Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

 Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq

Go down

 Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq Empty Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq

Post by claud39 Sat Jan 30, 2021 1:17 pm

 Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq




01/30/2021



 Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq 19254





Economy News - Baghdad



The Iraqi Private Banks Association announced, on Saturday, that the number of bank accounts in banks operating inside Iraq amounts to more than 4.8 million bank accounts.

The executive director of the Iraqi Private Banks Association, Ali Tariq, said in a statement received by "Al-Eqtisad News", that "bank accounts amount to more than 4.8 million accounts, which is a very good percentage, and are witnessing a significant annual growth, which is more than 44% thanks to the program of nationalizing salaries of state employees and opening new companies." In addition to the need of citizens to save in banks because of the high interest rate of fixed deposits and purchases from the Internet and others.

He added that "the number of currently activated bank cards is more than 11.2 million cards, while the number of automatic teller machines is 1170 devices," explaining that "point-of-sale devices known as POS amount to about 4,000 devices, and electronic payment companies are working on an increase to include all stores across the country. During the coming years. "

He added that "the activated electronic wallets amount to more than 3.5 million wallets, and the points of cash payment amount to about 13 thousand devices spread throughout Iraq."

And that "the strategy of the Central Bank of Iraq to enhance financial inclusion contributed to the increase of bank accounts, bank cards and electronic payment devices, in addition to that it was able to diversify banking services to all citizens in Baghdad and the provinces," pointing out that "the Central Bank works with the International Monetary Fund and the Monetary Fund." Al Arabi, the World Bank, the Association of Iraqi Private Banks and other financial institutions to promote the concept of financial inclusion inside Iraq.





claud39
claud39
VIP NewsHound
VIP NewsHound

Posts : 18128
Join date : 2018-11-04

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum