Central control of the level of inflation and supports electronic collection

by **Rocky** Tue 16 Apr 2019, 6:40 am

Rocky

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Central control of the level of inflation and supports electronic collection

by Rocky Tue 16 Apr 2019, 6:40 am

Central control of the level of inflation and supports electronic collection

Monday, 15 April 2019 78

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Baghdad / Hussein Thugb

"The Central Bank has succeeded in controlling the level of inflation, maintaining prices, maintaining the purchasing power of the national currency, controlling the exchange rate and closing the gap,

Between the official price and the market price.

"Foreign exchange reserves rose from US $ 40 billion to US $ 62 billion and diversification of the currency basket to [You must be registered and logged in to see this link.] balance of payments and crisis response

Economic development.

The coordination with the Ministry of Finance in the management of public debt to [You must be registered and logged in to see this link.] the budget and funding the deficit during the financial crisis experienced by Iraq because of the drop in oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial banks and investment and [You must be registered and logged in to see this link.]

Profitability ".

Issuance of bonds

She pointed out that "the last period saw the issuance of bonds for the receivables of contractors after being audited by the Ministry of Planning and the Federal Financial Control Bureau, as well as the issuance of bonds to farmers on behalf of the Ministry of Finance and this move reflects a shift in a broader vision for the management of government public debt by the financial authority and monetary authority "He said.

Financial Inclusion

"We have supported the electronic collection of government fees, the facilitation of payments to citizens, the signing of a memorandum of understanding with Visa International, MasterCard International and Yunin-B International International to [You must be registered and logged in to see this link.] the strategy of financial inclusion and the provision of electronic payment cards to citizens to urge them to work with the unified international bank account, Through bank accounts internally

And externally. "

Electronic payment

"The standardization of the sukuk security standards to increase confidence in exchange and encourage traders to deal with electronic payments instead of cash, electronic payment companies in order to [You must be registered and logged in to see this link.] electronic operations and the issuance of license cards payment to banks, as well as linking banks and sites of the Central Bank of Iraq with data centers bank by cable To enhance the infrastructure of the banking sector and to increase the security of information and networks on the speed of data transmission Sizes

Big ".

Financial operations

On the developments witnessed by the Central in the payments sector confirmed "the establishment of the National Bank to settle payments between banks and increase electronic financial operations between banks, companies and citizens, [You must be registered and logged in to see this link.] electronic collections of government departments and facilitate

Ways of payment to citizens ".

Memorandum of Understanding

"We have signed a memorandum of understanding with Visa International, MasterCard International and Yunin-B International International to [You must be registered and logged in to see this link.] the strategy of financial inclusion and the provision of electronic payment cards to citizens. , As well as linking the banks and the Central Bank of Iraq with the bank data centers by optical cable Aziz infrastructure for the banking sector, increasing the information and network security, as well as high-volume data transfer speed. "

Localization of salaries

The launch of the localization of salaries for all public sector employees through the transfer of salaries to employees' bank accounts, as well as the easy receipt and withdrawal of salaries through the available payment channels, bank branches, ATMs, Points of sale, and enjoy the many advantages of bank accounts. "

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