Monetary stability and financial inclusion
Author: Mohamed Sherif Abu Maysam
07/5/2018 12:00 am
With the launching of the Financial Inclusion Week, in conjunction with the Arab Week of Financial Inclusiveness, the importance of working on monetary stability as an attractive factor for the monetary bloc in the direction of the banking arena will be of importance to the other axes in which the sponsors of the Inclusion Program Financial.
As the case of price fluctuations in the parallel exchange market is a factor of expulsion added to other factors contributed to and contribute to the imbalances experienced by the banking system in the country,
which stands in the forefront of the lack of confidence inherited between the banking sector and the public, along with the routine pattern inherited in the mechanisms of work and increased loopholes In the series of service sale processors, as well as the rights of the customer violations due to the continuation of working patterns of bureaucratic handling in banks the public.
It seems that the introduction of the vocabulary of the national financial coverage program has been limited to intensifying efforts in the areas of introduction of technologies and means of electronic payment and delivery of electronic exchange units to the farthest point in the countryside and the city alongside the axis of public protection and the establishment of a culture of dealing with the public within the financial institutions, Devoting the axes of the banking culture, which stands at the forefront of culture Saving.
But the state of monetary stability is an important factor to instill public confidence in the national currency and a state of optimism about the decline of the role of the parallel market to the exchange market and official transactions,
which will contribute to ensure the stability of the public opinion about the vulnerability of the national currency to declines that could damage the value of their savings in the banking sector Thus,
with the activation of the role of the work axes of the National Financial Inclusion Program, in which the introduction of technologies through ATM units, the dissemination of banking awareness and the protection of the public, will play a major role in the withdrawal of the condensed cash mass, Rliun dinars of the total mass of cash issued by the Central Bank, amounting to about forty trillion dinars.
With the decline of the dollar exchange rate during the past weeks to rates reached about 1190 dinars to the dollar, despite the attempts of speculators to keep the rate of 1200 dinars per dollar and promote the possibility of rising prices,
but the constant stability of the exchange rate close to the exchange rate of sale at the central bank auction and 1189 dinars per dollar, indicating to the looming of the features of real monetary stability, which will be revealed days Coming.