Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq
Iraqi Private Banks Association: More than 4.8 million active bank accounts in Iraq
01/30/2021

01/30/2021

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- VIP NewsHound
- Posts : 18417
Join date : 2018-11-04

» Launch of the Baghdad International Book Fair
» Association of Private Banks: Banks are working on issuing four million bank cards
» The second reading festival opens in Mosul under the joint sponsorship of the Association of Iraqi Private Banks and the Central Bank of Iraq
» Association of Private Banks: 3 million Iraqis will establish a bank account during the next two years
» The Central Bank of Iraq and the Association of Private Banks participate in the World Forum of Islamic Banks
» Association of Private Banks: Banks are working on issuing four million bank cards
» The second reading festival opens in Mosul under the joint sponsorship of the Association of Iraqi Private Banks and the Central Bank of Iraq
» Association of Private Banks: 3 million Iraqis will establish a bank account during the next two years
» The Central Bank of Iraq and the Association of Private Banks participate in the World Forum of Islamic Banks
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» USD/IQD rate closes higher in Baghdad, Erbil
» Dinar Devalues 22%
» The dollar flies over 170,000 Iraqi dinars
» Guru MarkZ 1/31/23 pm
» Gurus Frank26 & Firefly 2/1/23
» Guru MountainGoat 2/1/23
» Guru Judy 1/31/23
» Guru Bruce Dingleberry 1/31/23
» Guru Okie 1/31/23
» Casinos would surely bring hefty revenues. But Vietnam should have, at most, two casinos, say experts. That said, they also agree that the casinos should be open to all, including Vietnamese.
» New member
» Gurus Frank26 & Firefly 1/30/23
» Guru Sandy 1/30/23
» Guru Nader 1/30/23
» Guru Judy 1/30/23
» Guru Okie 1/29/23
» Guru MountainGoat 1/29/23
» Interim governor briefs Iraq's deputy parliament speaker on CBI's plan to control the forex market
» Keeping devaluation might be Iraq's strategy to suppress depreciation: lawmaker
» Al-Sudani's cabinet has no intention to reverse the dinar's devaluation: lawmaker
» Iraqi dinar plunges to a new low
» "RV UPDATE" BY SANDY INGRAM, MNT GOAT, MARKZ, NADER FROM MID EAST AND FRANK26 1/28/23
» "STATUS OF RV" BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» HOT NEWS BY DINAR IRAQ AND DONG VIETNAM 1/28/23
» Guru Okie 1/28/23
» Guru MarkZ 1/28/23 am
» More than 750 artifacts discovered in Basra 1/29/23
» Mark Zerfoss (aka MarkZ) Intel On The Arrests
» 4,700-year-old ‘tavern’ — complete with fridge, oven and food — unearthed in Iraq 1/26/23
» Guru MarkZ 1/26/23 pm
» Guru Okie 1/27/23
» Guru Judy 1/27/23
» Guru Bruce Dingleberry 1/26/23
» Guru MarkZ 1/27/23 am
» STATUS OF THE RV by Anonymous 1/26/23
» Guru MarkZ 1/16/23 pm
» Guru OkieOilman 1/26/23
» Guru MarkZ 1/15/23 pm
» Guru Judy 1/26/23