Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Al Nusairi stresses the need for strategic partnerships between electronic payment companies and banks to achieve financial coverage


yota691
 Share

Recommended Posts

Financial Inclusion Week

Monday 08 April 2019 50

Financial Inclusion Week

 
Mohamed Sherif Abu Maysam 
 

On the 25th of this April, the Financial Inclusion Week will be launched as part of a program aimed at reaching banking services to all citizens across the country and to various community groups. 

It seems that the relevant authorities prepared the preparations for an economic demonstration over the course of the week, which includes activities that promote the new banking products and contribute to the delivery of services easily and promote banking awareness, and thus contribute to enhance confidence between working banks and the general public to a stage in which the culture of saving in the hope of withdrawing The cash-strapped mass into the banking arena. 
Financial inclusiveness means creating more opportunities for the public to access banking services, making the financial trading arena accessible to all, and a stimulating environment for withdrawing the accumulated cash mass through the provision of various financial services through the Sharia channels represented by banks and other financial institutions, ensuring that non-official means of trading and transactions Unregulated and supervised finances, which often expose the public to cases of extortion and extortion.
Many countries in the world have resorted to similar programs of financial inclusion in order to achieve the goals of sustainable development through an endless function when reaching the targets. Financial institutions are committed to providing the best services and creating more banking products that satisfy customers and encourage them to deal with them continuously.
Because the financial coverage is directed by the relevant official bodies, especially the Central Bank, it is necessary to use this week to review the vocabulary of the annual financial coverage program, which has been in operation since 2016, and not only the manifestations of the celebration, And the introduction of technologies in banks operating in the country. 
Since there is no real financial coverage without standards of measurement, what is the benefit of introducing technologies in banking unless it is reflected in the rates of deposits and credit rates? And what is the benefit of conferences, training workshops, disbursements and development workshops, unless this is reflected in the rates of dealing with the public? Salary settlement of bank employees unless reflected in current account opening rates for the general public? What can be said about public protection unless the public receives fair and transparent treatment in proceedings that are still complex and routine in government banks in particular?
  • Like 2
  • Upvote 5
Link to comment
Share on other sites

So,...... getting the 'cash strapped masses' into the banking services arena with a Natural Resource Backed Currency, ie the CBI in control of a new rate?!?! Yes?!??!! Four great questions make up the last paragraph starting with"Since there is no real financial coverage...." The CBI can put real significance to this celebration🎊🎉📈😄

  • Like 1
  • Upvote 5
Link to comment
Share on other sites

  • yota691 changed the title to Rafidain offers its financial services from advances and loans within the week of financial coverage tomorrow
 
14767.jpg
 
  

 Banks


Economy News _ Baghdad

Rafidain Bank is preparing to present its activities and financial services from advances and loans to citizens and employees at the Faculty of Management and Economics University of Baghdad on Thursday, within the framework of the week of financial inclusion. 
"The bank will participate in the financial coverage activities which will start on Thursday at 9 am and will present its financial activities from advances, loans and other services," the bank's information office said in a statement. 
Called the statement, the media to "participate and cover this important event."


Views 36   Date Added 04/24/2019

 
  • Like 1
  • Upvote 4
Link to comment
Share on other sites

 Rafidain tomorrow will offer its financial services from advances and loans

2019/4/24 9:05

http://alforatnews.com/modules/news/article.php?storyid=196118

image.png.d8b88546b4acbaf44954bfae514e0721.png

Rafidain Bank is preparing to present its activities and financial services from advances and loans to citizens and employees at the Faculty of Management and Economics at the University of Baghdad, on Thursday within the framework of the week of financial inclusion.
 
"The bank will participate in the financial coverage activities, which will start on Thursday at 9 am and will display its financial activities from advances, loans and other services," the bank's information office said in a statement received by the Al-Furat News. The bank called on "the media to participate and cover this important event.

