17 million Iraqis do not have a bank account

[yota691]

Association of Iraqi private banks announces a rise in financial coverage to 22.6%

 

Banks Economy News _ Baghdad The Association of Iraqi Private Banks announced the rise of the financial coverage in Iraq to 22.6% due to the procedures of banks, which was to increase its services to the public through contracting with international financial companies.   In a press release received by Al-Iktissad News, Ali Tariq, executive director of the Association of Iraqi Private Banks, said that "the percentage of financial coverage has increased significantly over the last five years, currently 22.6%, while in 2014 it was 10.9% according to World Bank indicators. Adding that "the high proportion of financial coverage is due to the procedures of Iraqi banks, which was increased services through the settlement of salaries of public and private sector employees and the increase of loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies."  He explained that "the Central Bank and the Association of Iraqi private banks to develop the banking sector through a series of procedures that facilitated the work of banks within the country," noting that "the proportion of financial coverage is measured by the number of Iraqis over the age of 15 years and have bank accounts."  He pointed out that "the number of Iraqi adults who do not have bank accounts of 17.1 million people," explaining that "the central bank to develop a strategy to increase the proportion of financial coverage to reach more than 35% in 2020."  He added that "citizens will open the bank accounts will benefit from the financial services provided by the financial system, which will reflect positively on their own lives through the activation of savings and face the shocks they are in addition to the development of their business," noting that "the high proportion of financial coverage will reduce Cash in the home, which is more than $ 30 billion dollars to move to the banks, which is placed within the control and strengthen the security of the state and stimulate the movement of the economy.

Views 29   Date Added 05/27/2018

[yota691]

Association of private banks announces a rise in financial coverage to 22.6%

 From 2018-05-27 at 12:17 (Baghdad time)

Baghdad - Mawazine News

The Association of Iraqi private banks announced on Sunday that the increase in the financial coverage in Iraq to 22.6% because of the procedures of banks, which was increased services to the public through contracting with international financial companies.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq said in a statement received by "Mawazine News," that "the proportion of financial coverage has increased over the past five years significantly, currently 22.6%, while in 2014, 10.9% according to World Bank indicators" .

He added that "the high proportion of financial coverage due to the procedures of Iraqi banks, which was increased services through the settlement of salaries of public and private sector employees and increase loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies."

He pointed out that "the Central Bank and the Association of Iraqi private banks to develop the banking sector through a series of procedures that facilitated the work of banks within the country," noting that "the proportion of financial coverage is measured by the number of Iraqis over the age of 15 years and have bank accounts."

He pointed out that "the number of Iraqi adults who do not have bank accounts of 17.1 million people," explaining that "the central bank to develop a strategy to increase the proportion of financial coverage to reach more than 35% in 2020."

He explained that "citizens will open bank accounts will benefit from the financial services provided by the financial system, which will reflect positively on their own lives through the activation of savings and face the shocks they face as well as the development of their business," noting that "the high proportion of financial coverage will lead to Reduce the cash in the home, which is more than $ 30 billion dollars to move to the banks, which is placed within the control and strengthen the security of the state and stimulate the movement of the economy. Ending 29 / p

[nannab]

Good morning Yota and DV. 

[Butifldrm]

• economic

Iraq's financial coverage rises to 22.6%

12:14 - 27/05/2018

0

 

  

Information / Baghdad ..

The Association of Iraqi private banks announced on Sunday that the increase in the financial coverage in Iraq to 22.6% because of the procedures of banks, which was increased services to the public through the contract with international financial companies.

"Financial coverage has increased significantly over the past five years, reaching 22.6 per cent in 2014 and 10.9 per cent in 2014 according to World Bank indicators," said Tarek Tarek, Executive Director of the Association.

He added that "the high proportion of financial coverage is due to the procedures of Iraqi banks, which was increased services through the settlement of salaries of public and private sector employees and increase loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies."

He explained that "the Central Bank and the Association of Iraqi private banks to develop the banking sector through a series of procedures that facilitated the work of banks within the country," noting that "the proportion of financial coverage is measured by the number of Iraqis over the age of 15 years and have bank accounts," noting that "The number of Iraqi adults who do not have bank accounts of 17.1 million people," explaining that "the central bank to develop a strategy to increase the proportion of financial coverage to reach more than 35% in 2020."

