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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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    Central Bank Governor Ali Al-Alaq calls for making private sector collections through electronic pay

    Rocky
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    Central Bank Governor Ali Al-Alaq calls for making private sector collections through electronic pay Empty Central Bank Governor Ali Al-Alaq calls for making private sector collections through electronic pay

    Post by Rocky Sat 02 Mar 2024, 4:26 am

    Central Bank Governor Ali Al-Alaq calls for making private sector collections through electronic payment

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    Central Bank Governor Ali Al-Alaq during a workshop on enhancing electronic government collection



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    The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed today, Friday, the presence of great interest and interaction by Prime Minister Muhammad Shiaa Al-Sudani, urging state institutions to make electronic payments, while noting that the volume of funds collected from state institutions indicates the success of the electronic collection project.
    Al-Alaq said, “We are standing on an important station at the national level, which is electronic payment,” indicating that “the issue relates to economic, regulatory, supervisory, and stimulating aspects of investing resources or funds instead of being outside the banking and financial system.”
    He pointed out that "electronic collection is an important pillar in activating electronic payment because of the presence of institutions, multiple services, fees and fees, and many services that can save costs, organize and control them through electronic payment methods for which the Central Bank provides the infrastructure and makes it applicable."
    He added, "There is an effort at the national level that requires the combined efforts of all institutions, and there is great care, interest, and interaction from the Prime Minister, who is following up with the Central Bank and the concerned authorities to urge ministries and state institutions to interact with this major project."
    He stressed that "the numbers mentioned regarding the use of electronic payment indicate that the launch was very successful, and reflect that the issue is moving in the right direction by including all state institutions concerned with collection with the application of electronic payment."
    He explained that "the numbers reflected all state institutions and provided electronic collection, and the amount of funds indicates success," expressing his hope that "the scope of application will expand to include all private sectors."
    He pointed out that "there is a great response from the federations and concerned private and public economic bodies to advance this large national project and its multiple episodes," stressing that "the Central Bank is working on multiple levels in order to reach important leaps."



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