(CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by **Rocky** Wed Nov 15, 2017 11:13 am

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Post n°1

(CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by Rocky Wed Nov 15, 2017 11:13 am

(CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary system

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Economy News Baghdad:

The Secretary-General of the Council of Ministers, Mahdi Al-Alaq, on Wednesday, that the project to settle salaries aims to reform the system of payment of salaries through electronic payment by banks.

Al-Alak said in his speech during the opening of the banking fair for the settlement of salaries and attended by "Economy News", "The localization of salaries will make the employee improves the management of his money in addition to benefit from the privileges granted by the bank," noting that "the employee has the right to choose the bank that he sees fit for resettlement Salary ".

He added that "banks participating in this exhibition are eligible to participate in the settlement of salaries and consistent with the standards set by the Central Bank."

He pointed out that "these banks show that they have the capacity to provide banking services quickly and safely," pointing out that "we work to be a banking system is honest and achieve the economic objectives of the citizen and meet his ambition."

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Last edited by rocky on Wed Nov 15, 2017 11:25 am; edited 1 time in total

by **Rocky** Wed Nov 15, 2017 11:14 am

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Post n°2

Central Bank: The project of localization of salaries reduces the cost of printing currency and risk

by Rocky Wed Nov 15, 2017 11:14 am

Central Bank: The project of localization of salaries reduces the cost of printing currency and risk to individuals and institutions

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Governor of the Central Bank Ali Alalak "Economy News"

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Economy News Baghdad:

Central Bank Governor Ali al-Alaq announced Wednesday that the project of localization of salaries will reduce the cost of printing the currency and reduce the direct and indirect risks to individuals and institutions, pointing out that the project aims to create a competitive market development of banking services.

"In order to shift from a purely monetary society to a society that adopts electronic payment tools, the central bank has led this process through the acquisition of systems and infrastructure," said Ali Al-Alak, governor of the Central Bank of Egypt. Best practices consistent with international standards ".

He added that "the project to settle salaries will reduce the cost of printing and counting and sorting the currency and reduce the direct and indirect risks to individuals and institutions."

He pointed out that "this transformation aims to create a competitive market, the development of services and practices in the banking sector." He pointed out that "there is wide interaction by the banking sector to make the success of the project to settle salaries through the use of the best programs and equipment."

He pointed out that "the Central Bank provided the legal and legislative framework to work electronic payment tools through the formation of the Supreme Council for electronic payment, which includes the public and private sector," stressing that "the project to settle salaries means improving the process of financial inclusion."

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by **Rocky** Wed Nov 15, 2017 11:15 am

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Post n°3

Association of Iraqi private banks: the project to settle salaries to start to consolidate the conc

by Rocky Wed Nov 15, 2017 11:15 am

Association of Iraqi private banks: the project to settle salaries to start to consolidate the concept of financial inclusion

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onomy News Baghdad:

The Iraqi Association of Private Banks announced on Wednesday that the project to settle the salaries of Iraqi employees is a beginning to consolidate the concept of financial inclusion, considering the process of settling salaries a bold decision from the government.

The head of the Association of Iraqi Private Banks, Wadih al-Hanalal in his speech at the banking fair for the settlement of salaries, and attended by "Economy News", "This carnival is a major start to a banking sector solid and consolidation of the concept of financial coverage to access banking services to all sectors of the Iraqi people, Citizen service and facilitating its financial operations to reach an efficient and productive digital economy. "

He added that "the bold decision by the Council of Ministers to settle the salaries of state employees in qualified banks through the opening of bank accounts and the use of credit cards, which came under the auspices of the Central Bank of Iraq and support through the vision of his compass is the cornerstone to build a sustainable relationship between citizens and banks, where this decision will allow a large slice To benefit from modern banking services and to convert the prevailing thinking, relying on the banking compactness to fill the deficit in funding through surplus units.

He pointed out that " everyone knows that the Iraqi economy suffers from a monotonous source of revenue significantly as oil revenues account for almost 85% of the total revenue while all other revenues constitute only 15%, which requires reform to increase non-oil revenues, many of which waste Because of manual collection, which must be converted into electronic collection contributed by banks through the issuance of electronic payment tools and collection companies through the acceptance of these tools instead of cash.

