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International Smart Card Company contributes to financial inclusion
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International Smart Card Company contributes to financial inclusion
International Smart Card Company contributes to financial inclusion
24.04.2019
Economic and banking consultant
What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %. Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company run by the Iraqi private sector and the state banking sector. This product has been able over the past years to provide rapid service and without risk to the ways to 7 million subscribers by thousands of ports and that the most prominent features of the product can be filled card in all branches of the Rafidain Bank and by the ports spread along the geographical area of Iraq and can be reissued in case of loss Theft or fraud without any risk to the customer or money in the card due to biometric technology. The company has also issued a MasterCard card, a global bank card which provides the opportunity to deposit money or spend it electronically or by ATM. Duck bank account, making the company cross the borders of Iraq through its partnerships with global payment systems, making a national product in order to compete on a global level to take pride in what is "Made in Iraq"
So we have said that KI is the leader in the national private sector in providing electronic payment services.
http://economy-news.net/content.php?id=16399
24.04.2019
Samir Nusairi
Economic and banking consultant
Over the past four years, the Central Bank of Iraq has been able to achieve a technical revolution in the field of payment systems and modern banking technologies and electronic payment, which led to the transfer of banking products to advanced services to serve customers and compete the offer of Arab and foreign banks of the services of its customers.
What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %. Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company run by the Iraqi private sector and the state banking sector. This product has been able over the past years to provide rapid service and without risk to the ways to 7 million subscribers by thousands of ports and that the most prominent features of the product can be filled card in all branches of the Rafidain Bank and by the ports spread along the geographical area of Iraq and can be reissued in case of loss Theft or fraud without any risk to the customer or money in the card due to biometric technology. The company has also issued a MasterCard card, a global bank card which provides the opportunity to deposit money or spend it electronically or by ATM. Duck bank account, making the company cross the borders of Iraq through its partnerships with global payment systems, making a national product in order to compete on a global level to take pride in what is "Made in Iraq"
So we have said that KI is the leader in the national private sector in providing electronic payment services.
http://economy-news.net/content.php?id=16399
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Today the start of the activities of the Iraqi financial inclusion
[size=36][rtl]Today the start of the activities of the Iraqi financial inclusion[/rtl][/size]
Thursday 25 April 2019
Thursday 25 April 2019
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. "
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Association of Iraqi private banks to hold a workshop of the banking system and enhance financial coverage
Association of Iraqi private banks to hold a workshop of the banking system and enhance financial coverage
04/25/2019
The meeting was attended by Deputy Governor of the Central Bank Munther Al-Shaikhli and a number of general managers in the bank and the director of management and training in the Association of Iraqi private banks Ahmed al-Hashemi, the adviser of the Association Samir Nusairi and representatives of banks operating in the country and the Executive Director of the Department of Financial Stability in the Central Bank of Jordan Mohammed al-Amayrah.
"Financial inclusion is a key pillar in the process of sustainable economic and social development through the creation of real opportunities for the members of the society in different segments of the youth, women and others to access financial services in a small way," said Munther Sheikli, deputy governor of the Central Bank of Egypt. "The central bank seeks to support financial coverage through the implementation of small and medium-sized enterprises, integration with the international community and cooperation with Arab organizations, Which are working within the framework of financial coverage, including the Arab Monetary Fund and their strategic partners from the World Bank, the German Agency for Development and the Global Alliance for Financial Inclusion through participation in the regional team for financial inclusion. "
He added: "Today we start our activities through the establishment of this workshop, which focuses on the concepts and strategies of financial inclusion and the role of the Central Bank and the financial and banking sector to enhance financial coverage and shed light on the experiences of Arab countries and implementation of the strategy of financial inclusion."
For his part, the Executive Director of the Financial Stability Department at the Central Bank of Jordan, Mohammed Al-Amayra, the experience of the Bank of Jordan in launching the strategy of financial coverage for the year 2017 and its success, and benefit from and applied in Iraq by banks operating in the country.
04/25/2019
Economy News _ Baghdad
The Association of Iraqi Private Banks, in cooperation with the Central Bank and the Joint Efforts Group, held a workshop on Thursday entitled "The Banking System and Enhancing Financial Inclusion", with the participation of a number of government and private banks and electronic payment companies.
The meeting was attended by Deputy Governor of the Central Bank Munther Al-Shaikhli and a number of general managers in the bank and the director of management and training in the Association of Iraqi private banks Ahmed al-Hashemi, the adviser of the Association Samir Nusairi and representatives of banks operating in the country and the Executive Director of the Department of Financial Stability in the Central Bank of Jordan Mohammed al-Amayrah.
"Financial inclusion is a key pillar in the process of sustainable economic and social development through the creation of real opportunities for the members of the society in different segments of the youth, women and others to access financial services in a small way," said Munther Sheikli, deputy governor of the Central Bank of Egypt. "The central bank seeks to support financial coverage through the implementation of small and medium-sized enterprises, integration with the international community and cooperation with Arab organizations, Which are working within the framework of financial coverage, including the Arab Monetary Fund and their strategic partners from the World Bank, the German Agency for Development and the Global Alliance for Financial Inclusion through participation in the regional team for financial inclusion. "
He added: "Today we start our activities through the establishment of this workshop, which focuses on the concepts and strategies of financial inclusion and the role of the Central Bank and the financial and banking sector to enhance financial coverage and shed light on the experiences of Arab countries and implementation of the strategy of financial inclusion."
For his part, the Executive Director of the Financial Stability Department at the Central Bank of Jordan, Mohammed Al-Amayra, the experience of the Bank of Jordan in launching the strategy of financial coverage for the year 2017 and its success, and benefit from and applied in Iraq by banks operating in the country.
During the workshop, the Executive Director of the Financial Stability Department at the Central Bank of Jordan, Mohammad Al-Amayra, was honored by the Director General of Payments Department at the Central Bank of Iraq, Suha Abdul Karim.
http://economy-news.net/content.php?id=16424
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2019 Financial Inclusion Week
2019 Financial Inclusion Week
04/25/2019
04/25/2019
Economy News _ Baghdad
The activities of the first day of the week of financial coverage, Thursday, under the supervision of the Central Bank and the Association of Iraqi private banks, on the land of the Faculty of Management and Economics at the University of Baghdad, with the participation of 30 private banks and government and a number of financial transfer companies.
The events witnessed the provision of services free of charge to the students of the college and introduce them to the banking services they offer to citizens, distributing electronic payment cards to students and opening accounts for free for students and distributing a number of gifts.
The number of banks participating in the events 30 banks and electronic payment companies, namely Rafidain and Rashid and the Iraqi Bank for Trade TBI and the Iraqi National and International Development and Zain Iraq and Ashur International and the Arab East and Islamic guidance and Islamic trust and the Union and the Middle East and the Islamic south and Nur Iraq, Byblos, Ansari, Orr, Co-operation, Al-Rajah, Commercial, Jihan, Al-Iqbal Al-Islami, Mansour, Bank of the Mediterranean and Arab Islamic, Zain Cash, Smart Card (Key Card), Amwal Company,
The banks participating in the event explained to the students the importance of the bank in developing the economy, supporting the projects established by the students after graduating, as well as how to open bank accounts and use electronic payment tools.
http://economy-news.net/content.php?id=16425
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Rafidain offers its financial services from advances and loans within the week of financial coverage tomorrow
Rafidain offers its financial services from advances and loans within the week of financial coverage tomorrow
04/24/2019
http://economy-news.net/content.php?id=16401
04/24/2019
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."
"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."
http://economy-news.net/content.php?id=16401
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The Iraqi Trade Bank will participate in the Financial Inclusion Week during the period 25-30 April 2019
[rtl]The Iraqi Trade Bank will participate in the Financial Inclusion Week during the period 25-30 April 2019. We will be present in all activities from children's schools to universities and commercial centers in cooperation with the Central Bank of Iraq and the Association of Iraqi Private Banks in an effort to support the objectives of achieving financial inclusion.[/rtl]
[rtl]# Almsrv_alaraca_lltjarh[/rtl]
[rtl]# Almsrv_alaraca_lltjarh[/rtl]
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14 banks participate in the activities of the second day of the week of financial coverage
14 banks participate in the activities of the second day of the week of financial coverage
04/26/2019
The events of the second day of the Week of Financial Inclusion took place at the Baghdadi Cultural Center in Al Mutanabbi Street on Friday.
The event was attended by 14 public and private banks offering free services to the public from opening an account, electronic payment cards and others.
04/26/2019
Economy Baghdad News
The events of the second day of the Week of Financial Inclusion took place at the Baghdadi Cultural Center in Al Mutanabbi Street on Friday.
The event was attended by 14 public and private banks offering free services to the public from opening an account, electronic payment cards and others.
The director of the banking awareness department in the Iraqi Islamic Bank, Marwa Algha, told the "Economy News" that the goal of financial inclusion is access to services for people with low incomes, and thus such events are an important opportunity for new banks to reach the public.
She added that this is the third participation of the bank and we have provided a variety of banking services during the three years.
"We encourage the electronic payment culture through the electronic cards that we distribute in these events," Aga said.
In turn, the director of the financial inclusion project in Rafidain Bank Jalal Ahmed, in an interview with "Economy News", that the bank wants through this participation to deliver electronic payment services to the public through smart cards, and through the latter can get the advances and services launched by the bank.
He stressed that the Bank's efforts continue to enhance the public's confidence in the banking sector through the banking awareness campaigns organized by the bank throughout the year in public and residential areas.
Ahmed added that during the second day, the bank introduced the new service that will be launched by the bank, which is issuing the MasterCard card from the bank instead of the offices, enabling customers to make withdrawals and cash deposits.
He pointed out that at the end of the day we took a draw in which three citizens won three bank accounts and the amount of 50 thousand dinars as a gift.
