Localization of salaries of employees .. The last days of dinar paper in Iraq (ATM machine)
ATM machine
Economy News Baghdad:
The Iraqi government has already begun to implement the project to settle salaries by handing over the salaries of its employees through electronic payment cards issued by banks operating in the country through deductions up to two thousand dinars.
The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, told the "economy News", "The project of localization of salaries is in accordance with the plans set for him by the government because it includes several objectives, including raising the efficiency of the payment system and revitalize the banking sector through the granting of loans and diversification of other services" Adding that "keeping cash inside the houses and not trading in the market leads to a large loss of up to 8% of GDP estimated at 12 billion dollars."
He stressed that "the salaries of state employees, retirees and social welfare constitute 50% of the state budget, representing 25% of gross domestic product, an important gateway to make their salaries electronic," pointing out that "financial inclusion is the largest way to control government expenditures because it will lead to a shift from payment To the electronic payment in addition to know who are trading cash and efficiency, "explaining that" the Council of Ministers has taken a decision to be 20% of state employees receive their salaries in October next through electronic payment methods. "
He pointed out that "the plan to settle salaries ends in 2020, especially that 5 million Iraqis are currently using the card to get their salaries," noting that "the World Bank is monitoring with the government the issue of the resettlement of salaries because it increases economic activity up to 2% of gross domestic product "He said.
The process of settling the salaries of 19 banks, government, private and foreign, and the number of employees about four million people are paid annually more than 35 trillion dinars.
For his part, said the Executive Director of the Association of Private Banks, Ali Tariq, "Economy News", "Work is still ongoing in the project to settle the salaries of employees, which aims to develop the banking sector," adding that "work is currently underway with the ministries of health and electricity and will begin to open accounts For staff this week. "
He pointed out that "the shopping process will be through credit cards without any deduction in addition to that can be used ATMs deployed in Iraq through the system of the national division."
The director of the payments department in the Central Bank, Subhi Abdul Karim said in an interview with "Economy News", "The project to settle the salaries called for by the Council of Ministers and recommended its application taken into account and of great importance by the Central Bank of Iraq," indicating that " Of the project to settle the salaries of its staff has been successful experiment. "
"The Central Bank of Iraq took large guarantees from banks to work in the project to settle salaries and will be held accountable any bank that falters the distribution of salaries of employees," noting that "there is no fear of salaries of employees in the project to settle salaries."
"The choice of ministries for banks depends on the criteria set by the Central Bank of Iraq in this project and each ministry free to choose banks identified by the Central Bank."
While the Ministry of Electricity in a press statement received "Economy News" a copy of it, "The Iraqi Trade Bank will issue Master Card cards to the employees of the ministry free of charge once in case of opening an account within the bank, and the second time will be the cost of issuing master card (40,000 thousand dinars) Case of loss ".
She added that "the Iraqi Trade Bank will set up ATMs at the headquarters of the Ministry of Electricity to pay the salaries of employees on time when the information is sent to the bank by the ministry and the cost of withdrawing the salary of the employee is (2000 Iraqi dinars) for the total salary and salaries are divided into approximately 750 thousand dinars for one draw And the employee has the right to withdraw from his salary as he wants. "
"The employee has the right to withdraw his salary from any bank outside the ministry and the cost will be (2500%) of the salary if the bank is outside the framework of the Iraqi Trade Bank," she said, noting that "the offers included advances to employees ranging from 10 to 100 million dinars and different interest rates In addition to loans for the purchase of apartments at Basmaya interest rate (4%), provided that the amount does not exceed 75 million and 15 years, as well as car loans not exceeding (60 million) and interest rate of (8%) for a period of (4 years), certificates of deposit (500,000) Thousand dinars) qualify for the withdrawal of prizes up to (100 million).
Views 806 Date Added 08/06/2017
[You must be registered and logged in to see this link.]
ATM machine
Economy News Baghdad:
The Iraqi government has already begun to implement the project to settle salaries by handing over the salaries of its employees through electronic payment cards issued by banks operating in the country through deductions up to two thousand dinars.
The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, told the "economy News", "The project of localization of salaries is in accordance with the plans set for him by the government because it includes several objectives, including raising the efficiency of the payment system and revitalize the banking sector through the granting of loans and diversification of other services" Adding that "keeping cash inside the houses and not trading in the market leads to a large loss of up to 8% of GDP estimated at 12 billion dollars."
