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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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    What is the impact of the use of electronic payment on the Iraqi economy?

    Rocky
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    What is the impact of the use of electronic payment on the Iraqi economy? Empty What is the impact of the use of electronic payment on the Iraqi economy?

    Post by Rocky Sun Feb 25, 2024 7:15 am

    What is the impact of the use of electronic payment on the Iraqi economy?

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    Economy News - Baghdad
    Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of electronic payment on the Iraqi economy, while confirming the existence of accelerated government steps in this regard. He referred to the anti-corruption file.
    Al-Mashhadani said, in a televised interview followed by Al-Iqtisad News, that “there are accelerated government steps regarding electronic payment and digital transformation, especially when state institutions were forced to pay dues through electronic payment methods,” indicating “the necessity of disseminating this culture among the public.” .
    He added, "The government steps during the previous six months were good, and may accelerate in the coming days," noting that "this issue has two sides, one of which depends on the government and the other on individuals."
    The economic expert explained, "This process will help individuals simplify payment methods, and the gain could be through the discount points that he can achieve."
    As for the government, Al-Mashhadani stated that “the electronic payment process will contribute to the government in withdrawing the cash mass available to the public, at a time when there are more than 90 trillion dinars outside the banking system,” stressing that “if half of these amounts were deposited in banks, there would be no problem with financing.” Budget deficit, or borrowing from abroad.
    He stressed that "anti-corruption operations through digital transformation are considered a secondary priority in the electronic application, because the corruption process exists," pointing out that "an employee who accepts bribes through manual payment will naturally accept bribes through electronic payment."


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