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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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    The Iraqi Central Bank: A number of ministries have started entering the electronic payment project

    Rocky
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    The Iraqi Central Bank: A number of ministries have started entering the electronic payment project Empty The Iraqi Central Bank: A number of ministries have started entering the electronic payment project

    Post by Rocky Sun 04 Jun 2023, 2:07 pm

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    The Iraqi Central Bank: A number of ministries have started entering the electronic payment project


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    20:24  2023-06-03  234  Economy 0



    The Central Bank of Iraq confirmed, on Saturday, that great efforts have been made to accelerate the use and circulation of electronic payment.
     
    The Deputy Governor of the Central Bank, Ammar Khalaf, said in a press statement followed by "Al-Mutalaa", that "there are great efforts by the Central Bank in cooperation with banks and electronic payment companies; to accelerate the use of electronic payment tools in the Iraqi economy."  
     
    Khalaf added, "There are ministries that have started, now and gradually, to enter into the electronic payment project," noting that "the project needs systems before launching the electronic collection or collection process, and there is a need for proactive arrangements of electronic systems and infrastructure."  
     
    He pointed out that "there are many contracts made by collection institutions, especially governmental ones, to adopt electronic payment in financial transactions," adding, "We believe that by the end of this year, there will be a noticeable change and increase in the number of payment devices and the citizens' willingness to use them. We also have Instructions that guarantee the rights and obligations of all parties involved in electronic payment.  
     
    On the first of June, the electronic payment process was launched in government institutions and the private sector.

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