The way to the application of the payments system and skip the challenges
7/24/2014 0:00
Baghdad Yasser incumbent
seeks CBI to adopt advanced methods in banking systems and working steps balanced for the introduction of modern technology have over the implementation of the infrastructure project and the goal of the payments system in Iraq.
measures announced by the central recent special mechanization processes settlement instruments and payment orders between government institutions and banking electronically through a system of payments using a secure network and solid and effective will inevitably in the development of the financial sector in Iraq and reducing the phenomenon of carrying cash, according to experts, with the quest to reduce this phenomenon, and his eagerness to limit the use of the (cash), it seeks to automate the settlement checks, salaries and activate automation systems for card electronic, in order to preserve more cash in bank accounts.
, but the problem faced by this process lies in the speed of response of private banks and the reluctance of banks, public (government) to accept this important mechanisms which requires work in both sectors at the same time, the required permission restructuring of the banking system of government where were efforts in this cut games in but to no avail, is possible to use the experience of private banks?
gap disclose the issue is very important is that the actions of the Central bound for private banks with no obligation on the government banks considering that the responsibility dispersed among Central and Finance on the banks and this requires legislation ensures that bind the government measures the central or to the ministry in coordination with the Central compel it to any (government banks) implementation.
Apart from this overlap and problems which caused delays in the banking sector to catch up with global disciplines Van (Necessity is the mother of invention) as the saying goes common how?
caught my attention invitation economic researcher for the adoption of the smart card in the payment of salaries and wages among the beneficiaries in hot areas because of the conditions and events experienced by the country in which they pointed to the difficulty of transferring money across the country because of the events that take place in different parts of the country, and called for the speed of implementation of programs related to electronic payment coordination between the central and Finance to ensure the safety of the arrival of salaries and wages to the beneficiaries, regardless of the security situation and the events that take place here or there and this scene highlights the importance of the adoption of modern mechanization in the performance of banks.
problems faced by the banking sector are many and complex While exposed banks to severe criticism and sometimes charges have no justification collide attempts to justify these challenges, not in defense of the banks, although he project to protect the country's economy because the funds are state funds with the result and the citizens, in fact, but the right to say that the conflicting and overlapping laws and powers that have contributed to the failure of the sector banking and came from behind.
should based on banks viewed as an integrated unit governmental or private may not be a double standard err one required fortify the banking sector from falling into it and work to be harnessed to serve the construction and reconstruction and implementation of development programs, and this is the ultimate goal of survival.
bottom line is that what required of private banks of procedures and programs and modern technology must compel the government to live up performance by the bank to the ranks of developed nation
[You must be registered and logged in to see this link.]
7/24/2014 0:00
Baghdad Yasser incumbent
seeks CBI to adopt advanced methods in banking systems and working steps balanced for the introduction of modern technology have over the implementation of the infrastructure project and the goal of the payments system in Iraq.
measures announced by the central recent special mechanization processes settlement instruments and payment orders between government institutions and banking electronically through a system of payments using a secure network and solid and effective will inevitably in the development of the financial sector in Iraq and reducing the phenomenon of carrying cash, according to experts, with the quest to reduce this phenomenon, and his eagerness to limit the use of the (cash), it seeks to automate the settlement checks, salaries and activate automation systems for card electronic, in order to preserve more cash in bank accounts.
, but the problem faced by this process lies in the speed of response of private banks and the reluctance of banks, public (government) to accept this important mechanisms which requires work in both sectors at the same time, the required permission restructuring of the banking system of government where were efforts in this cut games in but to no avail, is possible to use the experience of private banks?
gap disclose the issue is very important is that the actions of the Central bound for private banks with no obligation on the government banks considering that the responsibility dispersed among Central and Finance on the banks and this requires legislation ensures that bind the government measures the central or to the ministry in coordination with the Central compel it to any (government banks) implementation.