He stressed that "the salaries of state employees, retirees and social welfare constitute 50% of the state budget, representing 25% of gross domestic product, an important gateway to make their salaries electronic," pointing out that "financial inclusion is the largest way to control government expenditures because it will lead to a shift from payment To the electronic payment in addition to know who are trading cash and efficiency, "explaining that" the Council of Ministers has taken a decision to be 20% of state employees receive their salaries in October next through electronic payment methods. "
He pointed out that "the plan to settle salaries ends in 2020, especially that 5 million Iraqis are currently using the card to get their salaries," noting that "the World Bank is monitoring with the government the issue of the resettlement of salaries because it increases economic activity up to 2% of gross domestic product "He said.
The process of settling the salaries of 19 banks, government, private and foreign, and the number of employees about four million people are paid annually more than 35 trillion dinars.
For his part, said the Executive Director of the Association of Private Banks, Ali Tariq, "Economy News", "Work is still ongoing in the project to settle the salaries of employees, which aims to develop the banking sector," adding that "work is currently underway with the ministries of health and electricity and will begin to open accounts For staff this week. "
He pointed out that "the shopping process will be through credit cards without any deduction in addition to that can be used ATMs deployed in Iraq through the system of the national division."
The director of the payments department in the Central Bank, Subhi Abdul Karim said in an interview with "Economy News", "The project to settle the salaries called for by the Council of Ministers and recommended its application taken into account and of great importance by the Central Bank of Iraq," indicating that " Of the project to settle the salaries of its staff has been successful experiment. "
"The Central Bank of Iraq took large guarantees from banks to work in the project to settle salaries and will be held accountable any bank that falters the distribution of salaries of employees," noting that "there is no fear of salaries of employees in the project to settle salaries."
"The choice of ministries for banks depends on the criteria set by the Central Bank of Iraq in this project and each ministry free to choose banks identified by the Central Bank."
While the Ministry of Electricity in a press statement received "Economy News" a copy of it, "The Iraqi Trade Bank will issue Master Card cards to the employees of the ministry free of charge once in case of opening an account within the bank, and the second time will be the cost of issuing master card (40,000 thousand dinars) Case of loss ".
She added that "the Iraqi Trade Bank will set up ATMs at the headquarters of the Ministry of Electricity to pay the salaries of employees on time when the information is sent to the bank by the ministry and the cost of withdrawing the salary of the employee is (2000 Iraqi dinars) for the total salary and salaries are divided into approximately 750 thousand dinars for one draw And the employee has the right to withdraw from his salary as he wants. "
"The employee has the right to withdraw his salary from any bank outside the ministry and the cost will be (2500%) of the salary if the bank is outside the framework of the Iraqi Trade Bank," she said, noting that "the offers included advances to employees ranging from 10 to 100 million dinars and different interest rates In addition to loans for the purchase of apartments at Basmaya interest rate (4%), provided that the amount does not exceed 75 million and 15 years, as well as car loans not exceeding (60 million) and interest rate of (8%) for a period of (4 years), certificates of deposit (500,000) Thousand dinars) qualify for the withdrawal of prizes up to (100 million).
Views 806 Date Added 08/06/2017
[You must be registered and logged in to see this link.]
Today at 9:56 am by Rocky
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
Today at 7:22 am by Rocky
» utube 9/17/24 Iraq Dinar Update --Sudani Sadr-Development-Pro
Today at 7:22 am by Rocky
» Al-Sudani directs the preparation of a draft resolution obligating ministries to provide facilities
Today at 7:20 am by Rocky
» Germany: Iraq is making progress towards economic stability
Today at 7:19 am by Rocky
» Al-Sudani: There is no alternative but to have capable Iraqi banks that adopt all financial standard
Today at 7:16 am by Rocky
» Iraq enters into space war confrontations.. Cyber attacks raid Tel Aviv and news indicates that th
Today at 7:12 am by Rocky
» Contrary to expectations.. Al-Sudani's advisor: Non-oil revenues grew at record levels in 2024
Today at 7:09 am by Rocky
» Central Bank of Iraq sells more than $250 million in auction today
Today at 7:06 am by Rocky
» The Supreme Committee for Tax Reform reveals details of the draft of the new income tax law
Today at 7:02 am by Rocky
» A Kurdish delegation will visit Baghdad early next week
Today at 6:59 am by Rocky
» The Commission sets a date for approving the candidates for the Kurdistan elections
Today at 6:58 am by Rocky
» Prime Minister receives Chairman of the Private Banks Association and a number of bank managers
Today at 6:56 am by Rocky
» Parliamentary Investment Committee proposes solutions to cover Iraq's expenses.. What about border c
Today at 6:52 am by Rocky
» Iraq signs $290 million loan agreement with Austrian bank
Today at 6:50 am by Rocky
» The Council of Ministers is studying a decision obligating ministries to provide facilities to suppo
Today at 6:47 am by Rocky
» Iraq of Four Million Employees: Will the Oasis of Jobs Last in the Desert of Opportunities?
