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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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    Paying salaries is an important step in economic development

    Rocky
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    Paying salaries is an important step in economic development Empty Paying salaries is an important step in economic development

    Post by Rocky Mon 27 Nov 2017, 1:41 am

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    Paying salaries is an important step in economic development


     Baghdad / Zahraa al-Jassim 

    Iraq ranks among the least countries in the world in the area of ​​opening bank accounts according to economic experts, they believe that the government's tendency to settle the salaries of employees in banks is important for the economic development in the country, especially as they contribute to the relaxation of monetary circulation, In the meantime, until the employee is convinced of the idea, calling at the same time the banks to take care of the processes of facilitating the procedures of dealing with the withdrawal and deposit and respect the time factor, as this step requires a high banking culture.
    "Localization of salaries" refers to the transfer of salaries of employees in the public or private sectors to bank accounts for employees rather than hand-over in their own departments.
    "It is always better to settle the salaries optionally, both for the public and private sectors, so that the citizen or employee will be convinced over time that it is important to open accounts to receive their salaries from expense accounts," he said in an interview with Al-Mada. Through these accounts, they can make many payments for electricity and water, public purchases and other things. At the same time, this account is savings for them, in addition to the process of facilitating access to these accounts, including electronic withdrawals in the future, as long as the employee He has an electronic account in the All the electronic facilities to move the accounts will benefit from either the ATM or the "debit card" or through the "credit card", Mirdfa: It remains important that we in Iraq have a problem that the number of those who have bank accounts of men and women are the least Of the world's countries.
    This is because the expenses in Iraq are not spread everywhere, and we do not have any banks or districts, so I recommend that banks take care as much as possible to facilitate the procedures of dealing with accounts, which should facilitate the depositors to deal with accounts of Withdrawal and deposit and other things to encourage them to put their money in banks, especially employees, because this is an opportunity for us because we need to increase the number of dealers with banks and encourage them to save, it also reduces the need for people to retain the currency, and benefit the banks and citizens and the national economy in general.
    In turn, said economic expert Majid al-Suri in an interview with (range) that the settlement of salaries is a new issue in Iraq and a very important issue in general to ease the circulation of cash securities. It will also lead to greater control on the other hand to enable the monetary policy to make the necessary calculations for development, but the main problem is that this step requires a high banking culture by the banks themselves and by employees in the public and private sectors, calling at the same time the necessity The privatization of private sector salaries, not only for government departments, especially since we have not yet found an application in only two ministries and the central bank.
    On the other hand, the issue of the importance of settling the salaries of employees is not useful to the banking sector only as some believe, because Iraq needs too much money to develop the process of economic development as the picture shows, echoing saying: This resettlement will help the banking sector to withdraw cash from the citizen, But the banking sector also has to go to support industrial, agricultural and real estate development, which is important today. At the same time, it must seek to develop its potential to keep up with banking modernity.
    The Central Bank of Iraq has announced, the implementation of the project to settle the salaries of the first two ministries in Iraq, indicating that the selection of these banks was through the same employee after reviewing and briefed him on the offers submitted by them, adding that "the salary of November this year to the Ministry of Electricity and Oil Pipeline Company subsidiary To the Ministry of Oil, was received through the electronic card through the participation of a number of government and private banks, "noting that" the selection of these banks was through the same employee after reviewing and briefed on the offers provided by those banks, after the success of the process of settling the salaries of employees of the bank Iraqi central and after the circulation of the project to the rest of the ministries and government institutions and all its formations.
    The Ministry of Justice also announced on 26 October 2017 that it discussed in a meeting with the Governor of the Central Bank, the mechanisms of the project of the government in the settlement of salaries and transfer of payment of salaries to the electronic system and by credit cards and within the approved and safe banks to ensure the process of receipt of salaries and keep them in special accounts . 
    The Central Bank has announced on 3-11-2017 that 14 government and private banks and foreigners participate in the process of settling the salaries of employees of Iraq, said the Central Bank "The banks contributing to the project to settle salaries are Rafidain and Rashid and Ashur International and Iraqi Trade and International and Industrial Development and Jihan and Ahli Iraqi and Abu Dhabi Al-Islami, Baghdad, Byblos Bank, the Middle East, Lebanese Credit and the Gulf. "



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