Apart from this overlap and problems which caused delays in the banking sector to catch up with global disciplines Van (Necessity is the mother of invention) as the saying goes common how?
caught my attention invitation economic researcher for the adoption of the smart card in the payment of salaries and wages among the beneficiaries in hot areas because of the conditions and events experienced by the country in which they pointed to the difficulty of transferring money across the country because of the events that take place in different parts of the country, and called for the speed of implementation of programs related to electronic payment coordination between the central and Finance to ensure the safety of the arrival of salaries and wages to the beneficiaries, regardless of the security situation and the events that take place here or there and this scene highlights the importance of the adoption of modern mechanization in the performance of banks.
problems faced by the banking sector are many and complex While exposed banks to severe criticism and sometimes charges have no justification collide attempts to justify these challenges, not in defense of the banks, although he project to protect the country's economy because the funds are state funds with the result and the citizens, in fact, but the right to say that the conflicting and overlapping laws and powers that have contributed to the failure of the sector banking and came from behind.
should based on banks viewed as an integrated unit governmental or private may not be a double standard err one required fortify the banking sector from falling into it and work to be harnessed to serve the construction and reconstruction and implementation of development programs, and this is the ultimate goal of survival.
bottom line is that what required of private banks of procedures and programs and modern technology must compel the government to live up performance by the bank to the ranks of developed nation
[You must be registered and logged in to see this link.]
Today at 7:18 am by Rocky
» utube 9/28/24 MM&C IQD Update News -Iraq PM - $83 Billion 3 Years - Stability - Global Contracts -
Today at 7:17 am by Rocky
» MP: Strategic facilities in Iraq are fully secured
Today at 7:07 am by Rocky
» Central Bank of Iraq sells more than $250 million in auction today
Today at 7:05 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in the month
Today at 7:04 am by Rocky
» Launch of the October social assistance payment
Today at 7:03 am by Rocky
» Al-Sudani's advisor explains: Did electronic payment procedures contribute to preserving the dinar's
Today at 7:02 am by Rocky
» Baghdad funds Erbil with 243 billion dinars to pay salaries of the region’s employees
Today at 6:58 am by Rocky
» The Council of Ministers holds its regular session headed by Al-Sudani
Today at 6:56 am by Rocky
» Prime Minister Makes Phone Call to Jordanian King
Today at 6:55 am by Rocky
» Commerce announces launch of new food basket
Today at 6:54 am by Rocky
» Warning to Iraqis: New ways to steal your money and smuggle it abroad
Today at 6:50 am by Rocky
» Former MP: Parliament presidency decision postponed until further notice due to recent events
Today at 5:10 am by Rocky
» Al-Kubaisi: Al-Halbousi has no choice but to support Al-Mashhadani for the presidency of Parliament
Today at 5:09 am by Rocky
» Coordination Framework Leader: Weakness in Cybersecurity Equals Danger of Terrorism
Today at 5:08 am by Rocky
» MP confirms proceeding with questioning the Minister of Transport
Today at 5:06 am by Rocky
» Parliamentary complaint against the Minister of Finance due to the delay in releasing allocations to
Today at 5:05 am by Rocky
» Document: Al-Sadr sues an Iraqi Foreign Ministry employee who refused to interrupt Netanyahu’s speec
Today at 5:03 am by Rocky
» Nechirvan Barzani discusses several issues with the Russian ambassador, including the Kurdistan elec
Today at 5:02 am by Rocky
» Al-Fartousi: There are no hazardous materials in Iraqi ports
Today at 5:00 am by Rocky