He pointed out that at the end of the day we took a draw in which three citizens won three bank accounts and the amount of 50 thousand dinars as a gift.
http://economy-news.net/content.php?id=16433
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Launch of the Week of Financial Inclusion in Iraq
Launch of the Week of Financial Inclusion in Iraq
25/04/2019
BAGHDAD -
The activities of the Financial Inclusion Week will be launched on Thursday, in conjunction with its Arab activities organized by the Central Bank of Iraq and the Association of Iraqi Private Banks under the theme of "Financial Inclusion Towards Sustainable Development" for the period from 25 to 30 April.
"The financial inclusion week coincides with the week of Arab financial inclusion, which the central bank attaches special importance to the promotion of this principle, in order to reach the banking services of the largest segment of the citizens," said Director General of Payments Dovi Abdul Karim in a statement read by Al-Maaloumah. Payroll to all employees of the public sector through the transfer of salaries to employees' bank accounts, which are based on the ease of receipt and withdrawal of salaries through available payment channels / branches of banks, ATMs, points Sale ".
https://www.almaalomah.com/2019/04/25/402337/
25/04/2019
BAGHDAD -
The activities of the Financial Inclusion Week will be launched on Thursday, in conjunction with its Arab activities organized by the Central Bank of Iraq and the Association of Iraqi Private Banks under the theme of "Financial Inclusion Towards Sustainable Development" for the period from 25 to 30 April.
"The financial inclusion week coincides with the week of Arab financial inclusion, which the central bank attaches special importance to the promotion of this principle, in order to reach the banking services of the largest segment of the citizens," said Director General of Payments Dovi Abdul Karim in a statement read by Al-Maaloumah. Payroll to all employees of the public sector through the transfer of salaries to employees' bank accounts, which are based on the ease of receipt and withdrawal of salaries through available payment channels / branches of banks, ATMs, points Sale ".
"Financial inclusion leads to 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." Ending / 25
https://www.almaalomah.com/2019/04/25/402337/
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The Association of Iraqi Private Banks organizes the event of the second day of the Financial Inclusion Week
The Association of Iraqi Private Banks organizes the event of the second day of the Financial Inclusion Week
27/04/2019
27/04/2019
Economy News _ Baghdad
The Association of Iraqi Private Banks, on Friday evening, organized the activities of the second day of the week of financial inclusion, with the participation of 25 private banks, government and a number of electronic payment companies, on the land of Baghdad Mall.
The number of banks and electronic payment companies participating in the events 25 banks and companies, namely the Iraqi Trade Bank TBI, Al-Ahli Iraqi, Levant, Huda, Trust and International Development, Ashur International, Al-Ansari, Iraqi Islamic, Middle East, Islamic World, Al-Obd, Bank of the Mediterranean, Iraqi and International Islamic Union, Arab Islamic Bank, Baghdad, Smart Card (Key Card), Amwal Company, Al Arab Company and Zain Cash.
The director of administration and training in the Association of Iraqi private banks, Ahmed Hashemi, in an interview with "Economy News", that the effectiveness today witnessed a wide participation by banks in addition to a good turnout for citizens to identify the products provided by banks and electronic payment companies, "adding that the participating banks To clarify to the public the importance of the bank in the development of the economy and support projects, in addition to how to open bank accounts and the use of electronic payment tools.
Hashemi added that "today saw the opening of accounts for free for citizens and the distribution of a number of gifts, including electronic payment cards."
For his part, the Director of the Department of Awareness and Public Protection of the Islamic World Bank Fahd teacher, in an interview with "Economy News" that the bank today provided banking facilities to the public through the opening of bank accounts, indicating that a draw was made and the distribution of a number of gifts to citizens submitted by the bank.
"The objective of the Bank's participation in the activities of the Week of Financial Inclusion is to introduce all segments of the society to the banking services we offer to our customers."
"The Bank's efforts continue to enhance the public's confidence in the banking sector through the bank's awareness campaigns organized by the bank throughout the year in public places and universities," said Hussain Ahmed, Director of Awareness Department at Ansari Bank.
He pointed out that "the role of the Association of Iraqi private banks today is to increase familiarity between banks and joint cooperation among them to promote the reality of the banking sector and reach a common goal is to raise the confidence of citizens in Iraqi banks."
At the end of the events, a lottery was held in which more than 150 citizens won, including electronic payment cards and electronic devices.
http://economy-news.net/content.php?id=16434
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Financial inclusion towards sustainable development
Financial inclusion towards sustainable development
April 28, 2019
Press Release issued by the Board of Governors of Central Banks and Arab Monetary Institutions on "The Arab Day of Financial Inclusion" 27 April 2019 ...
"Financial Inclusiveness Towards Sustainable Development " ... Click here for more
https://cbi.iq/static/uploads/up/file-155643452769617.pdf
27 April 2019
Press release
Issued by
Board of Governors of Central Banks and Arab Monetary Institutions
About
"Arab Financial Inclusion Day"
27 April 2019
"Financial Inclusion Towards Sustainable Development"
The Council calls on
To support access to financial services for all segments of society and small, medium and small enterprises
Encourage the employment of modern financial technologies to enhance financial inclusion
Spread the culture of responsible finance in banking
The issue of promoting access and use to finance and financial services in the Arab countries is gaining attention
From which to the potential opportunities
Largely by the Board of Governors of Central Banks and Arab Monetary Institutions (AMA)
Which can be achieved by enhancing financial inclusion to support inclusive and sustainable economic development
And to address the challenges of unemployment and social justice.
In this context, the Board of Governors of Central Banks and Arab Monetary Institutions (AMC) initiated in 2016
In view of the increasing need to raise awareness of the importance of financial coverage and its context to all parties in States
Arab Bank, to adopt on 27 April each year as the Arab Financial Inclusion Day, celebrated by the
Under the slogan "Financial Inclusion Towards Sustainable Development". On this occasion, the Council stresses its support for efforts
The international community in enhancing financial inclusion and its link to achieving sustainable development, foremost among which is a group
(G20), which adopted the focus of financial inclusion as one of the main axes of the economic development program
And finance.
The Council is also keen to address the issues of financial inclusion in the Arab countries that it deserves
The Council launched several activities and initiatives in cooperation with regional and international institutions
Related. These efforts were reinforced by the launch of the Arab Monetary Fund in cooperation with a number of regional institutions
Under the umbrella of the Council, the Regional Initiative for the Enhancement of Financial Inclusion in the Arab States (FIARI)
With the aim of enabling and strengthening capacities and capabilities to overcome obstacles to the development of inclusion indicators
Financial institutions in Arab countries. In this context, the Board appreciates the comprehensive model of statistical surveys for monitoring
The demand for financial services in the Arab countries related to the financial services of individuals and companies
And small, medium and small enterprises, developed under the Initiative. And invites the Council
To implement the model in all Arab countries, thus contributing to the improvement of indicators of financial inclusion, and adoption
Policies and strategies.
The Council also appreciates the steps and actions taken by the Arab States in order to improve comprehensiveness
The need to integrate all segments of society and its segments into the formal financial system in particular
Financial, and reaffirms
Youth, women, entrepreneurs, and the micro, small and medium enterprise sector
While enhancing their access and use of financial services and products commensurate with their needs and costs
To protect their rights and to strengthen their knowledge and awareness of financial matters in order to make a decision
Sound investment.
The Council underlines the growing importance of the use of modern financial technologies in the financial sector
And the rapid and rapid growth experienced by the manufacturing of these technologies and related services worldwide
And the great opportunities these technologies and services offer to enhance the efficiency of financial and banking operations, in particular
In supporting access to finance, financial services and promoting entrepreneurship. In this context, bless the Council
Launch of the Arab Monetary Fund for the Regional Working Group on Modern Financial Technologies, which aims to study the topics
Modern financial techniques, consultation and exchange of experiences and knowledge on their issues and the development of different visions for their activation
And organizing them in Arab countries.
, The Council calls on all Member States to revitalize the activities of the Arab Day for Financial Inclusion by implementing the activities
Finally
All conciliation and success of the activities
And activities that promote and clarify the vision and objectives of financial inclusion
And the activities of the Arab Day for financial inclusion and achieving the desired objectives.
https://cbi.iq/news/view/1077
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HE DR. ABDULRAHMAN BIN ABDULLAH AL-HUMAIDI, DIRECTOR-GENERAL OF THE ARAB MONETARY FUND, DELIVERED A SPEECH ON THE OCCASION OF THE ARAB DAY FOR FINANCIAL INCLUSION
HE DR. ABDULRAHMAN BIN ABDULLAH AL-HUMAIDI, DIRECTOR-GENERAL OF THE ARAB MONETARY FUND, DELIVERED A SPEECH ON THE OCCASION OF THE ARAB DAY FOR FINANCIAL INCLUSION
2019-04-28
HE Dr. Abdulrahman bin Abdullah Al-Humaidi, Director General of the Arab Monetary Fund, delivered a speech during the press conference held at the headquarters of the Fund on the occasion of the Arab Day for Financial Inclusion approved by the Board of Governors of Central Banks and Arab Monetary Institutions, which falls on April 27 of each year. , Which will be launched this year under the theme of "financial inclusion towards sustainable development".
His Excellency pointed to the close relationship between financial inclusion, financial stability, economic growth and sustainable development. He also pointed to the impact of financial inclusion on the social side in terms of interest to low-income people, specific groups of society such as women and youth, focusing on supporting the access of MSMEs to financial services, integrating them into the formal financial sector, encouraging the use of modern financial techniques to enhance financial coverage , And spreading the culture of responsible finance in banking.
He also praised the increasing attention given to issues related to enhancing financial coverage by Arab policy makers, which will help to meet the challenges of poverty, unemployment and social justice. The unemployment rate among young people is 30% in the Arab countries, More than double the global average of 13 per cent youth unemployment.