Edited by 6ly410
  • Like 1
  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

  • yota691 changed the title to Today the start of the activities of the Iraqi financial inclusion

Today the start of the activities of the Iraqi financial inclusion

 
Baghdad / Hussein Thugb 
 
 
The activities of the Week of Financial Inclusion coincide with its effectiveness in the Arab countries organized by the Central Bank of Iraq and the Association of Iraqi Private Banks under the slogan "Financial Inclusiveness Towards Achieving Sustainable Development" for the period from 25 to 30 April 2008. It is witnessing the establishment of events involving all banks and electronic payment companies to spread the banking culture To the public.
General Manager of Payments Doha Abdul Karim stressed the importance of the week of financial coverage, which coincides with the week of Arab financial inclusion, which the Central Bank attaches special importance to the promotion of this principle; in order to access banking services to the largest segment of citizens. The transfer of salaries to bank accounts of employees, which are based on the ease of receipt and withdrawal of salaries through payment channels available / branches of banks, ATMs, points of sale. 
"Financial inclusion leads to the enjoyment of many advantages of bank accounts, the ability to access facilities and bank loans, as well as the provision of travel cards to pay expenses abroad within the exchange rate of the currency window without the risk of carrying and using cash abroad.
 
Expand sharing 
The director of administration and training in the Association of Iraqi private banks, Ahmed Tareq al-Hashemi, said that "the financial inclusion week for this year will be distinct from previous years through the establishment of events in schools and public universities and private colleges, as well as in the malls and cultural center Baghdadi Center Al-Mutanabi and public places in the capital Baghdad, as well as activities in all Iraqi provinces to branches of banks operating in the province.
 
Plans and strategies
Pointed out that "the Association of Iraqi private banks in cooperation with the Central Bank of Iraq will organize a workshop for government and private banks and electronic payment companies to explain the mechanism to develop plans and strategies for the achievement of financial inclusion in the coming years."
He added that the Central Bank and the Association of Private Banks are directly supervising the organization of the week of financial inclusion, which will be launched in conjunction with Arab countries, "noting that" Iraq wants to increase the number of customers with the banking sector to a large proportion because it will make citizens enjoy banking services available to the public of loans and electronic payment And others.
 
A turning point
Chairman of the Board of Directors of the Bank of the South of the Islamic Ali Faleh al-Zaidi stressed that "Iraq is in a phase of transition from monetary transactions to electronic and this stage is very cautious, and must be dealt with in special ways, it must work to create a culture of accepting electronic transactions with the elements of security and confidence It guarantees rights "
He said: "Iraq is a rich country and must keep pace with financial transactions all the developments witnessed by the financial sector internationally, and this is becoming aware of local banks and working to adopt the joints."
 
Financial instrument
"The Financial Week is an opportunity to increase the public's knowledge of the different banking products that are changing their lives to a better stage, taking advantage of what the financial institution offers to its banks and specialized companies," he said.
He pointed out that "the reality of financial inclusion has become the attention of many of the specific entities, which the citizen is interacting with them significantly after the settlement of salaries and the speed of interaction with the community e-payment cards that accompanied the life of the citizen for nearly 10 years, including the card card National" 0
He pointed out that "working according to the instructions of the Iraqi Central Bank and partners from the public sector made the work of this company, which represents a mixed sector, acceptable to continue to provide new, which supports the trends of financial inclusion that benefit the national economy and the family.
 
Promote competitiveness
Executive Director of the Islamic Bank Suha Al-Kafai stressed that "a week represents an important stage for all local banks, which have a double responsibility to reach the citizen."
She pointed out that "the expansion of the activities of inclusion is possible after the interaction of a large segment of the community with banking products, especially as the bank is offering many products that support the family economy," pointing out that "This fact leads to the promotion of competition among everyone in the banking system, Activity of banks and proximity to the citizen "
 
Savings and loans
"Financial coverage requires a wide range of services to the public, including bank accounts, savings, short and long term loans, financial leasing, mortgages, insurance, salaries, local and international financial payments and retirement plans, as well as protection of the problem and promotion," said Ali Jawad Mohammed, Financial capacity of the family economy ". 
"The citizen has to touch the benefit of financial coverage during the days of this week, which permeates the economic life of the family and the national economy by relying on financial services provided by banks and financial companies, and stand at the successful global experiences in this important chapter and how managed Some economies achieve important successes through inclusiveness Financial. "
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

1 minute ago, yota691 said:

It is witnessing the establishment of events involving all banks and electronic payment companies to spread the banking culture To the public.

 

2 minutes ago, yota691 said:

pay expenses abroad within the exchange rate of the currency window without the risk of carrying and using cash abroad.

