Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage
Central Bank: Stimulating hoarded money in homes is one of the most important challenges of the stage
2025/02/06
An official at the Central Bank of Iraq said that “stimulating the money hoarded in homes and transferring it to the banking sector is one of the most important challenges facing the current stage.”
The representative of the Central Bank of Iraq at the Baghdad International Fair, Athraa Taha Juma, stated that “the government is working to develop regulatory frameworks that support the transition to a digital economy, especially in the field of electronic payment.
” She explained that “the transition that Iraq is witnessing towards a digital economy is important.”
Juma pointed out that “one of the most important challenges facing the current stage is gaining citizens’ confidence in electronic payment products, which will contribute to stimulating the money hoarded in homes and transferring it to the banking sector, as this transformation is part of a larger strategy aimed at stimulating the national economy by investing money in a way that serves major projects in the country.”
alforatnews.iq
