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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Shammari: financial inclusion system key to economic development

    Rocky
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    Shammari: financial inclusion system key to economic development Empty Shammari: financial inclusion system key to economic development

    Post by Rocky Thu Oct 27, 2016 9:26 am

    Shammari: financial inclusion system key to economic development
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    Economy News / Baghdad ...



    Said the International Federation of Arab Bankers member d. Sadiq al-Shammari, said the reality of the economy requires the adoption of comprehensive national strategy to promote financial inclusion, as well as donors and financial services makers should promote financial inclusion to ensure the availability of services to all individuals, including the owners of limited income.
    Al-Shammari said in an interview for "Economy News" that the financial inclusion requires the availability of the ability of individuals and businesses for financial services and use them effectively and in a responsible manner, knowing that 38 percent is equivalent to two billion people in the world do not reach them formal financial systems and Aeetmton ability to obtain to formal financial services in accordance with the specialized international data centers.
    He pointed out that the experience of the newly begun towards implementing strategies financial inclusion in the country and was the Iraqi Central Bank's role in this aspect where he initiated the granting of a loan of $ 5 billion, "6.5 trillion dinars" to promote financial inclusion strategy in the Iraqi economy.
    He noted that the mainstream financial services plays a major role in achieving the goals of sustainable development, which requires the promotion of access to formal financial services through banks, various financial institutions to the various segments of society from individuals and institutions businessman means and conditions of appropriate and affordable to promote financial stability and economic, social and overall development.
    He said the small and medium enterprises and micro positively affected financial inclusion as a result of the spread of banking services, and circulated to individuals and institutions where the diversity of the needs of consumers, thereby increasing the types of goods and services produced. As well as a rise in the consumer's ability to purchase, which leads to increase sales by creating new markets.
    He continued, including that financial inclusion is an important dimension in the comprehensive and sustainable development strategy because of its impact in improving the opportunities for growth and financial and social stability, and it should work on the delivery of all financial services to all slides, including the poor and with limited income and promised to key sectors of the banks clients, and to be fair dealing and transparency the pricing of services. 


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