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[size=52]Economist: Switching to electronic cards will allow the Central Bank to track the movement of the dinar[/size]
- Today 13:23
Information / Baghdad...
Economic expert, Safwan Qusay, confirmed on Tuesday that the shift towards adopting electronic cards in financial transactions will allow the Central Bank to track the movement of the dinar, pointing out that working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes.
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Qusay told Al-Maalouma, “The Central Bank will be able to track the movement of the dinar through the Ministry of Oil’s procedures to activate electronic cards at fuel filling stations, as well as reduce cases of corruption that may occur when supplying generator owners with kerosene.”
He added, "The more the federal ministries expand their procedures to shift toward electronic cards in financial transactions, the more they will be able to convert transactions from paper dinars to electronic ones that go directly into the banking system."
He stated that "working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies. It will be placed in the banking system and re-injected in the form of projects and job opportunities." Ended 25 n
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Economic expert, Safwan Qusay, confirmed on Tuesday that the shift towards adopting electronic cards in financial transactions will allow the Central Bank to track the movement of the dinar, pointing out that working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes.
[You must be registered and logged in to see this link.]
Qusay told Al-Maalouma, “The Central Bank will be able to track the movement of the dinar through the Ministry of Oil’s procedures to activate electronic cards at fuel filling stations, as well as reduce cases of corruption that may occur when supplying generator owners with kerosene.”
He added, "The more the federal ministries expand their procedures to shift toward electronic cards in financial transactions, the more they will be able to convert transactions from paper dinars to electronic ones that go directly into the banking system."
He stated that "working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies. It will be placed in the banking system and re-injected in the form of projects and job opportunities." Ended 25 n
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