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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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    A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq

    Rocky
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    A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq Empty A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq

    Post by Rocky Fri 08 Nov 2024, 4:36 am

    A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq

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    Economy News - Baghdad
    [rtl]Prime Minister Mohammed Shia al-Sudani issued a set of recommendations today, Friday, to reform the financial and banking system in Iraq.[/rtl]
    The Prime Minister's media office stated in a statement received by "Al-Eqtisad News" that "within the framework of efforts to reform the financial and banking system, as one of the priorities of the government program, Al-Sudani directed a number of steps to be taken in this regard:
    1. Increasing the number of bank branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity, and providing their basic requirements.
    2. The necessity for all banks in the governorates to adopt modern technologies such as online banking services and mobile applications, which facilitates citizens’ access to their banking services easily. 
    3. Emphasizing to banks the importance of developing their financial services to suit the needs of individuals and small businesses, such as soft loans and savings accounts. 
    4. Enhancing financial inclusion in the governorates by providing banking services to different segments of society, including districts and sub-districts in villages and rural areas. 
    5. Launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest money properly. 
    6. Organizing workshops to train young entrepreneurs and local businessmen on how to deal with loans and financial services.
    The statement explained, "The Ministry of Finance, the Central Bank of Iraq, and the Iraqi Private and Islamic Banks Associations will coordinate with the governors' offices to accomplish the above tasks according to their jurisdiction and responsibility, and submit quarterly reports (every three months) to the Prime Minister's Office regarding the progress of work regarding the steps mentioned above." 
     


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