Interest rate on bank loans reached 12.6% in second quarter of 2014 in Iraq, according to the National Central Bank. This is 0.811% less than in the previous quarter.
Historically, interest rate on bank loans in Iraq reached an all time high of 21.2% in 1Q2008 and an all time low of 12.6% in 2Q2014.
Iraq has been ranked 42nd within the group of 116 countries we follow in terms of interest rate on bank loans.
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