» Two rounds of licensing for oil and gas investment in the next phase
Today at 4:58 am by Rocky
» World Green Economy Summit Announces Program for 10th Session
Today at 4:57 am by Rocky
» Minister of Industry counts the number of profitable government companies: I do not support their pr
Today at 4:55 am by Rocky
» This is their value.. 9 American and Asian investment funds trade in the Iraqi market
Today at 4:54 am by Rocky
» Minister of Planning: We have moved forward to draw a new map of the population reality in Iraq
Today at 4:53 am by Rocky
» Completing the procedures for raising pensioners’ salaries in Iraq
Today at 4:52 am by Rocky
» Two new rounds of oil and gas investment
Today at 4:50 am by Rocky
» Start accepting service purchase requests
Today at 4:49 am by Rocky
» State Administration Coalition confirms unity of Iraqi position
Today at 4:47 am by Rocky
» Establishing 19 schools with international standards in Kirkuk
Today at 4:45 am by Rocky
» Decrease in illiteracy rates in the region
Today at 4:44 am by Rocky
» Purchase of service for insured workers for retirement purposes
Today at 4:43 am by Rocky
» Implementation of 6 major projects in the capital
Today at 4:41 am by Rocky
» Iraqi oil rebounds amid Middle East escalation
Today at 4:38 am by Rocky
» Baghdad Today publishes the names of those covered by income-generating loans in the Ministry of Lab
Today at 4:37 am by Rocky
» The crisis of fleeing the land of the cedars.. Kurdistan's eye on Lebanese investors, but! - Urgent
Today at 4:35 am by Rocky
» "Air Peak" Enters the Skies of Two US Forces Bases in Iraq
Today at 4:33 am by Rocky
» Revealing the number of citizens in the Hasabi project.. a different number to satisfy Baghdad
Today at 4:31 am by Rocky
» An expert reveals the reason for the fragility of the Iraqi market: Countries want imports to remain
Today at 4:30 am by Rocky
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
Today at 4:28 am by Rocky
» Expert proposes a single proposal to confront the decline in oil prices and issues a warning to prod
Today at 4:26 am by Rocky
» Head of Erbil Chamber of Commerce reveals steps to develop trade relations with Russia
Today at 4:24 am by Rocky
» In Al-Sudani’s office, the State Administration Coalition discusses “dangerous” developments in the
Today at 4:23 am by Rocky
» Maxim Malarjuk: Russia has made remarkable progress in the energy sector in the Kurdistan Region Sep
Today at 4:21 am by Rocky
» Kurdistan Region.. More than 5 thousand service projects at a cost exceeding 4 trillion dinars
Today at 4:20 am by Rocky
» Al-Awadi: The procedures for the withdrawal of coalition forces from Iraq began days ago
Today at 4:19 am by Rocky
» Civil Service Council denies transferring job applicants to the third phase
Today at 4:18 am by Rocky
» The Holidays Law does not include October 3 as an official holiday.
Today at 4:16 am by Rocky
» The first conference on human capital development in Iraq kicks off
Today at 4:15 am by Rocky
» Iraq confirms to Britain: The region faces serious challenges and a ceasefire must be reached
Today at 4:13 am by Rocky
» Al-Sudani gives 48 hours to identify those responsible for security breach in Baghdad
Today at 4:12 am by Rocky
» Government confirms the importance of continuing the work of the NATO mission in Iraq
Today at 4:09 am by Rocky
» Dollar exchange rates rise in Iraqi stock exchanges today
Today at 4:08 am by Rocky
» Full details of purchasing the service for insured workers for retirement calculation purposes
Today at 4:06 am by Rocky
» Expectations of Israeli strikes reaching Iraq
Today at 4:03 am by Rocky
» 16% during the current year.. Decrease in illiteracy rates in the Kurdistan Region
Today at 4:01 am by Rocky
» Good news for retirees.. What about their salaries?
Today at 4:00 am by Rocky
» MM&C 9/29/24 "THE EXPECTED PATH OF THE IRAQI ECONOMY"
Yesterday at 7:20 am by Rocky
» MM&C 9/29/24 What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud
Yesterday at 7:19 am by Rocky
» MM&C 9/29/24 What after the closure of the currency auction at the Central Bank of Iraq?
