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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Arab interest in financial coverage

    Rocky
    Rocky
    Rocky
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    • Post n°1

    Arab interest in financial coverage Empty Arab interest in financial coverage

    Post by Rocky Sat 28 Apr 2018, 2:31 am

    Arab interest in financial coverage

       


    28/4/2018 12:00 am 

    [rtl]Capitals / follow-up morning

    Positive effects of enhancing the concept of financial inclusion in societies in support of economies at the level of the state, including meeting the needs of all groups of society and supporting citizens financially, as well as meeting the requirements of savings and loans, financial and banking services, reducing unemployment and empowering young people and entrepreneurs, Enhancing economic and economic recovery.
    The enhancement of financial inclusion in our Arab countries is of particular interest to policy makers in the light of the great need to support sustainable and comprehensive economic development that helps meet the challenges of unemployment and social justice. Arab World. 
    Financial coverage is simply that banking services are accessible to all groups of society in an easy, fast and affordable manner without recourse to savings, borrowing, insurance or other informal financial services that are not subject to any supervision or supervision. 
    The Arab Day for Financial Inclusion aims to contribute to raising awareness and introducing financial comprehension and requirements in Arab countries and related issues, policies and programs. 
    According to the latest statistics issued by the International Monetary Fund, the size of the informal economy in the Arab world about 65 percent of the total macroeconomic value of 1.8 trillion pounds, equivalent to 102 billion dollars, 44 percent of GDP, which is strongly reflected in small and medium enterprises. 
    The application of "financial inclusion" requires conducting studies on the available financial services and their suitability to the needs of the various groups of society, as well as the services to be applied in the future. This is what the Arab Monetary Fund (AMF) sought from the Arab Financial Inclusion Meeting yesterday to promote the concept at the international Arab level.
    The central banks of countries are the main supporters of the application of the principle of "financial inclusion" by establishing rules and legislations to facilitate banking transactions in all their forms and to approve the provision of simplified financial services such as the use of mobile phones in electronic payments. Banks play an important role in achieving the principle of financial inclusion , By attracting groups that do not have banking transactions, by creating new financial products based on savings, insurance and means of payment, not just on lending and financing. In addition to the reduction of unjustified fees and commissions imposed on customers and inappropriate financial services that are paid in exchange for paying customers commissions, as well as taking into account the circumstances of customers and not burdened with loans. 
    Expanding the application of financial inclusion services requires the establishment of a network of financial service providers' branches and attention, and the establishment of small offices to finance  
    microenterprises.[/rtl]




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    Rocky
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    Posts : 280553
    Join date : 2012-12-21
    • Post n°2

    Arab interest in financial coverage Empty Arab Day for Financial Inclusion

    Post by Rocky Sat 28 Apr 2018, 2:36 am

    Arab Day for Financial Inclusion

       


    26/4/2018 12:10 am 

    [rtl]Dr. Bassem Al-Brahimi 
     Three years ago, the Arab countries celebrate the Arab Day for Financial Inclusion, which was set on April 27, coinciding with the founding day of the Arab Monetary Fund. The festivities usually take place over a period of several days. In addition to holding seminars and educational programs on the subject. It is customary to focus during the celebrations on the target chosen by the regional team of the Arab Monetary Fund. Youth and entrepreneurs to financial services).
    The concept of financial inclusion includes the ease of access to financial services at the lowest cost by all segments of society. This topic is today an important step that many countries are working to achieve through the development of studies and strategies related to the subject because of its many objectives, especially the promotion of economic growth and thus reducing unemployment Increase income.
    The work of the Central Bank of Iraq during the past year to form a team for financial inclusion to prepare a draft strategy for the subject for the years 2018-2020 has been completed and work on implementation since the beginning of this year to reach the President's goal is to increase the proportion of financial coverage in Iraq from 11% To 20% as a first stage. In addition, it was agreed with the Arab Monetary Fund to provide the necessary technical support to build a long-term strategy that includes several objectives to cover the financially excluded members of the society. This is a major role in promoting economic growth. International financial data for a large sample of countries that have implemented the concept of financial inclusion, which today more than eighty countries.
    In order to achieve the goal of financial inclusion and the celebration of its activities, financial awareness and economic information play an important role in this context. Recent research indicates that individuals' awareness of financial issues is a factor in the success of financial coverage regardless of the level of progress of their countries. With adequate support through the contribution of all media to the coverage of its activities.[/rtl]


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