Banking illiteracy .. it causes the migration of funds from the country


Iraq today / special
Advised academic and member of the World Union of Arab Bankers - Sadiq al-Shammari b: "The importance of financial inclusion in enabling individuals to work, and turn potential into productive in various disciplines, as well as the promotion of financial independence for individuals, and reduce dependence on families and friends," and generalities to details, where Shammari was found in his interview with us, the opportunity to extensively customized:
"The inclusion of a greater number of members of the community banking services would reduce the rates of poverty, and raise the economic growth in all productive and service sectors, through the creation of a favorable environment to get all segments of society to finance and financial services that are essential to promote it through the Millennium Development Goals ", and the importance of financial inclusion in the agendas of countries, said al-Shammari," participated in the Arab Banking Conference 2015 which was held in Beirut recently, and raising the issue of financial inclusion within the main topics raised at the conference ", and the motives of interest in this subject, person-Shammari: "The global focus on addressing the subject of financial inclusion, stems from several reasons .. in the forefront of not having large numbers of people in different parts of the world, especially Asia and Africa, a bank account in the official financial institutions, and lower borrowing rate than the official financial institutions, as well as banking illiteracy ", and the world take advantage of the need for financial inclusion:" It's on a global scale has been significant progress in the expansion of the scope of this concept, it increased the number of people who have an account at a financial institution by about 700 million people between 2011 and 2014, and increased with respect to paragraph Benefit: "It is in 2014 owned 62 percent of the world's adult population, a bank account, where the figure rose from 51 percent in 2011".
But in terms of actually frustrating, we read: "It is in contrast there are regional differences and wide in the ownership of the accounts, which owned 94 percent of adults in the Organization for Economic Cooperation and Development (OECD) bank account in 2014, compared with 54 percent in the developing economies "And the reality of banking illiteracy in the world and figures:" It is to this day there are about 2 billion people, or 38 percent of adults in the world, do not have access to formal financial services or Aataamilon with the banks, because of the high costs and long distances and requirements burdensome often to open financial account, in addition, there is a wide gap in the ownership of bank accounts between males and females, where the gap was 7 percent globally, and 9 percent in developing countries ", and is worth Balzkr- according to assess Shammari:" The women make up 55 percent of adults who to Aataamilon with the banks ", and the advantages of financial inclusion in Shammari agenda:" The financial inclusion has a big role in the development of communities, and the alleviation of poverty in all forms, and the integration of women and equality work and jobs, and thus achieve the welfare of society in order to secure and stable life by enabling those with limited income from investments in financial services, at a reasonable cost, especially when taking into account, high unemployment and low wage rates, and the weakness of women's participation in labor markets, with a number of Arab countries ", and Maihvz financial inclusion:" There is importance in the adoption of the principles of corporate governance .. any good governance in safeguarding the rights of all shareholders and to raise the role of the stakeholders, and promote a culture of transparency and disclosure, and determine the proportions of the credits granted to banks for projects micro, small and medium, "and also:" the need to innovate and diversify advanced services and the development of financial products and services in the region, with the aim provide innovative services, and low-cost, dedicated to all segments of society, regardless of gender, sex, and the importance of the adoption of the products offered by Islamic banks, to give a push financial inclusion, by allowing individuals and small and medium-sized enterprises who prefer dealing compliant financial operations with the law, to deal with the banking system. "