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Electronic currency, prevent tampering with the collection of funds

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rocky
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Electronic currency, prevent tampering with the collection of funds

Post by rocky on Sun Jul 31, 2016 10:26 pm

Electronic currency, prevent tampering with the collection of funds

31/7/2016 12:00 am
Baghdad – Mostafa Hashemi


Adoption of advanced technology in financial payments to citizens "check the country's big economic feasibility through bypassed all tampering and corruption that could accompany a different public services revenue, and successful international experiences to address the economic problems of the gate must be developmental regression suffered by Iraq and finds specialists that electronic currency is one of the gates of reform to be adopted in the operations collection.

Iraqi National Business Council President Daud Abdul ROAR stressed that advanced technology in large revenues revenue operations to Iraq by issuing electronic money «electronic dinar», stating that if the internal State revenues are estimated at 15 billion dinars in taxes and levies instructs Finance Ministry printed 15 billion dinars Email.

The electronic currency poses every four months from the first month in the year and uses electronic dinar in levies and payment is used in various levies fines, electricity, water, taxes, real estate registration.

Million dollars

He said: "I see the value of this State-sponsored $1 million system achieves large cost, and put the first meal in the first four months of the year are thrown a specific amount of currency during the period when the shortfall amount allocated is thrown four more months of the year but work in, so that electronic money has a beginning and not an end it» Guaranteed».

He noted that this currency can be displayed before a traded months and here awalmstvid citizen can be purchased at a discount and sell them without deduction during the period traded here have achieved great benefit as it achieves economic feasibility when transferred funds from the banking system compactness can employ these funds in the labour market and move the various economic activities stalled because of lack of credit in The banks.

He noted that the State could intervene and help move money stashed away to the banking system, the electronic currency operates a sophisticated system pays amounts and prevents all the trails of corruption and bureaucracy and depends in most countries of the world, indicating the importance of a Government decision to release and that big gains for State revenue without pressure on citizens to ensure complete delivery to the State Treasury only levies.

Economic growth

He stressed the importance of benefiting from the successful experiences in addressing our economic problems where over much of the State as conditions affecting our country and managed to overcome and achieve economic growth, which leads us to work very hard to extricate Iraq from the painful reality.

Customs entry and demanded the ROAR that sophisticated systems in customs clearance and bypass traditional systems currently supported and which confuse the reality of work interspersed with manipulation of the customs value.

He stressed that in all the world there is a barcode system which includes sequential numbers represent symbols of specific industry and country of origin where they can learn the material manufacturer and its source through this system, when the arrival of manufactured articles worldwide Customs met is supported ports depending on non-barcode For manipulation.

The Iraqi National Business Council proposed increasing fees for import permits and coding under barcode types of imported goods and customs and tax fees directly and can be done by private sector companies are prior clearance Payment.



http://www.alsabaah.iq/ArticleShow.aspx?ID=120574

rocky
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Electronic currency

Post by rocky on Wed Aug 03, 2016 2:58 pm

Electronic currency

Writer: Yasser Metwally
03/8/2016 12:00 am

Enjoyed the seminar «introduction of electronic currency trading and cash» of the economic importance and direct connotations with interest of elite business and finance and Economics experts and interacted with this event organized by the Institute of advancement of development policies as usual in choosing sensitive topics and seek economic reform requirements

Efforts by the Iraqi Central Bank by preparing to announce a date for the implementation of this programme by evolving global trading market where the Central Bank Governor said when launching the program by 2017.

For its part, the Central Bank is fully prepared, including expected challenges facing this ambitious programme?

It may be useful to note that successful implementation depends on arms in alauhi implementation banks and finance companies, how much she's willing to make its ambitious Central subsidy?

Then this exact system which envisaged the Central Bank in dealing with the risk of relying on global companies working with advanced international standards, how much time you need the beneficiaries of government departments and institutions to respond to and interact with this software to implement it fully.

This system also has a property at least as important as its predecessors and related leave deal almasy or instruments and carry cash and risk of theft and damage to the large banhas citizen also allows use of its dealings in comfort and without its disturbing and grim reviews hustle and routine things time. 

These advantages but certainly deserves attention so I said in the introduction to the Symposium had vertical interest elites and professionals, what is needed to ensure the success of this program?

Starting to be deepening the culture of electronic currency and a Central Bank, ministries and civil society organizations with Economic Affairs and especially the Association of banks.

The larger task assumed by economic information organs through the deepening of this culture both pens or alvdaier programs and all the media believes in the importance of saving the economy and not to adopt statements that try to put a spoke in the wheel, except that no possibility of implementation thanks to benevolent efforts.



http://www.alsabaah.iq/ArticleShow.aspx?ID=120668

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