Today at 6:45 am by Rocky
» A parliamentarian talks about an Iraqi port in the Red Sea.. These are the details
Today at 6:43 am by Rocky
» The housing crisis is deepening and housing unit prices are astronomical
Today at 6:42 am by Rocky
» Najaf discusses with a specialized German company the establishment of a waste recycling plant
Today at 6:40 am by Rocky
» Second reading increases the yield of calls rejecting the release of terrorists by general amnesty
Today at 6:39 am by Rocky
» Prime Minister: The Central Bank has contracted with Oliver Wyman to develop the banking and financi
Today at 6:37 am by Rocky
» Parliamentary Water Committee identifies the reasons for the continued drought and low water levels
Today at 5:21 am by Rocky
» Al-Fatlawi: There are some parties trying to overthrow Al-Sudani's government
Today at 5:20 am by Rocky
» Parliamentary Investment Committee calls on the government to intervene regarding the insane increas
Today at 5:18 am by Rocky
» Iraq tightens preventive measures on imported goods, especially electronic devices
Today at 5:17 am by Rocky
» Meetings attended by Al-Ameri.. Kurdish blocs unite to cancel Baath decisions regarding agricultural
Today at 5:15 am by Rocky
» Oxford Economics expects Gulf economies to grow by 4.4% in 2025
Today at 5:13 am by Rocky
» With Apple’s participation, the media and communications sector sets a roadmap to build a long-term
Today at 5:12 am by Rocky
» Cabinet Secretariat: Stopping the sale of government properties to its employees is inaccurate
Today at 5:10 am by Rocky
» The Ministerial Council directs the inspection of electronic devices before importing them to avoid
Today at 5:08 am by Rocky
» The Prime Minister directs the preparation of guidelines to ensure fair competition in the banking s
Today at 5:05 am by Rocky
» The Minister of Electricity directs the announcement and referral of the installation of solar energ
Today at 5:04 am by Rocky
» Gulf central banks move interest rates after Fed decision
Today at 5:02 am by Rocky
» Labor: Including allocations for increasing the salary of the full-time appointee in its budget for
Today at 5:01 am by Rocky
» Non-oil revenues top agenda of parliamentary finance visit to Erbil next week
Today at 5:00 am by Rocky
» Housing shortage threatens the stability of millions of Iraqis!
Today at 4:59 am by Rocky
» The Department of Political Dismissals Affairs issues (3519) new decisions for politically dismissed
Today at 4:57 am by Rocky
» Minister of Industry confirms the ministry's commitment to supporting and encouraging the private in
Today at 4:55 am by Rocky
» Finance: Issuing controls to facilitate the implementation of the Owners Law
Today at 4:54 am by Rocky
» Iranian oil official: Iraq owes Tehran no debts, and tripartite negotiations between Iran, Russia, a
Today at 4:52 am by Rocky
» Proposal for employing graduates
Today at 4:50 am by Rocky
» Al-Hasnawi to “Sabah”: Opening of 379 health projects
Today at 4:49 am by Rocky
» The Ministerial Council directs to audit imports of electronic devices
Today at 4:48 am by Rocky
» Launch of the National Climate Change Camp
Today at 4:46 am by Rocky
» Facilitating the implementation of projects on the lands of military institutions
Today at 4:44 am by Rocky
» Urgent measures to address the airlines file
Today at 4:43 am by Rocky
» Warnings against relying on the “rentier economy”: Use effective systems and digital infrastructure
Today at 4:41 am by Rocky
» "Courtesy" manipulates salaries of Kurdistan employees and Baghdad demands a binding political decis
Today at 4:40 am by Rocky
» Opening of the 17th session of the “DBX” exhibition in Sulaymaniyah with the participation of more t
Today at 4:38 am by Rocky
» Iraqi banks dealing with America attract deposits
Today at 4:36 am by Rocky
» Iranians Stole Trump Campaign Material, Offered It to Democrats
Today at 4:35 am by Rocky
» TikTok launches campaign to raise awareness of digital safety tools in Iraq
Today at 4:33 am by Rocky
» Al-Sadr cancels the expected million-man demonstrations in Baghdad: “They are no longer useful”
Today at 4:32 am by Rocky
» "Fares Issa" receives the Ambassador of the Republic of Poland in Baghdad
Today at 4:31 am by Rocky
» Kurdistan Regional Government Representation Holds Training Workshop in Erbil
Today at 4:30 am by Rocky
» The Prime Minister's Office receives the draft income tax law prepared by the German GIZ organizatio
