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Al-Alaq: 44 billion dinars is the volume of fuel sales via electronic payment in a month in Baghdad
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Economy News - Baghdad
The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Saturday, that payment transactions at fuel stations in Baghdad recorded more than (44) billion dinars in July of this year.
Al-Alaq said during a workshop specializing in electronic payment, "The Central Bank of Iraq is working side by side with the government program and the Prime Minister's direction to support electronic payment."
He added: “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, 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.”
The Governor of the Central Bank explained that "these upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems amounted to more than (2) trillion Iraqi dinars in July alone, compared to (800) billion dinars in the same month of 2023, after which it became (1) trillion dinars in January of 2024, and government payments witnessed an additional increase, reaching (912) billion Iraqi dinars last 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."
Al-Alaq revealed "a huge increase in the number of POS points of sale to reach more than (50) thousand POS points of sale this year, compared to approximately (11) thousand POS points of sale at the beginning of 2023, and thousands of them 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 specialized units in electronic payment technologies to work on following up and developing this important aspect."
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Added 2024/08/10 - 12:27 PM
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Economy News - Baghdad
The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Saturday, that payment transactions at fuel stations in Baghdad recorded more than (44) billion dinars in July of this year.
Al-Alaq said during a workshop specializing in electronic payment, "The Central Bank of Iraq is working side by side with the government program and the Prime Minister's direction to support electronic payment."
He added: “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, 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.”
The Governor of the Central Bank explained that "these upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems amounted to more than (2) trillion Iraqi dinars in July alone, compared to (800) billion dinars in the same month of 2023, after which it became (1) trillion dinars in January of 2024, and government payments witnessed an additional increase, reaching (912) billion Iraqi dinars last 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."
Al-Alaq revealed "a huge increase in the number of POS points of sale to reach more than (50) thousand POS points of sale this year, compared to approximately (11) thousand POS points of sale at the beginning of 2023, and thousands of them 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 specialized units in electronic payment technologies to work on following up and developing this important aspect."
Views 46
Added 2024/08/10 - 12:27 PM
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