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Parliamentary efforts to increase savings and investment awareness among citizens
Thursday, 03 September 2015 14:07
Shafaq News / The member of the parliamentary economy and investment committee , Burhan al- Mamouri confirmed on Thursday the presence of efforts to increase awareness of savings
and investment among Iraqi citizens as an optimal solution to alleviate the financial crisis.
Mamouri said in a statement received by Shafaq News, that the nature of savings culture among Iraqis has been and continues to rely on a style of what is known as monetary freezing policy, the more surplus to the needs of citizens of liquidity is saved either by buying gold jewelry or keep them as foreign currency such as the dollar or Iraqi dinar or even sometimes resort to buy residential land and leaving them.
He noted that the financial and economic developments in the world followed up at the level of countries of the region, especially the Gulf countries devised quick means to take advantage of these savings within adequate investment frameworks for its development during short periods to achieve extra revenues to the citizen on one hand and contribute to economy development of the country on the other.
He said the only country in the region which does not have the culture of stock market development is Iraq, where its trading operations still confined within a very small group compared to the reluctance of the public to the need to increase awareness of these methods of saving.
Mamouri concluded that resorting to such savings cultures will be reflected positively on the Iraqi economy through the exploitation of nearly 42 trillion Iraqi dinars in circulation currently on the market added another $ 45 billion also stuck between citizens and the banking sector.
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Thursday, 03 September 2015 14:07
Shafaq News / The member of the parliamentary economy and investment committee , Burhan al- Mamouri confirmed on Thursday the presence of efforts to increase awareness of savings
and investment among Iraqi citizens as an optimal solution to alleviate the financial crisis.
Mamouri said in a statement received by Shafaq News, that the nature of savings culture among Iraqis has been and continues to rely on a style of what is known as monetary freezing policy, the more surplus to the needs of citizens of liquidity is saved either by buying gold jewelry or keep them as foreign currency such as the dollar or Iraqi dinar or even sometimes resort to buy residential land and leaving them.
He noted that the financial and economic developments in the world followed up at the level of countries of the region, especially the Gulf countries devised quick means to take advantage of these savings within adequate investment frameworks for its development during short periods to achieve extra revenues to the citizen on one hand and contribute to economy development of the country on the other.
He said the only country in the region which does not have the culture of stock market development is Iraq, where its trading operations still confined within a very small group compared to the reluctance of the public to the need to increase awareness of these methods of saving.
Mamouri concluded that resorting to such savings cultures will be reflected positively on the Iraqi economy through the exploitation of nearly 42 trillion Iraqi dinars in circulation currently on the market added another $ 45 billion also stuck between citizens and the banking sector.
[You must be registered and logged in to see this link.]
