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Al-Hanthal: We seek to reach a 60% financial inclusion rate by 2025
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Economy News - Baghdad
The head of the Iraqi Private Banks Association, Wadih Al-Handhal, confirmed today, Saturday, that there are efforts to reach a rate of 60% in financial inclusion operations in Iraq by 2025.
Al-Handhal said at the electronic payment conference held by the Prime Minister’s Office in cooperation between the Central Bank and the Iraqi Private Banks Association: “Financial inclusion in Iraq has increased by 48.5 percent during the current year.”
He added: "We seek to reach 60% during the next year in financial inclusion operations," indicating that "we always emphasize that change is taking place from the higher authority represented by the Prime Minister and his office."
Al-Hanthal stressed: “The necessity of including financial inclusion in the curricula, starting from the primary grades and reaching universities, to know its details, practice it, and be informed about it.”
He pointed out the "necessity of including financial inclusion in the curricula, starting from primary grades and up to universities, to know its details, practice it and learn about it."
The head of the Private Banks Association continued: “We have to train, then train, then train, then develop the infrastructure.”
He explained that "the number of bank accounts in 2020 reached 6 million and reached 13 million accounts in 2023."
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Added 09/14/2024 - 12:33 PM
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Economy News - Baghdad
The head of the Iraqi Private Banks Association, Wadih Al-Handhal, confirmed today, Saturday, that there are efforts to reach a rate of 60% in financial inclusion operations in Iraq by 2025.
Al-Handhal said at the electronic payment conference held by the Prime Minister’s Office in cooperation between the Central Bank and the Iraqi Private Banks Association: “Financial inclusion in Iraq has increased by 48.5 percent during the current year.”
He added: "We seek to reach 60% during the next year in financial inclusion operations," indicating that "we always emphasize that change is taking place from the higher authority represented by the Prime Minister and his office."
Al-Hanthal stressed: “The necessity of including financial inclusion in the curricula, starting from the primary grades and reaching universities, to know its details, practice it, and be informed about it.”
He pointed out the "necessity of including financial inclusion in the curricula, starting from primary grades and up to universities, to know its details, practice it and learn about it."
The head of the Private Banks Association continued: “We have to train, then train, then train, then develop the infrastructure.”
He explained that "the number of bank accounts in 2020 reached 6 million and reached 13 million accounts in 2023."
Views 27
Added 09/14/2024 - 12:33 PM
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