The White House, President George W. Bush Click to print this document

For Immediate Release
March 18, 2004

Private Banks Operate in Iraq
Iraq Fact of the Day

Iraq is making progress towards a competitive, market-based financial system. Today, Iraqis have a range of banking options -- 19 private banks with 140 branches across the country, and 315 state-owned bank branches that have reopened since liberation. A modern banking system will support a new market economy and economic prosperity in Iraq.

Source: Coalition Provisional Authority, Baghdad.

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