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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: We have not issued any decision to stop electronic payment cards

    Rocky
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    Central Bank: We have not issued any decision to stop electronic payment cards Empty Central Bank: We have not issued any decision to stop electronic payment cards

    Post by Rocky Mon 22 May 2023, 5:11 am

    Central Bank: We have not issued any decision to stop electronic payment cards

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    Economy News - Baghdad
    The Central Bank of Iraq confirmed, on Monday, that no decision had been issued regarding stopping electronic payment cards, while indicating the tendency to prepare a strategy for dealing with international organizations to enhance financial inclusion.
    The Deputy Governor of the Central Bank, Ammar Khalaf, said, "The Central Bank has not issued any decision to stop electronic payment cards, but rather it encourages their use inside and outside Iraq instead of the citizen taking the dollar outside Iraq. He can use the card for purchases."
    He pointed out that "there are many challenges facing the Central Bank, including the development of the financial sector, the exchange rate and its stability, electronic payment and increasing financial inclusion, all of which are major challenges and goals," noting that "this needs the efforts of the private sector to achieve stability for the Central Bank."
    Khalaf continued, in an interview with the official news agency, followed by "Al-Iqtisad News", that "the Central Bank alone is unable to achieve all its goals in light of the structural imbalance in the Iraqi economy."
    He pointed out that "there are continuous efforts made by the Central Bank, through monetary policy measures and meeting merchants' requests to obtain foreign currency in accordance with legal contexts, and therefore the Central Bank uses various monetary policy tools, including the open market currency, the policy rate, and others, to achieve stability."
    He explained, "The Central Bank has integrated infrastructure, and it encourages banks to work with advanced technology, especially electronic payment tools and reduce the use of cash," noting that "the Central Bank is working on a special strategy in dealing with international organizations to enhance financial inclusion as a goal." essential to its objectives.
     




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