Authors: Assistant Professor Mr. Manoj Sangisetti, Hali Wamedh Salman
Abstract: Financial inclusion has emerged as a strategic priority for both developing and developed nations, with significant investments made in financial, technological, and human resources to strengthen economic participation across all societal segments. In this context, banks play a pivotal role in fostering economic development and ensuring the long-term financial stability of a country. However, the success and sustainability of financial inclusion require collaborative efforts from governments, financial institutions, and the public. This study focuses on assessing the level of financial literacy related to financial inclusion among individuals in Iraq, a developing economy. Data were collected through structured questionnaires administered to a representative sample of the population, with responses measured using a Likert scale. The data were analyzed using descriptive statistical techniques via SPSS software. The findings reveal a moderate level of overall awareness regarding various aspects of financial inclusion, with notable differences across specific areas. The results underscore the importance of enhancing financial literacy as a critical factor in increasing public participation in formal financial systems. The study concludes that improving financial literacy can significantly contribute to the sustainability and performance of banking institutions, ultimately supporting broader economic growth.
