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Chamber of Commerce: 65% of the money is stored in the homes of Iraqis
November 5 12:41
Information / Baghdad..
The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, revealed on Sunday that about 65% of private money is stored in the homes of Iraqis. Al-Tamimi told Al-Maalouma,
“The economic and financial file in Iraq needs a road map that contributes to correcting it,
especially with the many mistakes in the mechanisms for dealing with crises,
not to mention the push to rely on the sale of oil as a basic resource for the country’s treasury.” He added,
"65% of the money is hoarded in the homes of Iraqis, and
this is a grave mistake whose causes were multiple,
most notably the failure of plans to attract money over many decades," pointing out that
"there are 3 solutions, the
most prominent of which is giving advantages to placing money in banks and
opening investment channels that push...
Moving the economic file, especially in vital files, including residential investments and others. He pointed out that
"getting people to put money in banks gives flexibility in paying salaries and increases the obligation to give financial loans in a way that pushes the economy to grow at a higher pace."
The national economy is suffering from great difficulties in light of its heavy dependence on the sale of oil to finance the treasury.
https://almaalomah.me/news/46009/economy/غرفة-التجارة:-65-من-الاموال-مكتنزة-في-بيوت-العراقيين