His Excellency pointed out that the latest statistics reflect the efforts exerted by the Arab countries in enhancing access to financial services in the Arab countries, pointing out that the percentage of the adult population in the Arab countries without access to official financial and financing services has declined on average from about 71% In 2014 to about 63 per cent in 2017, from 78 per cent to 74 per cent for women, and from 84 per cent to 72 per cent for low-income groups. Although these figures conceal disparities among Arab countries, they still highlight the great opportunities - especially for private financial and banking institutions - that can be exploited to enhance access to financial services in Arab societies.
The Director General also stressed the importance of supporting the access of micro, small and medium enterprises to financial services, which are one of the most important pillars of the economy in most of the world, as well as one of the most important areas of job creation. These projects have positive implications for improving financial coverage and enhancing financial, economic and social stability. He pointed out that SMEs represent more than 95 per cent of the total companies in most of the world and are one of the most important sources of comprehensive and sustainable growth and job creation in economies. According to a study by the International Finance Corporation (IFC) that SMEs contribute about 33 per cent of the gross domestic product (GDP) of developing economies.
He also praised the great efforts exerted by the financial authorities in the Arab countries in terms of ensuring that the issues of improving financial coverage, access to quality financial services and acceptable costs continue to be given priority and priority in the context of economic policies and the dissemination of the culture of responsible finance in banking. , The use of modern financial techniques in the provision of financial services, and the development of legislation and regulations and control frameworks that help to improve the spread of financial services and banking and encourage innovation in this area, The sound infrastructure of the financial and banking system, the promotion of the development and expansion of non-bank financial services, and the development of policies and programs that promote transparency in financial and banking transactions.
In conclusion, His Excellency affirmed the Arab Monetary Fund's efforts to enhance financial coverage in the Arab countries, contribute to the development of policies and procedures related to it, and improve its indicators through the regional initiative to enhance financial inclusion in the Arab countries.
The full text of the speech is as follows:
Media conference
On the occasion of the Arab Day for Financial Inclusion
"Financial Inclusion Towards Sustainable Development"
a word
His Excellency Dr. Abdulrahman bin Abdulla Al-Humaidi
General Manager and Chairman
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
April
Ladies and gentlemen,
Glad to you all morning,
I am pleased to welcome all of you to the headquarters of the Arab Monetary Fund on the occasion of today
Arab Bank for Financial Inclusion. The Arab Day for Financial Inclusion was adopted by the Council
Governors of central banks and Arab monetary institutions on the proposal of
Of importance
Regional Working Group on Enhancing Financial Inclusiveness in the Arab States,
Which are increasingly gaining access to finance and services
Financial support in promoting inclusive and sustainable economic growth and promoting stability
Economic and financial, and the importance of promoting awareness in this regard.
The Arab Day for Financial Inclusion aims to contribute to raising awareness and awareness
Financial inclusion and requirements in the Arab countries and related issues
Policies and programs. This also comes within the framework of the care given by States
To achieve the goals of sustainable development 2030, and to achieve the universality of services
Finance for all groups of society in Arab countries.
Ladies and Gentlemen
The importance of today's policies and strategies is not hidden
Financial inclusion, as the subject of financial inclusion and access to
Financial services for different segments of society, especially disadvantaged groups
Has become a target for economic policymakers, as this is why the president of the financial system has
Impact on financial and social stability and economic development.
The World Bank's database (FINDEX) for 2017 showed that around
31 per cent of the world's adult population does not deal with banks while reaching
The percentage in Arab countries is about 63% on average, which indicates
To the great opportunities that can be leveraged by mobilizing more savings
And channel them to finance investments.
Financial inclusion also affects Eg
On the social side in terms of interest
With low income on the one hand, and specific groups of society on the other
Women and youth, as well as focusing on the access of small enterprises
Medium and micro-financial services and their integration into the financial sector
By providing appropriate financial products and services.
In this context comes the importance of the Arab day for financial inclusion, in which it cooperates
Central banks and Arab monetary institutions with financial institutions
Banking, education ministries, civil society organizations and institutions
In order to shed light on issues of financial inclusion and awareness. We are
In this regard, are grateful to the central banks and monetary institutions
Activities and activities to raise awareness of financial inclusiveness. We also thank banks
Arab Summit, which initiated the Arab Day for Financial Inclusion, to launch initiatives
And promotion of services and products that enhance the access of various groups of society
For official financial services. We also look forward to a broader contribution from the media
And the Arab press in spreading awareness on this occasion.
Perhaps the slogan of the Arab Day for Financial Inclusion of 2019 is "Inclusiveness
Financial towards sustainable development ", reflects the essence of policies of financial inclusion, why
This represents an important axis for promoting growth and confronting poverty and unemployment.
Ladies and Gentlemen
The strengthening of financial inclusion in the case of our Arab countries is receiving increasing attention
Policy makers, where the promotion of financial inclusion contributes positively to the creation
New employment opportunities, thereby achieving economic and social growth
Thereby reducing unemployment and poverty and improving income distribution
Raising the standard of living. The access of finance and financial services to various categories
Community and business sectors play an active role in addressing the challenges of unemployment and poverty
In the short and medium term and achieve more inclusive economic growth,
Which is the most important concern for current economic policies
The unemployment rate among young people is 30% in Arab countries, more than
The global average unemployment rate among young people is 13 per cent. as such
Statistics indicate that at least one-third of the population of at least six Arab countries live
Below the poverty line, while this figure ranges from one quarter to one third of the total population
In four Arab countries. The promotion of financial inclusion is positively reflected
To deepen the financial and banking sector and enhance its stability and safety and strengthen its role in
Service of the overall economic growth program.
Recent statistics reflect the efforts made by Arab countries to promote
Access to financial services in Arab countries, statistics indicate that
Percentage of the adult population in the Arab countries who do not have access
For official financial and financing services, has declined on average from about 71
Per cent in 2014 to about 63 per cent in 2017, and about
78 per cent to 74 per cent in terms of females, and from 84 per cent to
72 per cent for low-income groups, for the same period. and on
Although these figures hide disparities in this regard between the Arab countries, but
It still highlights the great potential opportunities - especially for financial institutions
And private banking - that can be exploited to enhance access to financial services
In Arab societies.
Ladies and Gentlemen
In this sense, the theme of promoting the access of all groups of society has been gained
Individuals, women and entrepreneurs to finance are increasingly important in policies
Economic development in Arab countries. There has also been increased interest in project access
Micro, small and medium financial services, in the light of these
Project is one of the most important pillars of the economy in most countries of the world, as well as a
The most important areas of job creation, and these projects have positive effects on
Improving financial inclusion and enhancing financial, economic and social stability,
With SMEs representing more than 95 per cent of the total
Companies in the vast majority of the world, are considered small enterprises
SMEs are one of the main sources of employment in the economies. A study noted
(IFC) reported that small enterprises contribute
About 33 per cent of the gross domestic product of developing economies. The
Central banks and Arab monetary institutions mobilized efforts and developed
Plans and programs to support SMEs and enhance their access to
Funding from official financial institutions at interest rates and appropriate terms,
To develop financial infrastructure such as credit information systems
addition
Secured lending systems for these projects in order to obtain funding,
Especially since only 3.9% of the investments of these projects are made
Financed by loans and facilities from official financial and banking institutions.
On the other hand, central banks and Arab monetary institutions have made efforts
Risk
In the development of institutions, funds and mechanisms of capital
In Arab countries, providing innovative financing opportunities for start-up companies
It is still in its early stages in a number of our Arab countries. As well as efforts
The importance of awareness and communication with entrepreneurs and enterprises
Small and medium.
Arab governments have also paid close attention to the topics of financial technology
Recognizing the great opportunities these technologies offer in modern and their applications,
Enhancing financial inclusion, as systems and innovations in financial technologies contribute
In providing affordable financial services to individuals who do not benefit
Of banking services in order to enhance and consolidate financial coverage in the region
Arabic.
In this context, central banks and Arab monetary institutions,
Its efforts to spread the culture of responsible finance in banking, highlights the importance
The role of responsible finance in maintaining financial stability through reduction
And at the same time protect the rights of financial consumers. Through this
The provision of financial services providers to meet the needs of their customers,
And to conduct an accurate credit evaluation of the customer, in order to make the appropriate decision regarding
Finance.
Ladies and Gentlemen
Allow me, on this occasion, to pay tribute to the great efforts of the authorities
Financial institutions in the Arab countries, where these authorities are keen to continue to pay
Issues of improving financial coverage and access to quality financial services
Acceptable costs and appropriate policy relevance and priority
Economic development. The authorities in the Arab countries are also working to develop
• Legislation, regulations and control frameworks that help to improve the spread
Financial and banking services and encouraging innovation in this area, in addition to follow-up
Efforts to upgrade the sound infrastructure of the financial and banking system
And encourage the development and expansion of non-bank financial services. As well as authorities
In this context, particular importance is given to the protection of consumers of financial services
The keenness of the central banks and Arab monetary institutions to develop policies
And programs that promote transparency in financial and banking transactions
Trust in the financial system on the one hand, and serve on the other hand awareness purposes
And education.
Ladies and Gentlemen
The Arab Monetary Fund (AMF) seeks to contribute to the strengthening of the Arab Monetary Fund
Financial inclusion, through a number of themes and activities. Comes at the forefront,
IFAD has been the Technical Secretariat of the Regional Working Group on Financial Inclusion
Arab countries emanating from the Board of Governors of central banks and institutions
Arabic criticism. The objectives of the Group are to contribute to policy development
Measures to enhance financial inclusion in the Arab countries, and study ways
To improve the indicators of financial inclusion and to help the Arab countries
To meet the relevant international standards and principles. As well as his exchange duties
Experiences and experiences among Arab countries in the area of financial inclusion, as well as
Promote opportunities for awareness of financial inclusion issues and consumer protection of services
Finance and Banking.
