An official on the valuable bank of Iraq stated that “stimulating the money hoarded in houses and shifting it to the banking quarter is one of the maximum vital challenges dealing with the modern-day degree.”
The representative of the primary financial institution of Iraq on the Baghdad international fair, Athraa Taha Juma, stated that “the authorities is running to develop regulatory frameworks that support the transition to a virtual economy, specifically in the field of digital charge.
” She explained that “the transition that Iraq is witnessing towards a virtual financial system is essential.”
Juma pointed out that “one of the most essential challenges going through the contemporary degree is gaining citizens’ self belief in digital payment products, to be able to make a contribution to stimulating the cash hoarded in homes and moving it to the banking sector, as this variation is part of a bigger approach aimed toward stimulating the country wide economic system through investing money in a manner that serves most important initiatives inside the us of a.”