Today at 4:26 am by Rocky
» Finance reassures citizens: We are committed to paying salaries on time
Today at 4:25 am by Rocky
» Oil disappoints hopes, Basra crude completes two weeks of decline: interest rate cuts backfired
Today at 4:22 am by Rocky
» White oil rose 270% and kerosene 47%.. What is the secret behind the increase in fuel consumption in
Today at 4:21 am by Rocky
» Ministry of Finance talks about the fate of employees' salaries and the reasons for the delay
Today at 4:20 am by Rocky
» Baghdad government fails to implement the "generator meters" project and returns to "ampere pricing"
Today at 4:18 am by Rocky
» Money from citizens and treating pipes with "plastic slippers" .. A service project in Diwaniyah tha
Today at 4:17 am by Rocky
» Dollar exchange rates drop in Iraq.. This is the list
Today at 4:16 am by Rocky
» Referral of the rehabilitation project of Imam Al-Sadiq II neighborhood to the judiciary
Today at 4:13 am by Rocky
» Market monopoly is in danger... and the Parliamentary Economic Committee leads the correction battle
Yesterday at 7:16 am by Rocky
» Document warns of environmental danger threatening southern Iraq
Yesterday at 7:15 am by Rocky
» Central Bank Governor: We have put in place methods to secure the provision of dollars and are subje
Yesterday at 7:13 am by Rocky
» MP hints at corruption suspicions in $22 billion railway contract
Yesterday at 7:12 am by Rocky
» MP holds Al-Sudani responsible for withdrawing important laws from the House of Representatives
Yesterday at 7:11 am by Rocky
» Parliamentary Oil Committee accuses the region of smuggling oil
Yesterday at 7:10 am by Rocky
» The Council of Ministers decides to amend the price of industrial oil
Yesterday at 7:06 am by Rocky
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
Yesterday at 7:05 am by Rocky
» Parliamentary moves to increase state financial revenues
Yesterday at 7:04 am by Rocky
» New mechanism for collecting tax amounts electronically
Yesterday at 7:02 am by Rocky
» Iraqi oil exports rose yesterday to 3.5 million barrels
Yesterday at 7:01 am by Rocky
» South Gas: Integrated Gas Development Project is an Opportunity to Invest Local Hands
Yesterday at 7:00 am by Rocky
» Artawi Project.. A new energy that ignites the Iraqi economy and extinguishes the fires of waste!
Yesterday at 6:59 am by Rocky
» Al-Ghais: Taxes constitute the largest percentage of fuel prices in these countries
Yesterday at 6:57 am by Rocky
» Is the decline in oil prices related to the rise in exchange rates? An "important" clarification fro
Yesterday at 6:55 am by Rocky
» Iraq imports more than 722 million tons of gasoline in three months
Yesterday at 6:54 am by Rocky
» Hermes: Gulf investors have become more selective after the flood of IPOs in the region
Yesterday at 6:53 am by Rocky
» Real estate manipulators between the jaws of the "justice pincers"
Yesterday at 6:51 am by Rocky
» New crime
Yesterday at 6:50 am by Rocky
» Conference to support the private sector
Yesterday at 6:49 am by Rocky
» After the {Sabah} report... a campaign to deport {illegal} workers
Yesterday at 6:48 am by Rocky
» Al-Sudani: Amending the Drug Law raises the level of combating it
Yesterday at 6:47 am by Rocky
» Numbering Nineveh buildings in preparation for the population census
Yesterday at 6:46 am by Rocky
» Labor: Intensive campaign to deport “illegal” workers
Yesterday at 6:44 am by Rocky
» Emaar: The residential complex for journalists will be transferred to an investor
Yesterday at 6:43 am by Rocky
» Government organizes national conference to support private sector
Yesterday at 6:40 am by Rocky
» Real estate inflation
Yesterday at 6:39 am by Rocky
» {Hypermarket}.. Central markets with a new look
Yesterday at 6:38 am by Rocky
» Iraq calls on the international community to shoulder its responsibilities and stop the massacres an
Yesterday at 5:22 am by Rocky
» Al-Maliki's coalition explains the nature of the presence of Hamas and Houthi offices in Baghdad.. A
Yesterday at 5:21 am by Rocky
» What are the goals of Qaani's "secret" visit to Baghdad? - Urgent
Yesterday at 5:19 am by Rocky
» Al-Sudani: The heaviness of the energy system problem in transmission and distribution
Yesterday at 5:18 am by Rocky
» Parliamentary message to Al-Sudani: You have the dangerous Kar file in your hands.. Save public mone
Yesterday at 5:16 am by Rocky
» 15% tax on social media applications in Iraq
Yesterday at 5:15 am by Rocky