[size=36]Launching a platform to pay the salaries of Iraqi retirees residing in Arab countries[/size]
[You must be registered and logged in to see this link.]
The Central Bank of Iraq announced, on Thursday, the launch of a platform to pay the salaries of Iraqi retirees residing in Arab countries.
The bank said, in a statement that Mawazine News received a copy of, that "the Arab Monetary Fund, the Central Bank of Iraq, the Central Bank of Jordan, the Central Bank of Egypt, and the (Bunna) platform launched a joint Arab initiative to launch a service for paying the salaries of retirees residing in Arab countries using this platform." .
The Governor of the Central Bank, Mustafa Ghaleb Makhaif, said, according to the statement, that "Iraq is keen to provide the best financial services to its citizens," noting that "this initiative will provide excellent financial services and solutions to Iraqi retirees residing in sister countries, Jordan and Egypt, when receiving their monthly dues directly through bank accounts with transparency." The cost is moderate and fast.
He added, "The initiative comes within the framework of our continuous efforts to employ financial technology and provide the banking sector with the best modern and secure solutions in the payments sector and financial inclusion, in a way that enhances joint Arab economic cooperation."
He pointed out that "the initiative seeks, as a first stage, to include the category of Iraqi retirees residing in both the Hashemite Kingdom of Jordan and the Arab Republic of Egypt from receiving their monthly salaries more quickly and with higher efficiency, by opening a bank account for every Iraqi retiree who wishes to benefit from this service in any of the participating banks." In the initiative, which has completed the requirements of technical readiness to join the Bonani platform.
It is noteworthy that the "Buna" platform is a payment system operated by the Regional Corporation for Clearing and Settlement of Arab Payments, which is owned by the Arab Monetary Fund, and it constitutes an integrated system specialized in providing clearing and settlement services for payments in Arab and international currencies, aiming to empower financial and banking institutions in the Arab region and beyond. Including central and commercial banks, from sending and receiving inter-payments throughout the Arab region and abroad in a safe and reliable manner, at an appropriate cost and with high efficiency. Ended 29 / H