[size=36]The Central Bank announces the entry into force of the Cabinet's decision regarding the use of electronic payment devices[/size]
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The bank indicated that “it has been going on for years to provide this service in accordance with its powers, and in compliance with the decision of the esteemed Council of Ministers, as it has started since the beginning of this year to expand the scope of work, hold workshops and launch incentive initiatives to implement financial inclusion and enhance the use of electronic payment by citizens in ministries.” And the bodies and state departments that work with collection and financial collection, such as the Ministry of Interior, Electricity and Oil, the Housing Fund, the Municipality of Baghdad, and the Ministry of Commerce. The citizen has the right to choose to pay in the way that makes it easier for him.
The Central pointed out that "there is a great response from the private sector, commercial centers, licensed delivery companies, taxi companies licensed by the competent sectoral authorities, and some universities and private hospitals, by providing point-of-sale (POS) devices in their work."
The statement stated, "The bank has provided the necessary infrastructure and support for the launch of this project in its expanded form, and its continued development in accordance with the best international technologies and specifications in service of the public interest, and facilitating procedures for electronic cash circulation through bank cards." The service to the bank holding the account of the billed government entity shall be after the completion of processing and settlement operations in payment systems of high reliability and security, affiliated to the Central Bank of Iraq and in accordance with international best practices.