CBI approaching the issue dinar-mail and enter it in the business dealings
July 31, 2016
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Special - NEN Iraq
The support of the Businessmen Union and the National Business and the Association of Private Banking Council, the Central Bank of Iraq is close to issuing e - dinar and enter it in their own government and private banks and trading experts in the banking, economic and financial affairs discussed the step of the Central Bank of Iraq to issue e - dinar and the application of advanced electronic systems in dealings trade various details .. experts called in a seminar held by "Institute of the progress of the policy development" with the participation of Governor of the Central Bank Mr. Ali Keywords and president of the National Business Council of Iraq David Abdul Zayer and general manager of the Rafidain Bank Dr. Khawla al - Asadi and representatives of the Iraqi private banks association and others .. called for speeding in the application of these systems because of their impact in encouraging savings and improve the level of GDP as well as contribute to the development of the reality of the banking sector in the country , MP Dr. Mehdi al - Hafez , who moderated the seminar , said at the outset .. since the period we are talking about a banking reform and the issue was the main always is to find appropriate mechanisms for reform, .. indicating that many targets set in this direction, but regrettably not achieved the desired reform for many reasons .. stressing that the country the day before the big task is how we can develop the banking sector from either the government or the National .. indicating that means and mechanisms of the reform is to subject the currency to the electronic system. Then Governor of the Central Bank Mr. Ali Keywords occur .. Indicating that the payments system is an important pillar of the banking and financial sector, this system consists of the first two phases related to the large total transactions between banks and companies within the system that the settlement of these transactions and conduct clearing operations and liquidation of the great number of daily banking transactions .. The second stage retail payment system, which represents the daily transactions for individuals to pay their obligations through electronic card or mobile phone and so on . He pointed out that the role of the central bank carry out surveillance and supervision including the Aada regard to the presence of problematic in banking transactions at the country level and the requisite large size of the precise regulation .. may be the role of an operator or partner or user of the system of electronic banking .. stressing that the future role of the Bank is to supervise order and entrusted the task of running a company or a group of private sector companies. He Keywords that the application dealing electron requires work to provide the infrastructure required, including the legislative and legal structure governing the banking services to all the details of the system was the central bank to conduct a comprehensive review of the laws of banking and regulations in force and put a preliminary draft the required legislation in this area of legislation as well as the issuance of electronic payment system and controls subscribe to the infrastructure of the payment system retail .. explaining that the amount of $ 20 trillion dinars are being handled by a month as part of a system which is fast, accurate and support the national economy away from a lot of problems is a wonderful and very sophisticated system and help the bank to do a follow - up to all these operations and prevent violations and abuses and is updated through the end of 2015 and not the state of the problem being that with the World Bank to review and evaluate the national payments system has been set up three locations for the data in the whole of Iraq and one outside Iraq to recover from the risks, and we need a comprehensive banking systems followed by banks so the system can achieve its goals .. revealing that the government banks do not have such an electronic system although has hundreds of branches, .. declaring that the bank took the initiative to adopt an alternative system to perform is task after he gave the government banks until next September to adjust their positions within this electronic system and pointed Keywords that the regulatory side is being handled by the central bank by issuing controls the use of electronic credit cards and there are plenty of companies that submitted bids for work on the processing of these cards the bank to the fact that the center has the National divider which regulates these processes and this divider represents an incubator electronic banking operations .. indicating that the Bank elaborate scheme Standalq in early 2017 to regulate such operations, and expressed regret about the low percentage of beneficiaries and users in Iraq who are not to exceed 10 per cent and 8 per cent of these are very limited operations such as receiving salary only and there are 2 per cent of Iraqis are using smart cards .. explaining that trends in will help expand financial inclusion through the entry of more citizens to these systems and thus take advantage of in the possession of people 's money supply which amounts to 77 per cent outside the system as well as the disposal of trading problems cash. President of the National Business Council , the Iraqi professor David Abdul Zayer talked about the point of Iraqi businessmen 's views on the banking systems and the introduction of e - dinar .. Indicating that the main reason for the introduction of Alaketorneh currency in banking is the result of having 77 per cent of the national currency outside the banking system and there are only 23 per cent moving into this system which represents government deposits only, while the citizen who does some financial transactions through banks is a result of having had to complete certain transactions pay to insert his money to the bank and taking them out and this mechanism demonstrate that there is an imbalance in the banking system, and this imbalance lies in vibration or lack of trust between the customers of the banking sector or depositors .. indicating that the overall system is located and control adjacent to the circulation of money is causing a major disruption as a result of the absence of the electronic system and therefore, the depositor remains worried about his money because he did not know the fate it is possible to go to fund terrorism or corruption or fraud because that followed the banking system is one of the old regimes and came to an end 100 years ago , a paper - based system at a time when the world arrived in style Allankadi ..lavta that we do not want to talk idealism as much as we sought to develop a plan for a specific time and put a clear goal , such as access to 70 per percent of electronic transactions in 2020 and in 2025 we get to an uncritical appeal stage according to the goal and the slogan is being adopted in accordance with the plan that includes the user and the consumer and the port to random leave economic cash trading and methods that are no longer viable and praised Zayer procedures followed by the central bank in the application of electronic systems afterthought. . but a big gap between customers and banks, this gap to Aathmlha central bank but the Ministry of Finance government banks incurred and this problem started in a bank Rafidain and Rasheed because of the deposit and not reassure depositors their money and then moved to the private banks professor Zayer, said that the interest of these regulations is to limit go the money deposited to finance terrorism, corruption or other through the imposition of the electronic control of the money in circulation and thus solve a lot of problems related to security, corruption , and this electronic global regimentation .. indicating that great efforts have been made to the issuance of electronic dinar, but should this dinar is dedicated to the collection of money the government only because it represents the revenue the highest in the cash circulation as is the case in the Gulf states in order to prevent corruption .. calling Rasheed Bank or Mesopotamia adopt issuing dinar Alaketorne and is distributed to other banks in order to be limited state funds and Jpayadtha number one account instead of the 300 account number with the government exist no one knows how much is the size of government funds precisely because it is spread among multiple mathematical figures and various branches and there are no electronic control systems reveal the size of the money specifically pointed professor Zayer said electronic dinar trading would provide prior financial sources for the government because he Scdja on input turning money chunky at home to electronic dinars carries a high flexibility in dealing or sale .. without rule out that to be in the next year 's budget in 2017 the official revenue by electronic dinar , which is estimated at 15 trillion dinars ..
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