He added that "the project to settle the salaries of the beginning of the deployment of electronic payment tools and thus the possibility of electronic collection of state revenues."

He pointed out that "there are things provided by this shift to electronic criticism and the most important provisions of the comprehensive control and eliminate many of the pests of society such as theft, money laundering and terrorism financing, adding to the importance of addressing inflation." He pointed out that "the Association of Private Banks is committed to the implementation of the government plan and the Central Bank to switch to electronic transactions and provide the necessary tools."

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by **Proven** Wed Nov 15, 2017 12:31 pm

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Post n°4

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by Proven Wed Nov 15, 2017 12:31 pm

Thanks Rocky. Recycling the currency.

by Lobo Wed Nov 15, 2017 1:43 pm

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Post n°5

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by Lobo Wed Nov 15, 2017 1:43 pm

Interesting

by ron-man Wed Nov 15, 2017 5:49 pm

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Post n°6

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by ron-man Wed Nov 15, 2017 5:49 pm

Very interesting.

by **Proven** Wed Nov 15, 2017 7:50 pm

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Post n°7

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by Proven Wed Nov 15, 2017 7:50 pm

Get ready for liquidity in the Iraqi economy. Deposits guaranteed:

Saleh continued, that "the development of government deposits in private banks, can be offered to the crisis of liquidity in light uncle presence of protected," stressing that the "deposits should be guaranteed and a priority investigation."

Salman said, that "the government deposits can activate the market and move the economy due to the urgent need for financial liquidity, to the presence of a lot of companies and factories lagging stalled or that can be run through the modernization of its production lines and provide working her hands."

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Last edited by Proven on Thu Nov 16, 2017 11:41 am; edited 1 time in total

by **Rocky** Thu Nov 16, 2017 4:08 am

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Post n°8

Alaq: The project of localization of salaries enhances the capabilities of banks

by Rocky Thu Nov 16, 2017 4:08 am

Alaq: The project of localization of salaries enhances the capabilities of banks

16/11/2017 12:00 AM

[rtl]Provides financial facilities for the employee through it

Baghdad / Hussein Thugb

The inauguration of the banking fair for the settlement of salaries in the presence of the public and private sectors, which was established by the Secretariat of the Council of Ministers in cooperation with the Central Bank and the Association of Iraqi Private Banks. The process of settling salaries pay employees benefits through government and private banks after opening an account in which the salary is paid and electronic payment cards are used to fill the financial balance through which the payment of all the requirements of the employee in his daily life.

Banking Technologies
Secretary General of the Cabinet of Ministers d. Mahdi Al-Alak said: "The project of localization of salaries contributes to the process of economic development by strengthening the financial capabilities of the banking sector," pointing out that "the resolution 313 to 2016 to reform salaries and activation and allocations to employees in government departments electronically."
He pointed out "the importance of electronic card, which represents an important step in the dissemination of banking technologies," noting "the need to work to create a solid banking sector contributes to the process of economic development effectively." Competitive market Iraqi Central Bank Governor Ali Mohsen Ismail said: " In order to shift from a monetary society to fully electronic society, the central bank is leading a campaign to shift an electronic society in accordance with the best global contexts."

"The transformation of an electronic community reduces the cost of cash and reduces the risk of transport and contributes effectively to the development of banking services," he said. "The transformation will create a competitive market and develop products that offer customers, develop banking systems and programs, Especially that there is a clear interaction between the youth and the banking sector. "
Ismail pointed out that "the settlement of salaries means improving financial coverage, which has become a framework for all countries and mobilize resources in real development." Secured Cards

Chairman of the Association of Iraqi Private Banks Wadih al-Hanalal that "the settlement of salaries a message to access the financial coverage means the arrival of banking services to all citizens throughout the country through secured cards," noting that "this qualitative conference is a very important message as it turns out that Iraq keeps pace with the banking movement, This can be touched by displaying products in the exhibition. "
Executive Director of the Association of Iraqi Private Banks Ali Tariq, "This project starts from the headquarters of ministries to expand horizontally after, and was selected 14 banks by the Central Bank of the total of 70 banks representing the banking system in Iraq." The plan prepared Tariq pointed out that "the nationalization of salaries is an important national project ends work in 2020 according to the plan prepared for him," stressing that "the project provides the employee the opportunity to choose the specific bank that wants to settle his salary within."

