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Chairman of the Private Banks Association: We have registered more than 13 million accounts and we seek to increase the rate of financial inclusion in Iraq
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[rtl]Baghdad / NINA / The Iraqi Private Banks Association confirmed that there are efforts to reach a rate of 60% in financial inclusion operations in Iraq during the next year 2025.
The head of the association, Wadih Al-Handhal, said, during a dialogue session of the activities of the Electronic Payment Conference towards Financial Stability in Iraq, which was launched today, Saturday, in the capital, Baghdad, that "the rate of financial inclusion in Iraq has increased since the beginning of 2024 until last July by 48.5% during the current year."
He added, "We seek to reach 60% during the next year in financial inclusion operations," indicating that "the number of bank accounts in 2020 reached 6 million accounts, and reached 13 million accounts in 2023."
He spoke about the necessity of including financial inclusion in school curricula, starting from the primary grades and reaching universities, to know its details, practice it and learn about it, and we also have to train, then train, then train, then develop the infrastructure," stressing that the change is taking place from the Supreme Authority represented by the Prime Minister and his office. / End 5
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The head of the association, Wadih Al-Handhal, said, during a dialogue session of the activities of the Electronic Payment Conference towards Financial Stability in Iraq, which was launched today, Saturday, in the capital, Baghdad, that "the rate of financial inclusion in Iraq has increased since the beginning of 2024 until last July by 48.5% during the current year."
He added, "We seek to reach 60% during the next year in financial inclusion operations," indicating that "the number of bank accounts in 2020 reached 6 million accounts, and reached 13 million accounts in 2023."
He spoke about the necessity of including financial inclusion in school curricula, starting from the primary grades and reaching universities, to know its details, practice it and learn about it, and we also have to train, then train, then train, then develop the infrastructure," stressing that the change is taking place from the Supreme Authority represented by the Prime Minister and his office. / End 5
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