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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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    Finance is discussing with the International Monetary Fund expanding the use of electronic payment d

    Rocky
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    electronic - Finance is discussing with the International Monetary Fund expanding the use of electronic payment d Empty Finance is discussing with the International Monetary Fund expanding the use of electronic payment d

    Post by Rocky Mon 18 Dec 2023, 6:40 am

    [size=35][size=35]Finance is discussing with the International Monetary Fund expanding the use of electronic payment devices[/size]
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    Sweeteners

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    2023-12-18 | 07:07
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    Today, Monday, the Ministry of Finance discussed with the International Monetary Fund expanding the use of electronic payment devices.


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    The ministry stated in a statement received by Al-Sumaria News, “A delegation headed by the Minister of Finance, Taif Sami Muhammad, the advanced staff in the ministry, and a number of representatives of the ministries and the [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url], participated in the meetings of the visiting mission of [url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url] experts held in Jordan for the period from 14-12/17.” /2023".



    The meeting discussed, according to the statement, “priorities for correcting public finances through structural reforms, represented by encouraging foreign trade payments to commercial banks and reducing dependence on cash, in addition to expanding the use of point-of-sale devices and electronic payments, and accelerating the completion of the restructuring of government banks.”

    On the other hand, the meeting discussed, according to the statement, “the actual expenses and revenues until September 2023 and the expected ones for the end of this year, and the spending ceilings for the year 2024, in addition to the appointments file contained in Budget Law No. (13) of 2023, financial reforms, bank structuring, and the automation of customs, taxes, and treasury accounts.” The unified and comprehensive banking system and the application of the [url=https://www.alsumaria.tv/Entity/44027/%D9%86%D9%82%D8%A7%D8%B7 %D8%A7%D9%84%D8%A8%D9%8A%D8%B9/ar/]POS[/url] electronic payment system for the purpose of maximizing revenues.

    The statement added, “The meeting discussed supporting funds allocated to allocations in the general budget, in addition to structural reforms to support the development of the private sector, increasing job opportunities, reforms of the retirement system and the social protection network, increasing revenues and exports, increasing economic growth, banking and electricity sector reforms, enhancing governance, and reducing corruption.”

    The meeting also stated, “The role of the [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url] in tightening monetary policy appropriately with the aim of alleviating inflationary pressures by continuing to enhance liquidity management, as the Central Bank has achieved good progress in implementing technical assistance recommendations for managing local liquidity and bridging the time gap between auctions of bank instruments to ensure continuity of liquidity absorption.” ;.

    Sami explained, during the meeting, that “economic recovery is underway amid the return of commercial financing to normal and the large financial expansion, maintaining economic stability and the importance of coordination between monetary and financial policy and ensuring the sustainability of the need to gradually renew financial policy while maintaining spending on the necessary infrastructure and spending needs.” Social security, controlling the wage bill and increasing non-oil tax revenues.

    The Fund praised “the role played by member states in economic and financial reforms to achieve sustainable development goals.”

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