In the past few years, the Fund has also organized several conferences
Workshops and training courses, in cooperation with regional institutions
As well as publishing and publishing reports and studies to promote awareness
The study we are presenting today to you on the occasion of the Arab Day of Financial Inclusion, on
Digital financial services, prepared to highlight policies
To take advantage of modern financial technologies and electronic payment systems
In enhancing access to financial services.
In 2007, IFAD launched the Regional Initiative to Enhance Inclusion
In cooperation with the German Agency for Development and the Alliance
And with the participation of the World Bank, under the umbrella of a Governing Council
Central Banks and Arab Monetary Institutions. The initiative aims to improve
Indicators of access to finance for all economic sectors and social groups
In the Arab countries, especially small and medium enterprises, which contribute to
Supporting comprehensive economic and social development opportunities.
The Arab Monetary Fund has also launched the Regional Working Group on Financial Technologies
Which held its first meeting in Abu Dhabi on December 11, 2018.
For the guidance of owners
The creation of the group comes the response of Excellencies finance ministers
Arab and Excellencies Governors of central banks and institutions
To increase
Arab criticism in the follow-up of the applications and development of financial technologies, aware
The importance of the use of modern financial techniques in the financial and banking sector,
And the rapid and rapid growth of these technologies and services
Associated with the world, and the great opportunities offered by these technologies
And services in terms of enhancing the efficiency of financial and banking operations
Support for access to finance and financial services and to promote entrepreneurship,
Which enhances the need for consideration and deliberation at the policy-making level
On the implications of the uses of these technologies and their trends in order to maximize the benefit of
The opportunities offered by hand and work at the same time reduce
Adverse effects on the integrity and integrity of financial and banking work.
Before concluding, I would like to stress that the Arab Monetary Fund will spare no effort either
As a way to contribute to support the efforts of our Arab countries to enhance financial inclusion,
We look forward to the regional initiative for financial inclusion in the Arab countries
To achieve the desired objectives in this regard.
Finally, however, I would like to renew my thanks and gratitude to a country that is headquartered, not missing me in this respect
Arab Monetary Fund, United Arab Emirates
Large facilities contribute to the success of the Fund in its pursuit of its objectives.
Peace, mercy and blessings of God be upon you.
https://www.amf.org.ae/ar/content/%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B1%D8%AD%D9%85%D9%86-%D8%A8%D9%86-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF%D9%8A-%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-35
2019-04-28
HE Dr. Abdulrahman bin Abdullah Al-Humaidi, Director General of the Arab Monetary Fund, delivered a speech during the press conference held at the headquarters of the Fund on the occasion of the Arab Day for Financial Inclusion approved by the Board of Governors of Central Banks and Arab Monetary Institutions, which falls on April 27 of each year. , Which will be launched this year under the theme of "financial inclusion towards sustainable development".
His Excellency pointed to the close relationship between financial inclusion, financial stability, economic growth and sustainable development. He also pointed to the impact of financial inclusion on the social side in terms of interest to low-income people, specific groups of society such as women and youth, focusing on supporting the access of MSMEs to financial services, integrating them into the formal financial sector, encouraging the use of modern financial techniques to enhance financial coverage , And spreading the culture of responsible finance in banking.
He also praised the increasing attention given to issues related to enhancing financial coverage by Arab policy makers, which will help to meet the challenges of poverty, unemployment and social justice. The unemployment rate among young people is 30% in the Arab countries, More than double the global average of 13 per cent youth unemployment.
His Excellency pointed out that the latest statistics reflect the efforts exerted by the Arab countries in enhancing access to financial services in the Arab countries, pointing out that the percentage of the adult population in the Arab countries without access to official financial and financing services has declined on average from about 71% In 2014 to about 63 per cent in 2017, from 78 per cent to 74 per cent for women, and from 84 per cent to 72 per cent for low-income groups. Although these figures conceal disparities among Arab countries, they still highlight the great opportunities - especially for private financial and banking institutions - that can be exploited to enhance access to financial services in Arab societies.
The Director General also stressed the importance of supporting the access of micro, small and medium enterprises to financial services, which are one of the most important pillars of the economy in most of the world, as well as one of the most important areas of job creation. These projects have positive implications for improving financial coverage and enhancing financial, economic and social stability. He pointed out that SMEs represent more than 95 per cent of the total companies in most of the world and are one of the most important sources of comprehensive and sustainable growth and job creation in economies. According to a study by the International Finance Corporation (IFC) that SMEs contribute about 33 per cent of the gross domestic product (GDP) of developing economies.
He also praised the great efforts exerted by the financial authorities in the Arab countries in terms of ensuring that the issues of improving financial coverage, access to quality financial services and acceptable costs continue to be given priority and priority in the context of economic policies and the dissemination of the culture of responsible finance in banking. , The use of modern financial techniques in the provision of financial services, and the development of legislation and regulations and control frameworks that help to improve the spread of financial services and banking and encourage innovation in this area, The sound infrastructure of the financial and banking system, the promotion of the development and expansion of non-bank financial services, and the development of policies and programs that promote transparency in financial and banking transactions.
In conclusion, His Excellency affirmed the Arab Monetary Fund's efforts to enhance financial coverage in the Arab countries, contribute to the development of policies and procedures related to it, and improve its indicators through the regional initiative to enhance financial inclusion in the Arab countries.
The full text of the speech is as follows:
[url=https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9 %D9%86%D9%87%D8%A7%D8%A6%D9%8A.pdf](Text of the word)[/url]
[url=https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9 %D9%86%D9%87%D8%A7%D8%A6%D9%8A.pdf]https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9%20%D9%86%D9%87%D8%A7%D8%A6%D9%8A.pdf[/url]
Media conference
On the occasion of the Arab Day for Financial Inclusion
"Financial Inclusion Towards Sustainable Development"
a word
His Excellency Dr. Abdulrahman bin Abdulla Al-Humaidi
General Manager and Chairman
Arab Monetary Fund
Abu Dhabi, United Arab Emirates
April
Ladies and gentlemen,
Glad to you all morning,
I am pleased to welcome all of you to the headquarters of the Arab Monetary Fund on the occasion of today
Arab Bank for Financial Inclusion. The Arab Day for Financial Inclusion was adopted by the Council
Governors of central banks and Arab monetary institutions on the proposal of
Of importance
Regional Working Group on Enhancing Financial Inclusiveness in the Arab States,
Which are increasingly gaining access to finance and services
Financial support in promoting inclusive and sustainable economic growth and promoting stability
Economic and financial, and the importance of promoting awareness in this regard.
The Arab Day for Financial Inclusion aims to contribute to raising awareness and awareness
Financial inclusion and requirements in the Arab countries and related issues
Policies and programs. This also comes within the framework of the care given by States
To achieve the goals of sustainable development 2030, and to achieve the universality of services
Finance for all groups of society in Arab countries.
Ladies and Gentlemen
The importance of today's policies and strategies is not hidden
Financial inclusion, as the subject of financial inclusion and access to
Financial services for different segments of society, especially disadvantaged groups
Has become a target for economic policymakers, as this is why the president of the financial system has
Impact on financial and social stability and economic development.
The World Bank's database (FINDEX) for 2017 showed that around
31 per cent of the world's adult population does not deal with banks while reaching
The percentage in Arab countries is about 63% on average, which indicates
To the great opportunities that can be leveraged by mobilizing more savings
And channel them to finance investments.
Financial inclusion also affects Eg
On the social side in terms of interest
With low income on the one hand, and specific groups of society on the other
Women and youth, as well as focusing on the access of small enterprises
Medium and micro-financial services and their integration into the financial sector
By providing appropriate financial products and services.
In this context comes the importance of the Arab day for financial inclusion, in which it cooperates
Central banks and Arab monetary institutions with financial institutions
Banking, education ministries, civil society organizations and institutions
In order to shed light on issues of financial inclusion and awareness. We are
In this regard, are grateful to the central banks and monetary institutions
Activities and activities to raise awareness of financial inclusiveness. We also thank banks
Arab Summit, which initiated the Arab Day for Financial Inclusion, to launch initiatives
And promotion of services and products that enhance the access of various groups of society
For official financial services. We also look forward to a broader contribution from the media
And the Arab press in spreading awareness on this occasion.
Perhaps the slogan of the Arab Day for Financial Inclusion of 2019 is "Inclusiveness
Financial towards sustainable development ", reflects the essence of policies of financial inclusion, why
This represents an important axis for promoting growth and confronting poverty and unemployment.
Ladies and Gentlemen
The strengthening of financial inclusion in the case of our Arab countries is receiving increasing attention
Policy makers, where the promotion of financial inclusion contributes positively to the creation
New employment opportunities, thereby achieving economic and social growth
Thereby reducing unemployment and poverty and improving income distribution
Raising the standard of living. The access of finance and financial services to various categories
Community and business sectors play an active role in addressing the challenges of unemployment and poverty
In the short and medium term and achieve more inclusive economic growth,
Which is the most important concern for current economic policies
The unemployment rate among young people is 30% in Arab countries, more than
The global average unemployment rate among young people is 13 per cent. as such
Statistics indicate that at least one-third of the population of at least six Arab countries live
Below the poverty line, while this figure ranges from one quarter to one third of the total population
In four Arab countries. The promotion of financial inclusion is positively reflected
To deepen the financial and banking sector and enhance its stability and safety and strengthen its role in
Service of the overall economic growth program.
Recent statistics reflect the efforts made by Arab countries to promote
Access to financial services in Arab countries, statistics indicate that
Percentage of the adult population in the Arab countries who do not have access
For official financial and financing services, has declined on average from about 71
Per cent in 2014 to about 63 per cent in 2017, and about
78 per cent to 74 per cent in terms of females, and from 84 per cent to
72 per cent for low-income groups, for the same period. and on
Although these figures hide disparities in this regard between the Arab countries, but
It still highlights the great potential opportunities - especially for financial institutions
And private banking - that can be exploited to enhance access to financial services
In Arab societies.