Director of the Gulf Bank Adel Nouri said: "This project represents a common interest between the banking sector and the employee does not stop at the salaries, but will be accompanied by financial services and facilities provided to the employee who settles his salary in any of the banks," noting that "an important step in the way of activating advanced systems In all banks. " Best systems representative of the Development Bank Salem Adel Salem pointed out that " the bank is working to acquire the best systems and services that enhance the relationship with the beneficiary, and was chosen the bank by the Central Bank to be among the banks that are included in this pilot project is important , which is the transformation of the financial sector point." "The role of the bank is to issue cards to employees in ministries, which will be accompanied by the launch of new services." POS

"The role of the company is complementary to the issuance of cards that require the provision of advanced technology POS point of sale, which requires the existence of this technology, which is a device that deals with the card at all points of sale without exception."
Director of outreach at the Iraqi Islamic Bank Ali Aktham between "the importance of the project and it will provide liquidity to the banking system and international through the transition to electronic dealing through private cards that can be used around the world.[/rtl]

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by **Proven** Thu Nov 16, 2017 11:56 am

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Post n°9

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by Proven Thu Nov 16, 2017 11:56 am

Is everyone seeing this? The plan is being implemented.

Direct deposits will mark the beginning of the next term or "phase" and will active the market economy (see post 7)!

He said the governor, that "the central bank will launch e-dinar soon to facilitate the payment of money by mobile phone," noting that "cash handling involves many of the economic and organizational problems, and that the electronic payment reduces bureaucracy and corruption as well as theft and assault."

Keywords said, that "electronic payment will go through a number of stages, the first of awareness of its advantages and apply optionally campaign," calling on government agencies to "take advantage of this service."

Said Governor of the Central Bank and the Agency, that "the Bank will recommend the government to deposit employees' salaries of all government and private banks during the next term in a move that will connect millions of new people to banks and get them used to the use of electronic financial services and take advantage of its benefits," pointing out that "ten percent of citizens only on relationship banking and financial institutions currently. "

Bolani stressed the importance of "electronic collection and e-dinar in the fight against corruption and bribery."

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by sassy Thu Nov 16, 2017 12:12 pm

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Post n°10

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

by sassy Thu Nov 16, 2017 12:12 pm

Proven wrote:Is everyone seeing this? The plan is being implemented.

Direct deposits will mark the beginning of the next term or "phase" and will active the market economy (see post 7)! Implemented during the next term.

He said the governor, that "the central bank will launch e-dinar soon to facilitate the payment of money by mobile phone," noting that "cash handling involves many of the economic and organizational problems, and that the electronic payment reduces bureaucracy and corruption as well as theft and assault."

Keywords said, that "electronic payment will go through a number of stages, the first of awareness of its advantages and apply optionally campaign," calling on government agencies to "take advantage of this service."

Said Governor of the Central Bank and the Agency, that "the Bank will recommend the government to deposit employees' salaries of all government and private banks during the next term in a move that will connect millions of new people to banks and get them used to the use of electronic financial services and take advantage of its benefits," pointing out that "ten percent of citizens only on relationship banking and financial institutions currently. "

Bolani stressed the importance of "electronic collection and e-dinar in the fight against corruption and bribery."

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I see it Proven, everything we’ve been waiting on for years is happening right in front us now!!!!

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Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

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(CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

(CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

Central Bank: The project of localization of salaries reduces the cost of printing currency and risk

Association of Iraqi private banks: the project to settle salaries to start to consolidate the conc

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

Alaq: The project of localization of salaries enhances the capabilities of banks

Alaq: The project of localization of salaries enhances the capabilities of banks

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

Re: (CB) Secretariat of the Council of Ministers: Localization of salaries aims to reform the salary sys

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