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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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    The conclusion of the activities of the Financial Inclusion Week in Iraq

    Rocky
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    The conclusion of the activities of the Financial Inclusion Week in Iraq Empty The conclusion of the activities of the Financial Inclusion Week in Iraq

    Post by Rocky Tue 09 May 2023, 4:45 am

    The conclusion of the activities of the Financial Inclusion Week in Iraq

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    Economy News _ Baghdad
    Under the supervision of the Central Bank and the Association of Private Banks, the activities of the Financial Inclusion Week, which were held throughout Iraq, were concluded, with the large participation of banks, electronic payment companies and financing companies. 
    The Financial Inclusion Week is held in all Arab countries in coordination with the Arab Monetary Fund, and aims to raise awareness of the importance of the banking sector. It includes various activities such as conferences, workshops, seminars, and awareness and education campaigns. Financial and governmental institutions, non-governmental organizations, and members of civil society participate in these events.
    Financial inclusion is the provision of financial services to all without exception, including the poor and marginalized groups, including bank accounts, insurance, loans and other services. Financial inclusion aims to promote economic development and improve the country's economic climate.
    During these events, which were held in the governorates of Baghdad, Basra, Erbil, Sulaymaniyah, Kirkuk, Maysan, Babel, and Nineveh, commercial centers, businessmen, students, entrepreneurs, and others were targeted, as citizens were able to open bank accounts and benefit from the services provided by banks with regard to electronic cards, loans and money transfers. and others.
    Ali Tariq, Executive Director of the Association of Private Banks, said that the Financial Inclusion Week is an annual event that takes place in many countries around the world, and has many positive effects on societies, including promoting economic and social development, improving the standard of living for individuals and societies, increasing employment opportunities and improving the situation. economy for poor families and groups.
    He pointed out that promoting investment and economic development of countries, improving financial governance and contributing to reducing financial corruption, improving access to financial services and insurance for the neediest groups, such as the poor and marginalized groups, women and youth, and enhancing financial and economic stability for individuals and societies.
    He pointed out that it can be said that financial inclusion contributes significantly to improving the economic and social condition of individuals and societies.
    For his part, the banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusiri, stated that, in light of the program prepared by the Association of Al-Sarif, the activities of the Arab Financial Inclusion Week were launched in conjunction with its launch in all Arab countries, including Iraq, indicating that the Iraqi banking sector has achieved a wide spread at the level Opening bank accounts and spreading in banking services.
    He added that the celebration of financial inclusion included holding festivals and events to spread the banking culture, and during this year the financial inclusion strategy will be launched, whose features began in 2016, and many of them have been achieved at the level of achievements in the issue of spreading banking culture, as the World Bank reports indicate that Iraq has made a leap in inclusion The financial ratio increased from 11% to 33.5%, which is a good percentage compared to regional countries that practice the same activity. We hope that these activities will continue with great success according to the program prepared for them.
    The Dean of the Faculty of Business Economics at Al-Nahrain University, Dr. Nagham Hassan Nima, said that the university used to hold this event annually because of partnership relations with the Association of Iraqi Private Banks and the Central Bank of Iraq.
    She noted that this day represents an important thing to learn about the distinguished services provided by banks, electronic payment companies and project financing companies, and how to pave the way for students after their graduation to work in banking institutions.
    The Director of Relations of the Islamic World Bank, Omar Al-Agha, explained that according to the directives of the Central Bank of Iraq and with great support from the Association of Iraqi Private Banks, we have established financial inclusion activities to familiarize all members of society with the work of the bank by presenting the various services provided to them.  
    And he indicated that in the last five years, financial inclusion has begun to mature in Iraq through the citizen's understanding and awareness of banking services and how to use electronic payment tools.
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