Central Bank: Enhancing Financial Inclusion Through Three Main Pillars
Economy Yesterday, 18:16 Baghdad - WAA - Wissam Al-Mulla The Central Bank of Iraq confirmed, today, Friday, its continued work to enhance financial inclusion through three main pillars, while indicating the launch of initiatives to enhance financial awareness and increase the integration of individuals into the banking sector.
The Director of the Financial Inclusion Department at the Central Bank, Hussein Abdul Amir, said in a statement to the Iraqi News Agency (INA): "The Central Bank seeks to achieve financial inclusion by increasing those involved in the banking sector through three main pillars, including ease of access, use, and cost," indicating that "the Financial Inclusion Department will support any project that is consistent with these three pillars."
He pointed out that "the Central Bank has launched many initiatives and activities at the level of all Iraqi governorates, the aim of which is to increase awareness, knowledge and financial capacity
of individuals, whether individuals or companies," noting that
"efforts are being made to
accelerate the integration of individuals or the public with the financial sector and
obtain great benefit for both parties, whether individuals or financial institutions."
He added that "the integration of individuals and financial institutions achieves great value in terms of providing
liquidity to financial institutions in addition to providing
lending means to the public, as well as
developing projects, thus achieving a significant increase in economic growth in Iraq."
https://www.ina.iq/229516--.html