What does “financial inclusion” mean? BY MNT GOAT, 18 SEPT

BY 48.5%.. BANKS ASSOCIATION: FINANCIAL INCLUSION IN IRAQ HAS INCREASED

(What does “financial inclusion” mean? Shame on you if you don’t know or remember. Folks, this is important stuff to remember.  I have shown article after article talking about it. Here is yet another one. When will they feel they have achieved enough? I think they are about there already. Choo Choo!!!)

The Association of Private Banks announced today, Saturday, that financial inclusion in Iraq increased by 48.5% during the current year, while confirming Iraq’s efforts to reach a rate of 60% in financial inclusion operations next year.

(So now we have some gauge we hoped to get. What is their goal? Is it 80, 90, etc.. percent or 60%?)

The head of the Private Banks Association, Wadih Al-Handhal, said in a statement to the official agency, which was followed by Iraq Observer, that “the number of bank cards reached 20 million cards during the year 2023, and we expect a significant increase in this file during the current year and the coming years,” indicating that “financial inclusion in Iraq increased by 48.5 percent during the current year.”

He added: “We seek to reach 60% during the next year in financial inclusion operations, and we confirm that the change is taking place from the Supreme Authority, represented by the Prime Minister and his office.”

He stressed the “necessity of including financial inclusion in school curricula, starting from primary grades and reaching universities, to know its details, practice it and review it, in addition to continuous training to reach the development of infrastructure,” noting that “the number of bank accounts in 2020 reached 6 million and in 2023 to 13 million accounts.”