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Central Bank Governor: We are working with the government program and the Prime Minister’s directives to support electronic payment
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[rtl]Baghdad / NINA / The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, organized by the Osool Foundation for Economic Development and Sustainable Development.
The governor said during his speech at the workshop: "The Central Bank of Iraq works side by side with the government program and the Prime Minister's direction to support electronic payment, and we are proud of what we have achieved so far. In 2023, the amounts processed through the national switchboard witnessed a significant increase, reflecting the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular."
He added: “These upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems amounted to more than two trillion Iraqi dinars in July alone, compared to (800) billion dinars in the same month of 2023, after which it became one trillion dinars in January of 2024, and government payments witnessed an additional increase, reaching (912) billion Iraqi dinars in July compared to (287) million dinars in the same month of 2023.”
He pointed out that payment operations at fuel stations in Baghdad alone increased significantly, recording more than (44) billion dinars in July of this year, compared to (183) million dinars in July of 2023 and (4.5) billion dinars in December 2023, revealing a huge increase in the number of points of sale (POS) to reach more than (50) thousand points of sale this year compared to approximately (11) thousand points of sale (POS) at the beginning of 2023, and thousands of them are in government institutions after they were zero before the launch of the campaign in June 2023.
He expressed his hope that government institutions would adopt the establishment of units specialized in electronic payment technologies to work on following up and developing this important aspect. / End9[/rtl]
The governor said during his speech at the workshop: "The Central Bank of Iraq works side by side with the government program and the Prime Minister's direction to support electronic payment, and we are proud of what we have achieved so far. In 2023, the amounts processed through the national switchboard witnessed a significant increase, reflecting the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular."
He added: “These upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems amounted to more than two trillion Iraqi dinars in July alone, compared to (800) billion dinars in the same month of 2023, after which it became one trillion dinars in January of 2024, and government payments witnessed an additional increase, reaching (912) billion Iraqi dinars in July compared to (287) million dinars in the same month of 2023.”
He pointed out that payment operations at fuel stations in Baghdad alone increased significantly, recording more than (44) billion dinars in July of this year, compared to (183) million dinars in July of 2023 and (4.5) billion dinars in December 2023, revealing a huge increase in the number of points of sale (POS) to reach more than (50) thousand points of sale this year compared to approximately (11) thousand points of sale (POS) at the beginning of 2023, and thousands of them are in government institutions after they were zero before the launch of the campaign in June 2023.
He expressed his hope that government institutions would adopt the establishment of units specialized in electronic payment technologies to work on following up and developing this important aspect. / End9[/rtl]
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