KTFA (Samson)

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Samson: More than 4.8 million active bank accounts in Iraq

30th January, 2021

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, confirming that the number of activated bank cards is more than 11.2 million cards.

The executive director of the Iraqi Private Banks Association, Ali Tariq, said in a press release, received by Shafaq News, that bank accounts amount to more than 4.8 million accounts, which is a very good percentage, and is witnessing a significant annual growth, which is more than 44% thanks to the salaries nationalization program for state employees and the opening New companies in addition to the citizens’ need to save in banks because of the high interest rate of fixed deposits and purchases from the Internet and others.

He noted that the number of currently activated bank cards is more than 11.2 million cards, while the number of ATMs is 1170 devices, explaining that the point of sale devices known as POS amount to about 4,000 devices, and electronic payment companies are working to increase to include all stores throughout the country during the years Coming.

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

He stressed that “the strategy of the Central Bank of Iraq to enhance financial inclusion contributed to increasing bank accounts, bank cards and electronic payment devices, in addition to being able to diversify banking services to all citizens in Baghdad and the provinces,” noting that the Central Bank is working with the International Monetary Fund and the Arab Monetary Fund, And the World Bank, the Association of Private Banks and other financial institutions to promote the concept of financial inclusion inside Iraq.  LINK

Samson:  The Sairon Alliance stresses the need for a “Kurdish conviction” to pass the 2021 budget

30th January, 2021

The Saeron Alliance, supported by the leader of the Sadrist movement, Muqtada al-Sadr, suspended today, Saturday, the fact that there is a parliamentary and political approach to pass the 2021 budget bill without the approval of the Kurdish political forces.

The leader in the coalition, MP Riad Al-Masoudi, told Shafaq News, “The current indications are that the 2021 budget bill will be passed with the approval and support of the Kurdish political forces,” stressing the need for a Kurdish conviction about what was mentioned in the budget, and they are aware of the need to vote on the budget in a manner Fast, and they don’t want to delay it.

Al-Masoudi indicated that “all political forces, including the Kurdish, will engage in decisive meetings during the next two days in order to finally agree on passing the budget during the current week, after the financial committee has fully completed the project, and it has not remained until consensus and political agreement on it.”  LINK