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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: We have a broad transformation program towards digitization

    Rocky
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    • Post n°1

    Central Bank Governor: We have a broad transformation program towards digitization Empty Central Bank Governor: We have a broad transformation program towards digitization

    Post by Rocky Sat 10 Aug 2024, 4:59 am

    Central Bank Governor: We have a broad transformation program towards digitization

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    Economy News - Baghdad
    [rtl]The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed the existence of a broad transformation program towards digitization and the use of electronic payment tools.[/rtl]
    [rtl]Al-Alaq said in an interview followed by "Al-Eqtisad News", "There is a broad transformational program towards digitization and the use of electronic payment tools in a way that enhances this large program, and today we are witnessing developments reflected by the real numbers of the use of electronic payment tools, whether in the public or private sector."[/rtl]
    [rtl]Al-Alaq added: “We are now providing the broad infrastructure to enable all financial services tools and products to play their role,” considering that “this plays a very important role in our national economy and also in investing the existing energies, whether material or human.”[/rtl]
    [rtl]The Governor of the Central Bank of Iraq pointed out that "there is an integration of roles between electronic payment companies, banks and the Central Bank in a continuous manner in order to proceed with this major project."[/rtl]
    [rtl]He stressed, "We will reflect the size of the development in numbers in the past period and how the growth has become significant using these tools."[/rtl]
    [rtl]In June 2023, the Central Bank of Iraq announced the entry into force of Iraqi Cabinet Resolution No. (23044) for the year 2023, which is to increase the number of electronic payment devices in government institutions and the private sector to enhance the culture of electronic payment and collection, and reduce the use of paper money in collection and commercial transactions.[/rtl]


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