Localization of salaries electronically ..ottaiwir banking services

Localization of salaries electronically ..ottaiwir banking services



07/02/2017 0:00

Abdul - Zahra Mohammed Hindawi , the
Council of Ministers issued in 2016 a decision against which all state institutions to automate salaries or what is known Ptoutinha electronically through the use of the smart card; resolution set a time limit - standing end of the year 2017, the date for the completion of this project so that all the Iraqi state employees numbering about 4.5 million employees , representing more than 10 percent of the total population of Iraq, from the smart card campaign and receive their salaries from the banks through this card.
If we want to read the cabinet 's decision economic language , we find it represents an important step will contribute more or less the events of a qualitative change in the nature of the lives of Iraqis with the presence of such a large number of employees, and the first fruits are expected pounds after the completion of this system, we will see the movement of a real saving by citizens in banks , whether government or private, if we know that the employees ' salaries represent the largest current monetary mass in the markets, but mostly this trading is not an investment, but trading means providing the Iraqi family 's daily requirements, so the entry of large cash block in the banking portfolio with Joe A clear vision to invest this money developmentally would get the economy moving around significantly under a financial crisis Mavtit ravaged the country since 2014.
It is also based Building true banking policies should be developmental dimensions of sound .. The second fruit they encourage employees to save and achieve such a thing is not easy in light of the prevalence of a culture of hoarding money and shaken trust between the citizen and the banks, particularly private ones, Maihtm on all banks work to the principle of competition among themselves through the services and benefits provided to customers, for example, competition in the realized annual interest on the proportion of funds
deposited.
Here will be a citizen towards the bank , which grants interest rate higher than the other, as well as other services that banks can provide to attract depositors of the smart card campaign, and these services or to call it tempting offers, the granting of loans to customers at rates low interest, to provide banking facilities in the internal shopping or external; the fact issued by these banks , the card will be a card that can be used anywhere in the world, as can these banks organize Cashouts lottery or a lottery annual or even monthly includes the value of prizes such as a piece of land or a car or any other gifts contribute to encouraging employees to deposit their salaries must A pulled from about
directly.
Surely this experience will face challenges and problems are not easy at the beginning of its launch, and at the forefront of these problems we will find concern and fear among the staff of the experience; these concerns resulting from the inability to fulfill banks commitments to depositors, in the sense that the employee concerned many may not be the possibility of receiving a his salary on time for being required to pay rent, electricity and internet dues only from monthly obligations
fixed.
In this part specifically must be selected banks for this task be guaranteed a government, and this has entrusted the selection task of the central bank as the sectoral supervisor of the banking sector, as the central announced selection of 16 banks , some government and some private banks to undertake this task, and that the selection process It took place on according to a high - level global standards, and that the bank will be the guarantor of any bank of these banks may face problems or is reluctant to fulfill its obligations to the extent that the Bank expressed its willingness to pay dues instead of Almtlki bank, while leaving the employee 's freedom to choose the bank on according to what is happening to Of
privileges.
We need mechanisms and procedures that will reassure staff concerns about this new experience , which was not accustomed to it yet, at least in the first stage until the stability of the experiment and allay fears.
The other challenge will experience the localization of salaries, it is an appropriate environment associated with the machines and devices for the withdrawal of money "ATM", the existence of such a machine at the headquarters of the ministries to help the employee to withdraw his salary will not be viable alone, because it will pay employees to withdraw all their salaries and thus emptied the experience of their content being designed mainly to attract more money in order to move the wheel of development investment , so what is needed here to publish such machines in the public markets , important commercial centers; so that the cardholder by shopping card without having to carry money with him ..
Gradually spread such devices and become available at the grocery store and seller Evergreen butcher , and even taxi driver and get rid of a lot of problems that haunt us always due to carry cash in large quantities or Aktnazha at home to what expose us the risk of theft and fire
others.
The experience is very important and necessary to provide all the requirements for success and banks have to invest this step by improving the level of performance and diversification of banking services and development; to become more effective in the development of construction , which is the banking sector , one of the most important process of
staff.


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