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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Economists urge expanding the adoption of electronic payment in market transactions

    Rocky
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    Economists urge expanding the adoption of electronic payment in market transactions Empty Economists urge expanding the adoption of electronic payment in market transactions

    Post by Rocky Tue 20 Feb 2024, 4:57 am

    Economists urge expanding the adoption of electronic payment in market transactions


    Economical  02/20/2024
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     Baghdad: Shukran Al-Fatlawi


    Economics specialists stressed the need to expand the adoption of electronic payment systems in market transactions because of their multiple benefits, most notably the ease and ease of use and achieving a greater security element, while they indicated that these systems could be one of the factors related to reducing inflation levels. 
    The electronic payment file is being followed up by Prime Minister Muhammad Shiaa Al-Sudani through holding successive and continuous meetings in order to strengthen the procedures related to this issue, in light of the important progress made in arranging payment at the collection level, in addition to the fact that the Council of Ministers approved a number of important packages and decisions that facilitate this process. The process and not charging the citizen commissions.
    Speaking to Al-Sabah, economic expert Dr. Nabil Al-Marsoumi praised the adoption of electronic payment card systems, as they achieved clear and tangible results through their many advantages, most notably ease and ease of use.
    He added that the payment process according to this mechanism means the method of conducting financial transactions or paying bills and collecting money through an electronic intermediary without using cash, which achieves an element of safety compared to paper money, as well as controlling the infiltration of counterfeit money, not to mention maintaining safety in terms of controlling money. Diseases transmitted through the circulation of money 
    Contaminated.
    He continued that the electronic payment system is related to inflation levels, which have reached about 4 percent according to statistics, but it is too early to consider it a major factor in reducing this percentage, especially since it is an acceptable percentage compared to past years, as the comparison requires approximately a year to measure the difference between inflation levels. .
    Al-Marsoumi described the electronic payment process for merchants as a factor that helps maintain, guarantee, and security compared to cash dealing, in addition to reducing the burden of cash masses, accompanied by enabling the holder to obtain loans with ease and convenience.
    The Governor of the Central Bank, Ali Al-Alaq, confirms that the electronic payment process aims to significantly reduce the economic degree of cash and has important repercussions that focus on raising the level of transactions away from the excessive use of cash currently practiced in the local economy, indicating at the same time a significant decrease in inflation compared to the beginning.
     The year is 2023.
    In turn, Imad Al-Muhammadawi, who is interested in economic affairs, stressed to Al-Sabah the necessity of strengthening the electronic payment process in all economic fields and using this mechanism in market transactions, with the importance of making it a priority in the economic transformations and revolution taking place in the country and reducing the excessive use of cash in buying and selling operations. Because of the multiple positives it brings to all parties. 
    For its part, the Securities Commission announced that cash payments are accepted through electronic payment methods, and directed it to list payment companies on the stock market.
    The Chairman of the Authority, Faisal Al-Haims, said: The Authority represents a supervisory body for the Iraqi Stock Exchange, and since the beginning of the Prime Minister’s directive to take steps to automate electronic payment and ongoing operations in the market in general, the Authority has been forming a work team to support this file.
    He pointed out that the market is currently moving to use this mechanism through intermediaries working in the Iraq Stock Exchange, noting that electronic payment companies are not traded in the Iraq Stock Exchange, but there are companies in various other sectors, including banks, present in trading in the Iraq Stock Exchange.


    Edited by: Ali Mowafaq
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    Economists urge expanding the adoption of electronic payment in market transactions Empty Social Security Law...absent privileges

    Post by Rocky Thu 22 Feb 2024, 5:21 am

    Social Security Law...absent privileges




    Iraq  02/22/2024

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     Baghdad: Haider Al-Jaber
    Citizens are varyingly willing to benefit from the Social Security Law, as several obstacles stand in the way of fully benefiting from the law that was approved in the middle of last year and entered into force last August.
    One of the most important of these obstacles is the media’s failure to shed light on this important law, which is expected to ease the burden on government jobs with the benefits it provides that equal private sector workers with government employees, in addition to citizens’ unwillingness to pay any financial costs, even if they are minor. 
    Media Advisor to the Minister of Labor, Kazem Al-Atwani, praised the law and highlighted its important advantages, revealing the existence of inspection committees that visit small and large projects for the purpose of registering workers in them.
    Al-Atwani told Al-Sabah: “The Social Security Law entered into force last year, and we are receiving requests from citizens who want security at the individual level.” He added, “There are inspection committees from the Ministry of Labor that visit factories, companies, and other popular professions to demand workers’ security,” pointing out that “Employers are afraid of the financial consequences, and these committees have standards and controls that they work on, and they estimate the number of workers in each project.”
    He continued, "The law has been put into effect and there is a demand from craftsmen and professionals," and warned that "many citizens are ignorant of the privileges of this law," stressing, "We need an effective media effort to highlight the importance of this law to the worker."
    Al-Atwani stated, “The citizen thinks about the suspensions and ignores the positives, such as retirement and health insurance,” and pointed out that “this law almost equates the worker with the government employee.”
    Regarding workers in home projects, Al-Atwani stressed that “a worker at home, such as a seamstress or food processor, can protect herself with ease, and that this procedure only takes one visit to the ministry,” stressing that “these workers are included in maternity leave.”
    According to the Social Security Law, it includes all categories of workers in the private sector, as well as the resigned employee and those who had military service during the Iraq-Iran war, who work in the private sector.
    This law represents the main element for protecting and guaranteeing workers’ rights, and revitalizing the private sector in which more than 5 million workers work. The law will also ensure the expansion of the umbrella of inclusion by adding the security branch for voluntary retirement, and adding labor service in the government sector for the purposes of bonuses, promotions, and retirement, as well as including A retirement equation that provides psychological and financial stability, ensuring their equality with government retirees.

    Edited by: Muhammad Al-Ansari
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