Ladies and Gentlemen
In this sense, the theme of promoting the access of all groups of society has been gained
Individuals, women and entrepreneurs to finance are increasingly important in policies
Economic development in Arab countries. There has also been increased interest in project access
Micro, small and medium financial services, in the light of these
Project is one of the most important pillars of the economy in most countries of the world, as well as a
The most important areas of job creation, and these projects have positive effects on
Improving financial inclusion and enhancing financial, economic and social stability,
With SMEs representing more than 95 per cent of the total
Companies in the vast majority of the world, are considered small enterprises
SMEs are one of the main sources of employment in the economies. A study noted
(IFC) reported that small enterprises contribute
About 33 per cent of the gross domestic product of developing economies. The
Central banks and Arab monetary institutions mobilized efforts and developed
Plans and programs to support SMEs and enhance their access to
Funding from official financial institutions at interest rates and appropriate terms,
To develop financial infrastructure such as credit information systems
addition
Secured lending systems for these projects in order to obtain funding,
Especially since only 3.9% of the investments of these projects are made
Financed by loans and facilities from official financial and banking institutions.
On the other hand, central banks and Arab monetary institutions have made efforts
Risk
In the development of institutions, funds and mechanisms of capital
In Arab countries, providing innovative financing opportunities for start-up companies
It is still in its early stages in a number of our Arab countries. As well as efforts
The importance of awareness and communication with entrepreneurs and enterprises
Small and medium.
Arab governments have also paid close attention to the topics of financial technology
Recognizing the great opportunities these technologies offer in modern and their applications,
Enhancing financial inclusion, as systems and innovations in financial technologies contribute
In providing affordable financial services to individuals who do not benefit
Of banking services in order to enhance and consolidate financial coverage in the region
Arabic.
In this context, central banks and Arab monetary institutions,
Its efforts to spread the culture of responsible finance in banking, highlights the importance
The role of responsible finance in maintaining financial stability through reduction
And at the same time protect the rights of financial consumers. Through this
The provision of financial services providers to meet the needs of their customers,
And to conduct an accurate credit evaluation of the customer, in order to make the appropriate decision regarding
Finance.
Ladies and Gentlemen
Allow me, on this occasion, to pay tribute to the great efforts of the authorities
Financial institutions in the Arab countries, where these authorities are keen to continue to pay
Issues of improving financial coverage and access to quality financial services
Acceptable costs and appropriate policy relevance and priority
Economic development. The authorities in the Arab countries are also working to develop
• Legislation, regulations and control frameworks that help to improve the spread
Financial and banking services and encouraging innovation in this area, in addition to follow-up
Efforts to upgrade the sound infrastructure of the financial and banking system
And encourage the development and expansion of non-bank financial services. As well as authorities
In this context, particular importance is given to the protection of consumers of financial services
The keenness of the central banks and Arab monetary institutions to develop policies
And programs that promote transparency in financial and banking transactions
Trust in the financial system on the one hand, and serve on the other hand awareness purposes
And education.
Ladies and Gentlemen
The Arab Monetary Fund (AMF) seeks to contribute to the strengthening of the Arab Monetary Fund
Financial inclusion, through a number of themes and activities. Comes at the forefront,
IFAD has been the Technical Secretariat of the Regional Working Group on Financial Inclusion
Arab countries emanating from the Board of Governors of central banks and institutions
Arabic criticism. The objectives of the Group are to contribute to policy development
Measures to enhance financial inclusion in the Arab countries, and study ways
To improve the indicators of financial inclusion and to help the Arab countries
To meet the relevant international standards and principles. As well as his exchange duties
Experiences and experiences among Arab countries in the area of financial inclusion, as well as
Promote opportunities for awareness of financial inclusion issues and consumer protection of services
Finance and Banking.
In the past few years, the Fund has also organized several conferences
Workshops and training courses, in cooperation with regional institutions
As well as publishing and publishing reports and studies to promote awareness
The study we are presenting today to you on the occasion of the Arab Day of Financial Inclusion, on
Digital financial services, prepared to highlight policies
To take advantage of modern financial technologies and electronic payment systems
In enhancing access to financial services.
In 2007, IFAD launched the Regional Initiative to Enhance Inclusion
In cooperation with the German Agency for Development and the Alliance
And with the participation of the World Bank, under the umbrella of a Governing Council
Central Banks and Arab Monetary Institutions. The initiative aims to improve
Indicators of access to finance for all economic sectors and social groups
In the Arab countries, especially small and medium enterprises, which contribute to
Supporting comprehensive economic and social development opportunities.
The Arab Monetary Fund has also launched the Regional Working Group on Financial Technologies
Which held its first meeting in Abu Dhabi on December 11, 2018.
For the guidance of owners
The creation of the group comes the response of Excellencies finance ministers
Arab and Excellencies Governors of central banks and institutions
To increase
Arab criticism in the follow-up of the applications and development of financial technologies, aware
The importance of the use of modern financial techniques in the financial and banking sector,
And the rapid and rapid growth of these technologies and services
Associated with the world, and the great opportunities offered by these technologies
And services in terms of enhancing the efficiency of financial and banking operations
Support for access to finance and financial services and to promote entrepreneurship,
Which enhances the need for consideration and deliberation at the policy-making level
On the implications of the uses of these technologies and their trends in order to maximize the benefit of
The opportunities offered by hand and work at the same time reduce
Adverse effects on the integrity and integrity of financial and banking work.
Before concluding, I would like to stress that the Arab Monetary Fund will spare no effort either
As a way to contribute to support the efforts of our Arab countries to enhance financial inclusion,
We look forward to the regional initiative for financial inclusion in the Arab countries
To achieve the desired objectives in this regard.
Finally, however, I would like to renew my thanks and gratitude to a country that is headquartered, not missing me in this respect
Arab Monetary Fund, United Arab Emirates
Large facilities contribute to the success of the Fund in its pursuit of its objectives.
Peace, mercy and blessings of God be upon you.
https://www.amf.org.ae/ar/content/%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B1%D8%AD%D9%85%D9%86-%D8%A8%D9%86-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF%D9%8A-%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-35
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Join date : 2018-11-04
ON THE OCCASION OF THE ARAB DAY FOR FINANCIAL INCLUSION, THE ARAB MONETARY FUND (AMF) IS LAUNCHING THE BOOK FINANCIAL INCLUSION IN ARAB COUNTRIES: EFFORTS, POLICIES AND EXPERIENCES
ON THE OCCASION OF THE ARAB DAY FOR FINANCIAL INCLUSION, THE ARAB MONETARY FUND (AMF) IS LAUNCHING THE BOOK FINANCIAL INCLUSION IN ARAB COUNTRIES: EFFORTS, POLICIES AND EXPERIENCES
2019-04-28
The publication of the Book of Financial Inclusion in the Arab States is a continuation of the efforts of the Arab Monetary Fund in enhancing financial coverage in the Arab region and reflecting the increasing attention given by central banks and monetary institutions in recent years to programs and policies of financial inclusion in support of growth opportunities and economic and financial stability in the Arab countries. , Where legislative and supervisory frameworks have witnessed significant development in this field, with the aim of improving access to finance by all groups of society, especially youth, women, micro, small and medium enterprises, Of the savings of individuals through the financial and banking sector.
The authors reviewed the concept of financial inclusion and its close relationship to financial stability. Improving financial inclusion through a more extensive use of formal financial services and products contributes to enhancing financial stability. In addition, the book addressed the role of financial inclusion in achieving sustainable development through its contribution to achieving several of the 17 UN sustainable development goals set for 2030.
Among the writers in the Arab countries, the importance and role of financial inclusion in the face of economic challenges that affect growth, through mobilizing resources to increase investment rates and create new jobs, which achieve sustainable economic and social growth, and thus reduce unemployment and poverty and improve the distribution of income and raise The standard of living, where the access of finance and financial services to various sectors of society and business sectors, is instrumental in addressing short- and medium-term unemployment challenges and achieving more inclusive economic growth, which is the most important concern for current economic policies Arab countries ranked 2017 among the top ten regions in the world in terms of unemployment rates, especially among young people. There is no doubt that enhancing financial coverage is positively reflected in deepening the financial and banking sector, enhancing its stability and integrity, and strengthening its role in serving comprehensive and sustainable economic growth programs.
The role of the Arab Monetary Fund, in cooperation with the supervisory authorities in the financial sector in the Arab countries, was to lead the efforts to face the challenges of achieving financial inclusion in the Arab region. The Arab Monetary Fund's strategy for the period 2015-2020 included many Programs and activities aimed at helping Arab countries improve access to finance and financial services.
On the other hand, the book includes the programs and efforts of central banks and Arab monetary institutions in developing legislation, regulations and control frameworks that help to improve the spread of financial and banking services, encourage innovation in this field, and follow up efforts to upgrade the financial and banking system infrastructure and encourage the development of financial services Non-bank, in addition to studying ways to improve the indicators of financial inclusion in the Arab region. The book includes achieving progress in various ways of financial inclusion, where many Arab countries have adopted strategies, programs and national plans for financial coverage, based on several axes: Maintaining modern financial techniques, enhancing the protection of consumers of financial services, And attention to the access of women and young people to formal financial services, support for micro, small and medium enterprises.
In this context, the book presents a comprehensive picture of the reality and needs of enhancing financial inclusion in the Arab countries and highlights the efforts exerted by their governments to improve and improve the indicators of financial inclusion by enhancing access to finance and financial services in the Arab countries. We hope that the book will contribute to enriching the debate on ways to enhance financial coverage and increase awareness in the Arab countries, in light of the valuable information it contains about financial inclusion in its various fields.