Tarek stressed that "citizens' opening of bank accounts will make them benefit from the financial services provided by the financial system, which will reflect positively on their private lives through activating savings and facing the shocks they face as well as the development of their businesses." He pointed out that "high financial coverage will lead To reduce the cash in the home, which is more than $ 30 billion dollars to move to banks, which is placed within the control and strengthen the security of the state and stimulate the movement of the economy. Ending / 25

http://www.almaalomah.com/2018/05/27/313106/

[Butifldrm]

17 million Iraqis do not have a bank account

 Twilight News    

 2 hours ago

Shafaq News / The Association of Iraqi private banks, the high proportion of financial coverage in Iraq to 22.6% because of the procedures of banks, which was increased services to the public through the contract with international financial companies. 
The Executive Director of the Association of Iraqi Private Banks, Ali Tariq said in a statement to the twilight News, "The proportion of financial coverage has increased over the past five years significantly, currently 22.6%, while in 2014 it was 10.9% according to World Bank indicators," adding that " The increase in financial coverage is due to the procedures of Iraqi banks, which was increased services through the settlement of salaries of employees of the public and private sectors and increase loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies.
He explained that "the Central Bank and the Association of Iraqi private banks to develop the banking sector through a series of procedures that facilitated the work of banks within the country," noting that "the proportion of financial coverage is measured by the number of Iraqis over the age of 15 years and have bank accounts." 
He pointed out that "the number of Iraqi adults who do not have bank accounts of 17.1 million people," explaining that "the central bank to develop a strategy to increase the proportion of financial coverage to reach more than 35% in 2020."
He added that "citizens will open the bank accounts will benefit from the financial services provided by the financial system, which will reflect positively on their own lives through the activation of savings and face the shocks they are in addition to the development of their business," noting that "the high proportion of financial coverage will reduce Cash in the home, which is more than $ 30 billion dollars to move to the banks, which is placed within the control and strengthen the security of the state and stimulate the movement of the economy.

Keywords:

 

http://www.shafaaq.com/ar/Ar_NewsReader/dd49f83c-551c-4904-8d76-60dda45b2994

[yota691]

17 million Iraqis do not have a bank account

Readers

 

 

17 million Iraqis do not have a bank account

 

27-05-2018 02:52 PM

 

The Euphrates -

 

The Association of Iraqi Private Banks announced a rise in the percentage of financial coverage in Iraq to 22.6% because of the procedures of banks, which was increased services to the public through the contract with international financial companies. 
The Executive Director of the Association of Iraqi Private Banks, Ali Tariq in a press statement that 'the proportion of financial coverage has increased over the past five years significantly, currently 22.6%, while in 2014 it was 10.9% according to World Bank indicators,' adding that 'high coverage Financial return to the procedures of Iraqi banks, which was increased services through the settlement of salaries of employees of the public and private sectors and increase loans granted and contracting with international companies such as MasterCard and Visa Card and increase the number of electronic payment companies. 
He explained that 'the Central Bank and the Association of Iraqi private banks to develop the banking sector through a series of procedures that facilitated the work of banks within the country', indicating that 'the proportion of financial coverage is measured by the number of Iraqis over the age of 15 years and have bank accounts'. 
He pointed out that 'the number of adult Iraqis who do not have bank accounts of 17.1 million people,' explaining that 'the central bank to develop a strategy to increase the proportion of financial coverage to reach more than 35% in 2020'. 
He added that 'citizens will open the bank accounts will benefit from the financial services provided by the financial system, which will reflect positively on their own lives through the activation of savings and face the shocks they face as well as the development of their business,' noting that 'the high proportion of financial coverage will reduce Cash in the home, which is more than 30 billion dollars to move to the banks, which is placed within the control and strengthen the security of the state and stimulate the movement of the economy. 

[navira]

Watch what the CBI will do as their last ditch effort to get the citizens to open and deposit their money into the banks...u probably guess what iam trying to say....yup....offer incentives and raise the value of the dinar.

[navira]

Or the CBI can declare to the citizens mandatory of opening bank accounts and give timeframe to exchange their high notes into lower notes before declaring high notes void..gotta be tough on these citizens to get their money to surrender to the banks

[Jaygo]

14 minutes ago, navira said:

Watch what the CBI will do as their last ditch effort to get the citizens to open and deposit their money into the banks...u probably guess what iam trying to say....yup....offer incentives and raise the value of the dinar.

