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After the increase in oil revenues, an economist calls for the provision of a credit card for every Iraqi

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After the increase in oil revenues, an economist calls for the provision of a credit card for every Iraqi Empty After the increase in oil revenues, an economist calls for the provision of a credit card for every Iraqi

Post by RamblerNash Thu Mar 17, 2022 9:29 pm

After the increase in oil revenues, an economist calls for the provision of a credit card for every Iraqi 963508-64cba3d3-ec68-41f1-818e-ff343e4c798e
Wednesday 16 March 2022 09:54
 
Baghdad / NINA / - The expert in economic affairs, Raad Twij, called for providing a credit card for every Iraqi individual that works to stimulate saving money when there is a financial abundance in the Iraqi economy after the increase in oil revenues.

In a statement to the National Iraqi News Agency ( NINA ), Twij said in order to increase savings, consolidate the digital economy and financial inclusion, and transform the saved amounts into investment, and in order to expand the roles of governmental and private banks and financial leverage, which qualifies them to contribute to supporting the labor and investment markets.”

He called for providing a credit card for all An Iraqi individual works to stimulate saving money when there is a financial abundance in the Iraqi economy and its reflection on the individual, which can pay any deficit in the individual's income and financial assets, especially the fragile classes.

He pointed out that this "will enhance the public's confidence in the Iraqi economic system in general and the banking system in particular, improve the operation and flow of financial resources in Iraq and reduce the hoarded cash, estimated at 77% of the Iraqi wealth.

He continued, "With this credit card, we will work to encourage citizens within a future vision to participate in the financial markets and consolidate The credit economy, diversifying the economy, developing deposit and lending banking policies, and improving monetary policy, as more services will be obtained from the Iraqi dinar, and a database will be available.”/ End 8

https://ninanews.com/Website/News/Details?key=963508

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