The full version of the book is available at the following link:
https://www.amf.org.ae/ar/content/%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D8%AC%D9%87%D9%88%D8%AF-%D9%88%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A8
/[term]/%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A %D9%81%D9%8A %D8%A7%D9%84%D8%AF%D9%88%D9%84 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%AC%D9%87%D9%88%D8%AF %D9%88%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA %D9%88%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A8_0.pdf]https://www.amf.org.ae/sites/default/files/econ/amdb/%5Bvocab%5D/%5Bterm%5D/%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84%20%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%20%D9%81%D9%8A%20%D8%A7%D9%84%D8%AF%D9%88%D9%84%20%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9%20%D8%A7%D9%84%D8%AC%D9%87%D9%88%D8%AF%20%D9%88%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA%20%D9%88%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A8_0.pdf
https://www.amf.org.ae/ar/content/%D8%A8%D9%85%D9%86%D8%A7%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%84%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D8%B7%D9%84%D9%82-%D9%83%D8%AA%D8%A7%D8%A8-%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84
2019-04-28
Major efforts by Arab authorities have contributed to improved indicators of financial inclusion
Most Arab countries have adopted national strategies or programs to enhance financial inclusion
Focus on the access of young people, women, entrepreneurs and small and medium enterprises to financial services
Increasing interest in employing modern financial techniques to serve financial inclusion
Recognize the importance of pursuing efforts to develop financial infrastructure and enhance the protection of my consumers
Financial services and the dissemination of financial education
The publication of the Book of Financial Inclusion in the Arab States is a continuation of the efforts of the Arab Monetary Fund in enhancing financial coverage in the Arab region and reflecting the increasing attention given by central banks and monetary institutions in recent years to programs and policies of financial inclusion in support of growth opportunities and economic and financial stability in the Arab countries. , Where legislative and supervisory frameworks have witnessed significant development in this field, with the aim of improving access to finance by all groups of society, especially youth, women, micro, small and medium enterprises, Of the savings of individuals through the financial and banking sector.
The authors reviewed the concept of financial inclusion and its close relationship to financial stability. Improving financial inclusion through a more extensive use of formal financial services and products contributes to enhancing financial stability. In addition, the book addressed the role of financial inclusion in achieving sustainable development through its contribution to achieving several of the 17 UN sustainable development goals set for 2030.
Among the writers in the Arab countries, the importance and role of financial inclusion in the face of economic challenges that affect growth, through mobilizing resources to increase investment rates and create new jobs, which achieve sustainable economic and social growth, and thus reduce unemployment and poverty and improve the distribution of income and raise The standard of living, where the access of finance and financial services to various sectors of society and business sectors, is instrumental in addressing short- and medium-term unemployment challenges and achieving more inclusive economic growth, which is the most important concern for current economic policies Arab countries ranked 2017 among the top ten regions in the world in terms of unemployment rates, especially among young people. There is no doubt that enhancing financial coverage is positively reflected in deepening the financial and banking sector, enhancing its stability and integrity, and strengthening its role in serving comprehensive and sustainable economic growth programs.
The role of the Arab Monetary Fund, in cooperation with the supervisory authorities in the financial sector in the Arab countries, was to lead the efforts to face the challenges of achieving financial inclusion in the Arab region. The Arab Monetary Fund's strategy for the period 2015-2020 included many Programs and activities aimed at helping Arab countries improve access to finance and financial services.
On the other hand, the book includes the programs and efforts of central banks and Arab monetary institutions in developing legislation, regulations and control frameworks that help to improve the spread of financial and banking services, encourage innovation in this field, and follow up efforts to upgrade the financial and banking system infrastructure and encourage the development of financial services Non-bank, in addition to studying ways to improve the indicators of financial inclusion in the Arab region. The book includes achieving progress in various ways of financial inclusion, where many Arab countries have adopted strategies, programs and national plans for financial coverage, based on several axes: Maintaining modern financial techniques, enhancing the protection of consumers of financial services, And attention to the access of women and young people to formal financial services, support for micro, small and medium enterprises.
In this context, the book presents a comprehensive picture of the reality and needs of enhancing financial inclusion in the Arab countries and highlights the efforts exerted by their governments to improve and improve the indicators of financial inclusion by enhancing access to finance and financial services in the Arab countries. We hope that the book will contribute to enriching the debate on ways to enhance financial coverage and increase awareness in the Arab countries, in light of the valuable information it contains about financial inclusion in its various fields.
The full version of the book is available at the following link:
Financial Inclusion in Arab Countries: Efforts, Policies and Experiences
https://www.amf.org.ae/ar/content/%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D8%AC%D9%87%D9%88%D8%AF-%D9%88%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA-%D9%88%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A8
/[term]/%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A %D9%81%D9%8A %D8%A7%D9%84%D8%AF%D9%88%D9%84 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%AC%D9%87%D9%88%D8%AF %D9%88%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA %D9%88%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A8_0.pdf]https://www.amf.org.ae/sites/default/files/econ/amdb/%5Bvocab%5D/%5Bterm%5D/%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84%20%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%20%D9%81%D9%8A%20%D8%A7%D9%84%D8%AF%D9%88%D9%84%20%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9%20%D8%A7%D9%84%D8%AC%D9%87%D9%88%D8%AF%20%D9%88%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D8%A7%D8%AA%20%D9%88%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A8_0.pdf
https://www.amf.org.ae/ar/content/%D8%A8%D9%85%D9%86%D8%A7%D8%B3%D8%A8%D8%A9-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%84%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D8%B7%D9%84%D9%82-%D9%83%D8%AA%D8%A7%D8%A8-%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84
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Arab Monetary Fund: Access to banking services for all citizens will contribute to economic development
Arab Monetary Fund: Access to banking services for all citizens will contribute to economic development
04/28/2019
http://economy-news.net/content.php?id=16448
04/28/2019
Economy News _ Baghdad
The Arab Monetary Fund and the Board of Governors of Central Banks and Arab Monetary Institutions called on Sunday to support the access of all sectors of the society to financial and banking services, pointing out that the access of banking services to all citizens will contribute to economic development.
"The issue of enhancing access and use of financial services in the Arab countries is of great interest to the Board of Governors of Central Banks and Arab Monetary Institutions," the IMF said in a statement received by Al-Iktissad News. "Recognizing the potential and substantial opportunities it can achieve by enhancing financial inclusion To support comprehensive and sustainable economic development and to meet the challenges of unemployment and social justice. "
He pointed out that "the Board of Governors of Central Banks and Arab Monetary Institutions in 2016 took the initiative in the light of the increasing need to intensify awareness of the importance of financial coverage and its contacts with all parties in the Arab countries and the adoption of April 27 of each year as an Arab day for financial inclusion, Financial support for sustainable development, "the
statement said. The Council supported the efforts of the international community to enhance financial inclusion and its commitment to achieving sustainable development, particularly the G20, which adopted the focus of financial inclusion as one of the main axes of the economic and financial development program.
statement said. The Council supported the efforts of the international community to enhance financial inclusion and its commitment to achieving sustainable development, particularly the G20, which adopted the focus of financial inclusion as one of the main axes of the economic and financial development program.
He added that "the Council is keen on the issues of financial inclusion in the Arab countries of the importance it deserves, where it launched several regional activities and initiatives to enhance financial inclusion in the Arab countries (FIARI) to enable and strengthen capabilities and possibilities to overcome the obstacles to improve the indicators of financial inclusion in countries Arabic".
The Council appreciated the steps and measures taken by the Arab countries to promote financial inclusion and the need to integrate all segments of society and its sectors into the formal financial system, especially youth, women and entrepreneurs.
http://economy-news.net/content.php?id=16448
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Association of Banks organizes the activities of the fifth day of financial inclusion at the University of Nahrain
Association of Banks organizes the activities of the fifth day of financial inclusion at the University of Nahrain
04/29/2019
http://economy-news.net/content.php?id=16464
04/29/2019
Economy News - Baghdad
The Association of Iraqi Private Banks organized in cooperation with the Central Bank of Iraq at the University of Nahrain on Monday the activities of the fifth day of the week of financial inclusion, with the participation of 27 banks and financial companies, which provided various banking services to university students.
The fifth day of the financial coverage activities was held according to the plan presented by the Association of Iraqi Private Banks at Al-Nahrain University (Faculty of Business Economics).
Today, 27 banks and a number of financial companies went to the Faculty of Business Economics for the purpose of providing banking services and information, as well as providing services to students, teachers and staff at the College.
Al-Ahli Bank of Iraq, Zain Iraq, Trust, Iraqi Investment, Ashur Bank, Iraq Light, Iraqi Islamic, Middle East, Iraq, World, Commercial, Iraq, South, Levant, Arab, Iraqi Trade, Bank of the Mediterranean, Arab Islamic, Rafidain, Iraqi Union, Al-Rajih, Iraq, Ansari, Jihan and Development. Cash and smart card.
There was a high turnout of students who wanted to use modern electronic payment technologies (smart cards).
The current banks have opened current accounts for students in Mani, in addition to distributing free electronic payment gifts, in addition to educating the graduate students to benefit from a project to finance the opening of small and medium enterprises, in addition to urging teachers to settle their salaries in banks.