 

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

3 minutes ago, yota691 said:
"Iraq is a rich country and must keep pace with financial transactions all the developments witnessed by the financial sector internationally, and this is becoming aware of local banks and working to adopt the joints."
  

 

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

"The citizen has to touch the benefit of financial coverage during the days of this week, which permeates the economic life of the family and the national economy by relying on financial services provided by banks and financial companies, and stand at the successful global experiences in this important chapter and how managed Some economies achieve important successes through inclusiveness Financial.

  • Like 1
  • Thanks 3
  • Upvote 5
Link to comment
Share on other sites

Welcome to the Dollars to Iraqi Dinar page, updated every minute between Sunday 22:00 and Friday 22:00 (UK)

1 USD = 1199.1988 IQD

The Dollar to Iraqi Dinar exchange rate (USD IQD) as of 25 Apr 2019 at 4:44 AM.

Come on🎆🎇🎉🎈🎊🎁🎖️🌈

I dont want to work anymore........help meeeeeeeeeeeee. 40  years of working and  struggle is enough. 

  • Like 3
  • Upvote 6
Link to comment
Share on other sites

25 minutes ago, jg1 said:

Welcome to the Dollars to Iraqi Dinar page, updated every minute between Sunday 22:00 and Friday 22:00 (UK)

1 USD = 1199.1988 IQD

The Dollar to Iraqi Dinar exchange rate (USD IQD) as of 25 Apr 2019 at 4:44 AM.

Come on🎆🎇🎉🎈🎊🎁🎖️🌈

I dont want to work anymore........help meeeeeeeeeeeee. 40  years of working and  struggle is enough. 

 

Anyone beside me keeps seeing $1 to $1.19?!!!  These figures continues to keep jumping at me!! :facepalm2:

  • Haha 1
Link to comment
Share on other sites

7 hours ago, 6ly410 said:

"The citizen has to touch the benefit of financial coverage during the days of this week, which permeates the economic life of the family and the national economy by relying on financial services provided by banks and financial companies, and stand at the successful global experiences in this important chapter and how managed Some economies achieve important successes through inclusiveness Financial.

Man it would be nice to see the Benefits of Finacial coverage( of The Local Currency covered by the CBI Reserves ) this week . Here's to Hopeful Thinking 

  • Like 1
Link to comment
Share on other sites

I keep going back to the same thought.

They are begging businesses and countries to invest their money in Iraq, but they don't have a tradable, international currency.  

Isn't it necessary for them to have an international currency before investors will come?

Can they wait another year? 

Won't the momentum be lost?

  • Upvote 6
Link to comment
Share on other sites

10 minutes ago, Floridian said:

I keep going back to the same thought.

They are begging businesses and countries to invest their money in Iraq, but they don't have a tradable, international currency.  

Isn't it necessary for them to have an international currency before investors will come?

Can they wait another year? 

Won't the momentum be lost?

I can just see it now. Signs on the Windows all over town saying, Dollars only store.

  • Haha 3
Link to comment
Share on other sites

7 minutes ago, jg1 said:

I can just see it now. Signs on the Windows all over town saying, Dollars only store.

I think the signs will say, E-Cards and New IQD only.  Old IQD transactions can only be completed at your local bank.

 

I received may E-Card (Master Card) from Al-Warka in February 2010.  On vacation used it in UAE, Germany, Austria, Sweden and the United States.  On 10 October, 2010 Iraq was placed on U.S. Department of Treasury (Bad Boy List) or OFAC - Office of Foreign Asset Control by the U.S. State Department.  Until Iraq raises IQD value, releases lower denominations they'll remain on OFAC.

 

https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx

  • Like 1
  • Thanks 4
  • Upvote 3
Link to comment
Share on other sites

8 hours ago, Botzwana said:

So ya think next year Yota?

Hard to predict due to Iraq definition of the word soon. The IMF SBA is in factor, Federal court interpretations of oil export threw Kurdistan, E- Government, E-Banking, also feel National Reconciliation is need. I could add a couple more but those issue are the major one...Who knows with Iraq...an GM DV 

  • Thanks 3
  • Upvote 2
Link to comment
Share on other sites

  • yota691 changed the title to Al Nusairi stresses the need for strategic partnerships between electronic payment companies and banks to achieve financial coverage

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.