Diagnosis Of Financial Literacy Effects on Financial Sector in Iraq During Covid 19 Pandemic Analysis Study

Abstract

The research aims to identify and diagnose the influence of literacy on the financial system in Iraq and the extent of this impact that was measured during the Corona pandemic that led to many financial crises. The research studied illiteracy eradication through basic dimensions and used statistical analysis programs Amos to study, analyze and test the basic assumptions of the research Which was relied on a sample of 200 divided into employees (105) and non-employees (95) to determine the impact of literacy during the pandemic period and reached many recommendations. The goal is to describe a phenomena defined as Financial Literacy in the Iraqi financial industry. To prevent financial difficulties, financial literacy is a fundamental and essential for everyone. Financial problems may arise not just as a result of poor income; they could also arise as a result of financial management mistakes including a absence of sufficient planning or the abuse of credit. Given the rising prevalence of financial literacy in several industrialized nations, it's easy to see why we should value our degree of financial understanding. Financial literacy was also declared a national program in several nations. The study's findings indicate that developed nations, particularly emerging countries, have a poor degree of financial literacy. Since financial literacy and financial education have a good connection, this situation has become a significant issue.