Such awareness events are best set up on a seasonal or permanent basis for the purpose of reducing the gap between citizens and banks and creating a banking society, thus completing economic growth.
http://economy-news.net/content.php?id=16464
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Launch of the Arab Day for Financial Inclusion in Basra
Launch of the Arab Day for Financial Inclusion in Basra
April 29, 2019
The Basra Mall (Times Square) launched an exhibition for the Arab Day for Financial Inclusion sponsored by the Central Bank - Basrah Branch, with the participation of 23 banks from the public and private sectors and during the exhibition they provided their banking services to the citizens free of charge such as opening accounts and how to use credit cards. Services and competitions with prizes from some banks participating in the events.
https://cbi.iq/news/view/1083
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Re: International Smart Card Company contributes to financial inclusion
[rtl]In appreciation of the efforts of the Central Bank of Iraq to enhance financial coverage and towards achieving sustainable development[/rtl]
[rtl]Press Release issued by the Board of Governors of Central Banks and Arab Monetary Institutions on "Arab Day for Financial Inclusion"[/rtl]
[rtl][/rtl]
[rtl]Suit...[/rtl]
[rtl]https://tbi.com.iq/?news=%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%AD%D9%81%D9%8A-%D8%B5%D8%A7%D8%AF%D8%B1-%D8%B9%D9%86-%D9%85%D8%AC%D9%84%D8%B3-%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-2[/rtl]
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Re: International Smart Card Company contributes to financial inclusion
ARTICLE STATEMENT wrote:He pointed out that at the end of the day we took a draw in which three citizens won three bank accounts and the amount of 50 thousand dinars as a gift.
People are believeing that EVERYONE in IRAQ got IQD in the equivelance of $50,000.00 USD on SMART CARDS, when in fact, it was a DRAWING that was held and only 3 PEOPLE GOT THAT MONEY!
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Re: International Smart Card Company contributes to financial inclusion
[ltr]The participation of Rafidain Bank within the activities of the week of financial inclusion[/ltr]
[ltr][/ltr] |
[ltr]Al-Rafidain Bank participated in the activities of the Financial Inclusion Week which was held in a number of universities and gardens in Qishla as well as other places. This year, the Bank's pavilion has witnessed a high turnout and momentum from the past years, with the Bank's pavilion leading the way in preparing visitors to dazzle other banks. The bank also witnessed the public's awareness of the importance of financial coverage and encouraging them to open bank accounts and to inform them about the services provided by the bank to customers and enhance public confidence in the banking sector through the bank awareness campaigns organized by the bank throughout the year. A number of gifts were distributed to the public and competitions were held to win electronic payment cards.[/ltr]
[ltr]http://www.rafidain-bank.gov.iq/
[/ltr]
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Comprehensive Employee
[size=36][rtl]Comprehensive Employee[/rtl][/size]
Sunday 28 April 2019
Sunday 28 April 2019
Mohamed Sherif Abu Maysam
One of the goals of financial inclusion is to achieve public satisfaction by providing easy banking services to enhance confidence between banks and customers, thus withdrawing the accumulated monetary mass into the arena of banking and then recycling by raising credit rates towards contributing to the economy and development.
The global banking industry has relied on the technology system to provide services, as well as the one-person service delivery system called the "comprehensive employee", which performs all functions through a single window that limits customers to the difficulty of moving between a number of windows, In functionality.
The comprehensive employee is described by some as the secret behind the public's adherence to the banking institution he deals with. He is not only good at many jobs, but also good at making customers feel happy and satisfied by a gentle approach and a smile in a timely manner, conversing with the customer, Of the skills acquired by the training and development programs that the institution is keen on continuously to raise the efficiency of staff to qualify to stay in the arena of competition, which is said to bear the slogan "Banks sell dreams."
In a recent process, one of these branches informed the information officer about the type of service I wanted and with a push of a button on a device specifying the type of service next to it, A paper with a special number written by the type of service and window number, and then invited me to sit with a number of the audience who was following the voice of a device calling on the numbers sequentially and calls each of them to the direction to the window to provide service, and after a few minutes I say the number I carry and the number of the window did not destroy I was more than a few minutes, d After a few minutes, I was asked for my name. I got the banking service that I wanted without queuing without moving between the windows and without going to the reproduction offices outside the building and without scowl.
http://alsabaah.iq/8126/%D8%A7%D9%84%D9%85%D9%88%D8%B8%D9%81-%D8%A7%D9%84%D8%B4%D8%A7%D9%85%D9%84
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Heritage University hosts the 6th Day of Financial Inclusion Week
Heritage University hosts the 6th Day of Financial Inclusion Week
04/30/2019
04/30/2019
Economy News - Baghdad
The Heritage University in Al-Mansour region on Tuesday hosted the activities of the sixth day of the financial inclusion week with the participation of 21 banks and a number of financial companies under the supervision of the Association of Iraqi Private Banks and the Central Bank of Iraq.
Al-Ahli Bank, Mashreq Al-Arabi, Al-Huda, Trust, Ashour, the Middle East, Iraq, Iraq, Iraq, Iraq, Al-Rajah Islamic, Jihan and Al-Rafidin, as well as Arab and Asian companies such as Hawala, Amwal, Zain Cash and Smart Card.
Within the framework of the Sixth Day of the Week of Financial Inclusion, the celebration of the Iraqi Private Banks was launched on the land of the Heritage University. These banks offered free offers and services to students, teachers and university employees, as well as their banking education.
A number of e-payment companies also raised awareness of the services of MasterCard and Visa Card, explaining how to benefit from them, as well as distributing gifts in which $ 100 was paid as a gift to visitors.
In cooperation with the private banks through the Association of Iraqi Private Banks through the provision of halls for the purposes of training on the land of the university, in addition to the proposal to open educational and awareness sessions between the university and private banks.
http://economy-news.net/content.php?id=16477
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Association of Iraqi private banks to establish banking efficiency on the land of the Hunting Club
Association of Iraqi private banks to establish banking efficiency on the land of the Hunting Club
05/04/2019
The Iraqi Trade Bank (TBI), the International Development Bank, Al-Huda Bank, Islamic World Bank and Al-Ahli Bank of Iraq participated in the event.
The director of relations in the Islamic World Bank, Fahd teacher in an interview with "Economy News", "The events have seen great interaction by the public through the identification of services provided by participating banks of electronic payment services and loans to small and medium enterprises," noting that it was opened Free bank accounts for citizens as well as the distribution of gifts for children.
"The teacher added that" the efforts of the Bank continues to enhance public confidence in the banking sector through awareness campaigns banking organized by the bank throughout the year. "
For his part, the Director of Banking Awareness Department at the Iraqi Bank for Trade Ghaith Ahmed said that "the objective of the bank's participation in the events of the week of financial inclusion to identify all segments of the community banking services that we offer to customers of the bank."
"The bank seeks to increase the number of users of MasterCard cards by spreading the culture of e-banking internationally."
A number of awards were presented at the end of the event.
05/04/2019
Economy News _ Baghdad
The Association of Iraqi Private Banks held a banking event during the financial inclusion week on Baghdad Hall at the Hunting Club.
The Iraqi Trade Bank (TBI), the International Development Bank, Al-Huda Bank, Islamic World Bank and Al-Ahli Bank of Iraq participated in the event.
The director of relations in the Islamic World Bank, Fahd teacher in an interview with "Economy News", "The events have seen great interaction by the public through the identification of services provided by participating banks of electronic payment services and loans to small and medium enterprises," noting that it was opened Free bank accounts for citizens as well as the distribution of gifts for children.
"The teacher added that" the efforts of the Bank continues to enhance public confidence in the banking sector through awareness campaigns banking organized by the bank throughout the year. "
For his part, the Director of Banking Awareness Department at the Iraqi Bank for Trade Ghaith Ahmed said that "the objective of the bank's participation in the events of the week of financial inclusion to identify all segments of the community banking services that we offer to customers of the bank."
"The bank seeks to increase the number of users of MasterCard cards by spreading the culture of e-banking internationally."
A number of awards were presented at the end of the event.
http://economy-news.net/content.php?id=16500
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Rafidain announces the mechanism of obtaining advances and loans and the use of MasterCard
Rafidain announces the mechanism of obtaining advances and loans and the use of MasterCard
Information / Baghdad ..
Al-Rafidain Bank announced on Saturday the closing of the Financial Inclusion Week held in a number of universities and entertainment centers as well as other places.
"The bank's pavilion has witnessed a great deal of popularity and momentum this year, as the bank's pavilion is the first place in the preparation of visitors to dazzle other banks," the bank's information office said in a statement.
"The bank's activities also witnessed the public's awareness of the importance of financial coverage and encourage them to open bank accounts and to inform them about the services provided by the bank to customers from advances, loans and the use of electronic payment tools." Ending / 25
https://www.almaalomah.com/2019/05/04/404169/
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Re: International Smart Card Company contributes to financial inclusion
[rtl]Towards the achievement of sustainable development Within the framework of the financial inclusion week for the period from 25 to 30 April 2019, the presence of the Iraqi Trade Bank TBI in:[/rtl]
[rtl]In order to identify the citizens of different segments of society services provided by the bank in cooperation with the Central Bank of Iraq and the Association of Iraqi private banks.[/rtl]
[rtl]#Bank_Araqi_For Trading[/rtl]
[rtl]# NetChange_Over_Over[/rtl]
[rtl]#_Week_cross_money[/rtl]
- [rtl]Creative Development School.[/rtl]
- [rtl]Faculty of Management and Economics - University of Baghdad.[/rtl]
- [rtl]Mutanabi Street.[/rtl]
- [rtl]Mall of Baghdad.[/rtl]
- [rtl]Alawiya Club.[/rtl]
- [rtl]The Times Square Mall in Basrah Governorate.[/rtl]
- [rtl]University of Iraq.[/rtl]
- [rtl]The two rivers university.[/rtl]
- [rtl]Heritage University.[/rtl]
- [rtl]Iraqi Hunting Club.[/rtl]
[rtl]In order to identify the citizens of different segments of society services provided by the bank in cooperation with the Central Bank of Iraq and the Association of Iraqi private banks.[/rtl]
[rtl]#Bank_Araqi_For Trading[/rtl]
[rtl]# NetChange_Over_Over[/rtl]
[rtl]#_Week_cross_money[/rtl]
https://tbi.com.iq/?news=%D9%86%D8%AD%D9%88-%D8%AA%D8%AD%D9%82%D9%8A%D9%82-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9-%D9%88%D8%B6%D9%85%D9%86-%D9%81%D8%B9%D8%A7%D9%84
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The CBI celebrates the distribution of prizes for the story contest
The CBI celebrates the distribution of prizes for the story contest
May 06, 2019
The Central Bank of Iraq celebrated the distribution of children's story contest awards, which coincides with the Week of Financial Inclusion .