 

“We will give you 1-1 on the USD that you have in your mattress, but ONLY until you open a checking account.” 

[yota691]

15 minutes ago, navira said:

CBI can declare to the citizens mandatory of opening bank accounts

If they want some of the distribution of money from oil % they have no choice but to open an account....

[Integrativedoc]

2 minutes ago, yota691 said:

If they want some of the distribution of money from oil % they have no choice but to open an account....

And that's exactly what Sadr may trigger

[Pitcher]

They don’t trust the government and the banks. Their back is their mattress.

[Floridian]

1 hour ago, navira said:

Or the CBI can declare to the citizens mandatory of opening bank accounts and give timeframe to exchange their high notes into lower notes before declaring high notes void..gotta be tough on these citizens to get their money to surrender to the banks

 

Declaring high notes void?

I don't think so, because then our notes would be void too.

[jeepguy]

They probably fear that the government will be toppled again , keep money close incase of emergency, ----. Now what sadr needs to do ( in my opinion like others here )  initiate the gas and oil sharing  , then post in the gazette , after the H-C-L is up and running,  all iraqi citizens sign the bank account documents ...then after citizens see no one is shot or relieved of their money , but see prosperity  , then the non believer will start depositing cash ...

[ChuckFinley]

28 minutes ago, jeepguy said:

They probably fear that the government will be toppled again , keep money close incase of emergency, ----. Now what sadr needs to do ( in my opinion like others here )  initiate the gas and oil sharing  , then post in the gazette , after the H-C-L is up and running,  all iraqi citizens sign the bank account documents ...then after citizens see no one is shot or relieved of their money , but see prosperity  , then the non believer will start depositing cash ...

He stated that he wants to get it done.  

[Laid Back]

- Half of the Iraqi population without bank account

- More than $30 billion dollars in chunky cash

 

I would like to see what kind of incentive the CBI will offert to citizen to open bank accounts and bring the chunky cash

 

In my opinion the easiest way to Dedollarize the country and get the chunky cash, is giving the dinar a equal or higher value than the dollar

 

Still work to do.

 

Go CBI

Go financial inclusion

Go e-banking

Go RV

Go $1:1+

Edited May 27, 2018 by Laid Back

[Donziman]

30 billion in homes of iraq. Wondering how many billions in homes around the world ?

[pokerplayer]

 

 

 

1 hour ago, Laid Back said:

- Half of the Iraqi population without bank account

 

 

 

 

Offer them up a toaster oven. Worked for me.  LOL     

 

pp

Edited May 27, 2018 by pokerplayer

[Laid Back]

28 minutes ago, pokerplayer said:

 

 

 

 

 

Offer them up a toaster oven. Worked for me.  LOL     

 

pp

pp, 😂😂😂👍🏻

[Pitcher]

Now that is funny, mostly because I got a free alarm clock in 1969.  😂

[10 YEARS LATER]

7 hours ago, Pitcher said:

They don’t trust the government and the banks. Their back is their mattress.

 

Hmm - " 1st Mattress Bank of    ( name of town here )        "   Yep, I can see that.

[Wiljor]

2 hours ago, pokerplayer said:

 

 

 

 

 

Offer them up a toaster oven. Worked for me.  LOL     

 

pp

 

1 hour ago, Pitcher said:

Now that is funny, mostly because I got a free alarm clock in 1969.  😂

🤣🤣🤣 I got a key chain back in the day 

[Pitcher]

Ha, didn’t proof that post very good.  It’s not back haha. 

[stangernan]

7 hours ago, Pitcher said:

They don’t trust the government and the banks. Their back is their mattress.

 

13 minutes ago, 10 YEARS LATER said:

 

Hmm - " 1st Mattress Bank of    ( name of town here )        "   Yep, I can see that.

Hope they protect their chunky money in the mattress's from being eaten......Their bedfellow sheep ain't

' there for counting...........   

[10 YEARS LATER]

43 minutes ago, stangernan said:

 

Hope they protect their chunky money in the mattress's from being eaten......Their bedfellow sheep ain't

' there for counting...........   

 

Girls, Girls, Girls !