http://www.alsabaah.iq/ArticleShow.aspx?ID=148356

dizzydee wrote:As usual can't post only the link.     http://www.alsabaah.iq/ArticleShow.aspx?ID=148356.             The transformation of the society to electronic!

this is what your link says

[You must be registered and logged in to see this link.]                It works for Me rocky.    Sorry can't translate, maybe someone else can.    Part of it goes "a monetary society to electronic transactions."

29/11/2017 12:00 am


The transformation of the society from cash to electronic  

Baghdad / Hussein Thogb  
access to advanced technology in financial services and payment of employee benefits, especially salaries through the service of localization of salaries offered by (15) public and private banks, has become a reality and has become a major role in the transformation of technology A monetary society to electronic transactions. The process of "settling the salaries" means that the bank plays its actual role in managing the money and transferring it from the Ministry of Finance to the employee segment and is accompanied by other services provided by banks under the umbrella of competition. Equity capital



Director General of payments in the Central Bank of Iraq, told the "morning": "The transition to a new stage is more sophisticated reality, after it was a plan pending implementation," noting that "this process achieves economic feasibility to the banking sector and the national economy Through the course of capital within the banking system, the adoption of advanced technology in dealing with salary, where settled in a special account of the employee who has an electronic card packed with money can be used in daily dealings. Community transformation



Abdul-Karim pointed out that the settlement of salaries is the first step to transform society from a monetary society to an electronic by relying on the advanced technology witnessed by the world and was adopted locally, where the employee spends through the electronic card the amounts needed and settle the surplus amount of need in the banking system, "this process move economic activity in the country through the retention of the banking system large sums of money as going compactness without economic benefit."
She noted that "there are specialized companies expensive to deploy devices that can deal with the cards in all places, and is trading with companies of A specialized distribution of devices allocated Alatmat for this purpose in all commercial areas to be the distance between the device and the last 500 meters, and that the process of withdrawing money , without any interest rate. " Advanced technology



Confirming that it was "selected 15 banks to adopt the process of localization of salaries by the Central Bank, which set specific controls for this process has been available in these banks, where the advanced technology that was selected, and the card to the employee can be used locally and internationally.
She pointed out that "the banks that achieve integration in the systems and technologies required for the process of settling salaries will be introduced to this service in addition to the banks covered, and the employee has the right to choose the bank that provides the best service such as loans and facilities and other services that promote competition between banks.
It showed that banks compete and offer many services, for example , loans for Hajj without interest and other attractive services to customers that will be plentiful, especially with giving the employee the freedom to choose the bank to settle
his salary. " Human resources



"The adoption of advanced systems in our financial sector requires human resources capable of dealing with this technology, and here comes the role of the Association in the integration of the
necessary technology and expertise, " said Ali Tarek, executive director of the Association of Iraqi Banks .
Tariq told Al Sabah that "the association has trained more than 2,000 employees during the current year on various advanced systems, which enabled the availability of expertise in the most important sections to complete banking properly." Credit and services . He pointed out that "the benefit from the settlement of salaries to the customer more than the bank, as it provides along with this service credit and services offered by many banks during the exhibition, which was organized recently at the hotel and attracted a number of employees and financial experts." "This process reduces the risk of money transfer and supports the financial capabilities of the banking system," he said.


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Thank you noced.

weslin3 wrote:Have any of you heard of this (Balassa-Samuelson effect hypothesis)? Had someone to bring this to my attention on the dinar. Never have even seen it mentioned or heard of this before. If this shouldn't be here feel free to delete it. Just putting this out here with the obvious talk of RV from Iraq.

Yes, it is a real thing:
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DEFINITION of 'Balassa-Samuelson Effect'

Countries with high productivity growth also experience high wage growth, which leads to higher real exchange rates. The Balassa-Samuelson effect suggests that an increase in wages in the tradable goods sector of an emerging economy will also lead to higher wages in the non-tradable (service) sector of the economy. The accompanying increase in [You must be registered and logged in to see this link.] makes [You must be registered and logged in to see this link.] higher in faster growing [You must be registered and logged in to see this link.] than it is in slow growing, [You must be registered and logged in to see this link.].

This an interesting article

Bring it on!!