The ceremony was attended by officials and employees of this bank as well as children participating in their stories in the competition with their loved ones. The first three winners were honored along with the rest of the children who participated in financial prizes and cards representing electronic payment cards for all children participating with gifts explaining many of the banking vocabulary and awareness. "Banking Awareness and Public Protection Section".
The awards were granted by the Tamkeen Fund, a joint venture between the Central Bank of Iraq, the Association of Iraqi Private Banks, banks and companies that mediate the sale and purchase of foreign currencies.
https://cbi.iq/news/view/1087
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Nusseiri: proposes new banking products to achieve financial inclusion
Nusseiri: proposes new banking products to achieve financial inclusion
08/05/2019
Al Nusairi said in a lecture at the International Smart Card Company, which was attended by "Al-Iktissad News", it should include a wide range of young people, university students, new graduates, entrepreneurs and farmers, and switch from the card to the green in a smooth manner, Their inclusion in loans and modern banking, prompting them to seek to change their yellow cards.
He stressed that the implementation of the work of these products will lead to a rise in the financial coverage to double the current rate of 23% according to World Bank indicators, which will make the contribution of electronic payment companies operating in Iraq, in particular the global company, which will be an active role and the actions of the Central Bank in the implementation of the national strategy of total financial .
Al Nusairi suggested that in order to achieve this expansion of cash credit granted the need to switch from the first generation yellow card to the green card within a period of time not exceeding 2019 for employees with ki cards and a smooth and inexpensive procedure for the subscriber services. In accordance with a timetable that ensures the facilitation of card holders, especially pensioners, who make up the bulk of customers in coordination with the National Pension Authority, which will raise the current coverage ratio to more than doubled.
He pointed out that the company, in coordination with Rafidain Bank and other banks contributing to the initiative of financing the SMEs of the Central Bank and the exploitation of liquidity coupled with the operational capacity of the company and infrastructure to find new banking products to include new segments of loans, including 68 thousand small and medium projects, Planning and the central bank, and focus on the university students in the private colleges to grant them loans to pay tuition fees and theses master's and doctoral dissertations and the guarantee of the Association of civil universities and an agreement with them to deposit the balances of universities In Rafidain Bank or private banks and as is the case in some countries.
He pointed out that the company should seriously consider moving to the low income segments, especially the peasants who live in the districts and regions to grant them loans for the import of cows for breeding purposes and use them to produce milk in coordination with the Agricultural Bank to benefit from the experiences of K in the field. For dairy plants and thus linking the borrower to production and development.
08/05/2019
Economy News _ Baghdad
Economic and banking consultant Samir Nusairi on Wednesday called on the international smart card company to add new banking products to achieve financial coverage.
Al Nusairi said in a lecture at the International Smart Card Company, which was attended by "Al-Iktissad News", it should include a wide range of young people, university students, new graduates, entrepreneurs and farmers, and switch from the card to the green in a smooth manner, Their inclusion in loans and modern banking, prompting them to seek to change their yellow cards.
He stressed that the implementation of the work of these products will lead to a rise in the financial coverage to double the current rate of 23% according to World Bank indicators, which will make the contribution of electronic payment companies operating in Iraq, in particular the global company, which will be an active role and the actions of the Central Bank in the implementation of the national strategy of total financial .
Al Nusairi suggested that in order to achieve this expansion of cash credit granted the need to switch from the first generation yellow card to the green card within a period of time not exceeding 2019 for employees with ki cards and a smooth and inexpensive procedure for the subscriber services. In accordance with a timetable that ensures the facilitation of card holders, especially pensioners, who make up the bulk of customers in coordination with the National Pension Authority, which will raise the current coverage ratio to more than doubled.
He pointed out that the company, in coordination with Rafidain Bank and other banks contributing to the initiative of financing the SMEs of the Central Bank and the exploitation of liquidity coupled with the operational capacity of the company and infrastructure to find new banking products to include new segments of loans, including 68 thousand small and medium projects, Planning and the central bank, and focus on the university students in the private colleges to grant them loans to pay tuition fees and theses master's and doctoral dissertations and the guarantee of the Association of civil universities and an agreement with them to deposit the balances of universities In Rafidain Bank or private banks and as is the case in some countries.
He pointed out that the company should seriously consider moving to the low income segments, especially the peasants who live in the districts and regions to grant them loans for the import of cows for breeding purposes and use them to produce milk in coordination with the Agricultural Bank to benefit from the experiences of K in the field. For dairy plants and thus linking the borrower to production and development.
http://economy-news.net/content.php?id=16563
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The participation of Rafidain Bank within the activities of the week of financial inclusion in the Mall of Basra
The participation of Rafidain Bank within the activities of the week of financial inclusion in the Mall of Basra
Rafidain Bank participated in the week of financial coverage at the Basra Time Square Mall in the province of Basra. The bank's information office said in a statement that the bank's pavilion witnessed a large turnout of citizens unlike other participating banks. Exhibits in the pavilion included illustrations and photographs illustrating the Bank's achievements. The distribution of brochures and identification cards showing the services provided by the bank from loans and advances and the issuance of electronic payment tools. In addition to answering questions of citizens regarding the types of banking services provided by the bank.
http://www.rafidain-bank.gov.iq/
Rafidain Bank participated in the week of financial coverage at the Basra Time Square Mall in the province of Basra. The bank's information office said in a statement that the bank's pavilion witnessed a large turnout of citizens unlike other participating banks. Exhibits in the pavilion included illustrations and photographs illustrating the Bank's achievements. The distribution of brochures and identification cards showing the services provided by the bank from loans and advances and the issuance of electronic payment tools. In addition to answering questions of citizens regarding the types of banking services provided by the bank.
http://www.rafidain-bank.gov.iq/
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
Financial inclusion and sustainable development
[size=36][rtl]Financial inclusion and sustainable development[/rtl][/size]
Monday, 13 May 2019
Monday, 13 May 2019
Abdul-Zahra Mohammed al-Hindawi
A year ago, the Central Bank of Iraq launched its national strategy for financial inclusion in Iraq, and witnessed the debate of the financial and business community at the time a wide debate, and various speculation, most of them was blasphemous towards the possibility of achieving the objectives of this strategy, to the extent that some counted "dreams birds, In the context of the facts of the Iraqi reality, which is experiencing a lot of problems
And contradictions.
One of the most prominent of these challenges is the absence or lack of trust between the citizen and the bank, as a result of certain circumstances and policies, which caused the existence of a general state of financial decline, represented by the reluctance of citizens to deal with banks, to the extent that the phenomenon of "home compactness" has become prevalent, Which led to the suspension of the financial and economic cycle of a huge mass of cash, estimated at 77 percent of the volume of currency traded, was outside the walls of the banking system, chunky at home, with the risk of risk of loss of these funds,
And development.
It is natural that such indicators would paint a pessimistic view of the financial sector in Iraq
, And thus represents an opportunity for pessimists to launch their predictions impossibly or at least difficult to pursue the objectives of the strategy of financial inclusion, which aims to provide banking and financial services to different segments of society, to achieve one of the objectives of sustainable development,
United Nations.
Iraq went on the knees of the international community to achieve those goals, and in return the optimists were unleashing their dreams unleashed, stressing that the scene will change, and that confidence will return, and we will get rid of the phenomenon of hoarding money home, to come to the owners to deposit in
Banks.
Between the teams of pessimism and optimism, the Central Bank has been working on the implementation of this strategy, in cooperation with government banks and private banks, and the latter, may enter the first time in the arena of competition with government banks, and was the result of this competition, in the implementation of the strategy of financial inclusion , The project to settle the salaries of state employees, and private banks have a good area in this resettlement project, to the extent that some of them outnumber citizens, the government, the result of privileges and ease of procedures provided to customers, it is very clear that there has been a positive change in the scene Financial and Monetary For the Iraqis, after the launch of the strategy of the Central Bank, and indicators of this positive change, is the rise of the proportion of banking industry to 23 percent at the end of 2018 after the ratio of 11 percent in 2014, "as announced by the Association of Iraqi private banks in a report issued recently.
When we talk about an increase of more than 50 percent in the number of customers with banks, this is an important indicator, confirming that the signs of improvement continue to emerge, and the extent of financial coverage in a constant expansion, without forgetting to say, the proportion of (23) Is not large at a time when the percentage of those who have bank accounts around the world to more than 70 percent of the adult population, but can not in any way compare our situation, as other countries preceded us in this regard, while Iraq faced conditions that were not easy Has caused a decline in many development sectors, including the sector
Banks.
In summary, what we can now diagnose is that there is an improvement in the type of relationship between the citizen and the banking sector, which would enhance the policy of opening up the trade by investing the monetary mass, which was absent due to lack of confidence.
There is no doubt that the return of this confidence and steps may seem slow, but it will be established to open the horizons and bridges important to expand the scope of financial coverage, and I think we are close to watching small ATMs
, And spread everywhere, in the vendor of greenery, and in the oven and the barber at the barber, and certainly that the prevalence and spread of this scene requires great efforts by all concerned, to achieve comprehensive financial coverage, in the pursuit of the goals of sustainable development, as the banking sector One of the most important
Their paths.
http://alsabaah.iq/8736/%D8%A7%D9%84%D8%B4%D9%85%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%88%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9
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