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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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

    Rocky
    Rocky
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    Association -   Association of Iraqi private banks: the project to settle salaries to start to consolidate the con Empty Association of Iraqi private banks: the project to settle salaries to start to consolidate the con

    Post by Rocky Thu 16 Nov 2017, 4:48 am

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

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    President of the Association of Private Banks Wadih al-Hanal
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    Economy 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 the 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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