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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 Governor of the Iraqi Central Bank identifies the advantages of “electronic collection”: a very

    Rocky
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    electronic - The Governor of the Iraqi Central Bank identifies the advantages of “electronic collection”: a very  Empty The Governor of the Iraqi Central Bank identifies the advantages of “electronic collection”: a very

    Post by Rocky Thu 22 Feb 2024, 7:01 am

    The Governor of the Iraqi Central Bank identifies the advantages of “electronic collection”: a very important episode

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    Economy News - Baghdad
    Today, Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described the issue of electronic collection as an “important episode,” and while he pointed to the advantages of collection, he stressed the Central Bank’s commitment to supporting this initiative.
    Al-Alaq said in a speech during a workshop organized by the Iraqi Private Banks Association, and attended by an “Al-Iqtisad News” correspondent, that “the launch of the electronic collection project comes as a translation of the commitment of the Central Bank and the banks and financial institutions subject to the supervision of the Central Bank to implement its vision and strategic objectives to develop the financial banking sector in Iraq.”
    He added, "The project will contribute significantly to enhancing government resources and collecting them in a reliable, secure and transparent environment, relying on the infrastructure in payment systems and electronic payment platforms provided by the Central Bank and providing payment services."
    Al-Alaq stated, “This project generally targets all governmental ministries, as well as non-governmental ministries, unions, and associations from which the amounts are collected,” pointing out that “this project will enable the automation of all collection operations, the adoption of electronic payment tools, and the reduction of cash transactions, which in turn will help reduce the burden of burden on citizens by accelerating the completion of transactions.”
    The Governor of the Central Bank explained, “Customers can choose the time and place they want to pay bills, and this will save time and effort and provide services to pay citizens through multiple payment channels with a high degree of trust and security.”
    He pointed out that “this matter increases collection rates, reduces costs, reduces the risks of cash dealing, raises the efficiency of the service provided to the citizen, and obtains integrated data and reports,” considering that “electronic collection is an important link among the links seeking to reduce the phenomenon of the cash economy, which the Central Bank seeks to achieve.” Working on it at several levels for optimal use of transportation and expanding financial inclusion.”
    Al-Alaq stressed, “The Central Bank affirmed its full commitment, in partnership with its colleagues, to support this initiative by supporting the growth and use of the local economy while preserving its stability and status through cooperation and purposeful challenge.”




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    electronic - The Governor of the Iraqi Central Bank identifies the advantages of “electronic collection”: a very  Empty The Governor of the Central Bank details the objectives and advantages of the electronic collection

    Post by Rocky Sat 24 Feb 2024, 4:26 am

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    [size=52]The Governor of the Central Bank details the objectives and advantages of the electronic collection project[/size]

    [size=45]The Governor of the Central Bank of Iraq, Ali Al-Alaq, detailed the objectives and advantages of the electronic collection project, while confirming that the banking sector receives continuous attention and support from Prime Minister Muhammad Shiaa Al-Sudani.[/size]
    [size=45]Al-Alaq said, in his speech during a workshop held by the Association of Private Banks: “We extend our thanks to Prime Minister Muhammad Shiaa Al-Sudani, for the continued attention and support that the banking sector has received to be one of the tributaries of the economy in Iraq, especially the subject of this workshop,” indicating that “the Prime Minister From the beginning, he was an interactive supporter interested in this issue, and we have ongoing meetings with him in the context of strengthening and pushing this issue in the required directions.”[/size]
    [size=45]Al-Alaq appreciated “the efforts of the ministries, government agencies and institutions for their interaction with this project, and we have impressions that we are proud of in this context through the interaction of the concerned departments and divisions in our ministries and institutions, a fact that constitutes a motivating and encouraging point to proceed with such initiatives and such programmes.”[/size]
    [size=45]He pointed out that “the launch of the electronic collection project comes as a translation of the commitment of the Central Bank and the banks and financial institutions subject to the supervision of the Central Bank to implement its vision and strategic objectives to develop the financial and banking sector in Iraq, as this project contributes significantly to enhancing government resources and collecting them in a reliable, safe and transparent environment, relying on The infrastructure for payment systems and electronic payment platforms provided by the Central Bank and licensed payment service providers.”[/size]
    [size=45]He pointed out that “the project generally targets all governmental ministries, as well as non-governmental ministries, unions and associations from which the amounts are collected, as this project enables the automation of all collection processes, the adoption of electronic payment tools and the reduction of cash transactions, which in turn will help alleviate the burden of citizens by accelerating the payment of cash transactions.” Transaction completion.[/size]
    [size=45]He noted that “the electronic collection system enables customers to choose the time and place they want to pay bills, and this would save time and effort and provide payment services to citizens through multiple payment channels with a high degree of trust and security, and this would increase collection rates and reduce costs and labor.” operating, reducing the risks of cash dealing, raising the efficiency of the service provided to citizens, and obtaining integrated data and reports.”[/size]
    [size=45]He stressed that “electronic collection is an important link in a major goal that seeks to limit the phenomenon of the cash economy, and the Central Bank seeks to work on it at several levels in order to optimize the use of cash, expand financial inclusion at the lowest costs, and push transactions through banking and financial channels in a way that maximizes economic and social benefits.” .[/size]
    [size=45]He stressed “the importance of holding such workshops because of their direct impact on developing capabilities through the fruitful exchange of knowledge, experiences and developmental visions, as well as discussing the opportunities and challenges facing the financial and banking sector and how to overcome them and investing all possible opportunities in its development.”[/size]
    [size=45]He stressed, “The Central Bank’s commitment, and in partnership with our colleagues, to support this initiative by supporting the growth and sustainability of the local economy while preserving its stability and position. Through cooperation and purposeful challenge, we can achieve great achievements and positive abundance in this vital sector and achieve a common vision towards a more stable and prosperous future.”[/size]
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