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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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    Central Bank: The government's decision to prevent the circulation of money in cash is binding and w

    Rocky
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    Central Bank: The government's decision to prevent the circulation of money in cash is binding and w Empty Central Bank: The government's decision to prevent the circulation of money in cash is binding and w

    Post by Rocky Sat 21 Jan 2023, 6:18 am

    [rtl]Central Bank: The government's decision to prevent the circulation of money in cash is binding and will be implemented[/rtl]

    economy  ,  2023/01/21 16:34  , the number of readings: 87 
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    [rtl]Baghdad - Iraq today:

    The Central Bank of Iraq confirmed, on Saturday, that the use of electronic payment tools will be spread in the government and private sectors in a binding manner.

    The bank's deputy governor, Ammar Hamad Khalaf, said in a press statement, "The cabinet's decision to activate electronic payment in all joints aims to reduce the use of cash and increase dealing with funds electronically through the use of cards, and it is important It complements the salary localization project that began to be implemented several years ago.

    He added, "The decision will enable the bank to implement a mechanism that enables employees to receive their salaries through the payment cards currently used, such as the MasterCard, and it is filled into their bank balance without the need to receive cash."

    He continued, "The Central Bank will intensify its efforts to increase the use of payment cards in markets and shops, and the Cabinet's decision will require government institutions and all spending units in the public and private sectors to find electronic payment devices in their dealings. "

    He stressed that "payment through electronic devices will reduce cash circulation, and it is better in terms of saving money and safer than transferring it."[/rtl]
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