Yesterday at 7:18 am by Rocky
» Iraq doubles stock traders by 500%, US sanctions against banks will be lifted - Al-Haymas
Yesterday at 7:16 am by Rocky
» The Central Bank of Iraq discusses opening communication channels with the Spanish.. Al-Alaq meets w
Yesterday at 7:11 am by Rocky
» Central Bank Sells Over $263 Million in Auction Today
Yesterday at 7:09 am by Rocky
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
Yesterday at 7:07 am by Rocky
» The Central Bank determines the commission of exchange companies for selling the dollar
Yesterday at 7:05 am by Rocky
» House of Representatives amends tomorrow's session agenda
Yesterday at 7:03 am by Rocky
» Internal and external debts "exhaust" the Iraqi budget, and experts diagnose the reasons
Yesterday at 7:00 am by Rocky
» "One of the doors of corruption" .. Parliamentary Transportation Committee criticizes the food file
Yesterday at 6:58 am by Rocky
» House of Representatives amends agenda for tomorrow's session
Yesterday at 6:56 am by Rocky
» Interior: We have concluded more than 10 different contracts with the military industry
Yesterday at 6:50 am by Rocky
» Director of Iraqi Ports issues directives to Umm Qasr Port Management
Yesterday at 6:49 am by Rocky
» Drafting a draft law to regulate electronic payment
Yesterday at 6:47 am by Rocky
» Al-Sadiqoun to the Foreign Ministry: Why did the Iraqi representative to the United Nations not with
Yesterday at 6:44 am by Rocky
» Mr. Al-Hakim to the British Ambassador: The international community bears the responsibility to prev
Yesterday at 6:42 am by Rocky
» In detail.. Transport announces the completion of all sections of the five berths project within the
Yesterday at 6:40 am by Rocky
» Developing a new method for recycling plastic waste
Yesterday at 5:21 am by Rocky
» Popular movement criticizes the position of the Ministry of Foreign Affairs on what is happening in
Yesterday at 5:20 am by Rocky
» Parliamentary Committee Supports Imposing Collection Fees on Services
Yesterday at 5:19 am by Rocky
» Politician: Parliament presidency negotiations have been limited between Progress and the Framework
Yesterday at 5:18 am by Rocky
» Parliamentary Security announces its follow-up to the agreement with the coalition forces regarding
Yesterday at 5:17 am by Rocky
» MP: Our ability to combat airspace violations has tripled
Yesterday at 5:16 am by Rocky
» After the Baghdad-Washington agreement... fears of American evasion to continue the presence of its
Yesterday at 5:14 am by Rocky
» Governmental move to implement new infrastructure projects
Yesterday at 5:13 am by Rocky
» Iraqi Army Prepares.. High-Level Security Meeting to Confront "Any Emergency" (Video)
Yesterday at 5:11 am by Rocky
» Al-Haims expects lifting of "sanctions" on Iraqi banks: No violations proven
Yesterday at 5:08 am by Rocky
» With a length of 37 km.. Water Resources completes the dredging and purification of the Sabla dirt s
Yesterday at 5:07 am by Rocky
» Record high for house rents in Baghdad
Yesterday at 5:06 am by Rocky
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
Yesterday at 5:04 am by Rocky
» The presence of "explosive materials" in Iraqi ports raises controversy... What is happening?
Yesterday at 5:03 am by Rocky
» Iraq ranked 64th globally in the hunger index last year
Yesterday at 5:02 am by Rocky
» Law to regulate {electronic payment}
Yesterday at 5:00 am by Rocky
» New infrastructure projects
Yesterday at 5:00 am by Rocky
» Government Real Estate Statistics
Yesterday at 4:58 am by Rocky
» big goal
Yesterday at 4:57 am by Rocky
» The President of the Republic and the Prime Minister call for unifying ranks and words
Yesterday at 4:56 am by Rocky
» Government completes diplomatic action plan
Yesterday at 4:55 am by Rocky
» Completion of 11 industrial investment projects in Najaf
Yesterday at 4:54 am by Rocky
» {Service Government} has proven its effectiveness in word and deed.
Yesterday at 4:53 am by Rocky
» Al-Sudani discusses regional situation with EU representative
Yesterday at 4:51 am by Rocky