and interest rate accounts are called 'time deposits'. The CIA.gov estimates that the inflation rate was 2% in 2013 and 6.1% in 2012.

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Iraq Banks

Showing rates for 6 Bank deposit providers in Iraq.
Bank Branch Founded Ownership
Rafidain Bank Rafidain Bank 162 1941 Local
Warka Bank Warka Bank 130 1999 N/A
Bank of Baghdad Bank Of Baghdad 40 1992 Foreign
Trade Bank of Iraq Trade Bank Of Iraq 16 2003 Local
National Bank of Iraq National Bank Of Iraq 8 1995 Foreign
Agricultural Cooperative Bank of Iraq Agricultural Cooperative Bank Of Iraq 1935 Local

Iraq Discussion Activity

  • Bank Of Baghdad - Deposits - Bank Of Baghdad 1 Year USD Fixed Deposit
    Q: What would be the profits on 5000 us dollars on monthly basis

    Muhammed from Karachi, Pakistan
  • Bank Of Baghdad - Deposits - Bank Of Baghdad 1 Year USD Fixed Deposit
    Q: Can we open term Deposit account in national bank of iraq krbla branch

    Muhammad from Karachi, Pakistan
  • Rafidain Bank
    Q: Are the monetary reforms making progress and do you offer visa or master cards? If so what rate does the dinar compare to the us dollar? Thank You. Randy USA

    Randy from Lewistown, United States
  • Rafidain Bank
    Q: can you confirm the loan for iraqi citizens recently announced... please provide me with more information on any loan that al rafidain might give. thank you.

    Ahmed from Iraq
  • Rafidain Bank
    Q: I have been following the progress of your country for many years and see the great milestones being made. I have a question to whom of it may concern in the CBI, do you feel that with the new monetary reforms coming and the support from the IMF the value of the Dinar will increase in value? I'm sure its a question many have asked and I do not know if you can answer the question directly so just your thoughts would be appreciated My second question is about opening an account. Would that be done in United States dollars or Iraqi Dinar Thank you Greg USA

    greg from Ashburn, United States
  • Warka Bank
    Q: I have an account at your bank since 2010. I have not been able to get a response from anyone. My credit card expired in January 2016 how do I get a new on and find out if my money is still there?

    Daniel from Fort Smith, United States