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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Central: The use of electronic payment tools will be circulated in the government and private sector

    Rocky
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    • Post n°1

    Central: The use of electronic payment tools will be circulated in the government and private sector Empty Central: The use of electronic payment tools will be circulated in the government and private sector

    Post by Rocky Sun 22 Jan 2023, 10:49 am

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    21-Jan-2023
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    [ltr]ACTIVATING ELECTRONIC PAYMENT TOOLS IN IRAQ (FACEBOOK)[/ltr]

    Ultra Iraq - Editorial Team
    On Saturday, January 21, 2023, the Central Bank of Iraq confirmed that the use of electronic payment tools will be circulated in the government and private sectors in a binding manner.
    The bank's deputy governor, Ammar Hamad Khalaf, said in [You must be registered and logged in to see this link.] , "The Cabinet's decision to activate electronic payment in all joints aims to reduce the use of cash and increase dealing with funds electronically through the use of cards, and it is an important complement to the salary settlement project, which began to be implemented several years ago."
    He added, "The decision will enable the bank to implement a mechanism that enables employees to receive their salaries through the payment cards currently used, such as MasterCard, and to be filled into their bank balance without the need to receive cash."
    He continued, "The Central Bank will intensify its efforts to increase the use of payment cards in markets and shops, and the Cabinet's decision will require government institutions and all spending units in the public and private sectors to find electronic payment devices in their dealings."
    He stressed that "payment via electronic devices will reduce cash circulation, and it is better in terms of saving money and safer than transferring it."
    And the Central Bank had said earlier that the electronic payment method “will be circulated as binding procedures for owners of projects and shops, and that existing cards such as Master and Visa Cards can be used for payment without the need to issue new ones.”
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