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Prime Minister directs to pursue speculators in the currency market
Second and third 2024/10/08
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Prime Minister Mohammed Shia al-Sudani directed, yesterday, Monday, to study and launch the government incentive program for the use of electronic payment tools, as well as simplifying procedures for business owners in the field of money transfers, and pursuing speculators who exploit the crises that the region is going through. The
Prime Minister's media office stated in a statement received by "Al-Sabah": "The Prime Minister chaired a meeting dedicated to reviewing the comprehensive reform plan for the financial and banking sector in Iraq, in the presence of the Minister of Finance, the Governor of the Central Bank of Iraq, and a number of advisors and directors of government banks."
The Prime Minister stressed, according to the statement, "the need to intensify inspection procedures in money transfer operations, and not to be lenient or lenient in pursuing speculators who exploit the crises that the region is going through, in order to achieve personal profits and benefits at the expense of the public interest of the country, directing the Ministry of Finance, the Central Bank, and bank directors to simplify procedures for business owners, regarding money transfers." Al-Sudani directed "the formation of a working group to prepare packages to deal with the current economic and financial situation, and to re-operate with investment tools in the Central Bank of Iraq and link them to the size of each bank's deposits."
The statement continued, "During the meeting, financial reforms and monetary policies were discussed in light of the decisions taken by the Council of Ministers, as Al-Sudani directed to fully activate all decisions and review the obstacles that prevented the implementation of some of them."
He pointed out that "the meeting witnessed a discussion of the progress of work in the plans prepared within the framework of developing the work of banks, and the reform measures undertaken by the banks' administrations with Ernst & Young, and the level of progress achieved in this regard, in a way that ensures providing the best services to their customers.
" He added, "The meeting discussed the facilities provided by banks in the field of attracting deposits, which enhances the role of the banking sector in financing projects and promoting economic development, and Al-Sudani directed to reconsider the benefits provided by banks to depositors."
The statement concluded, "The meeting discussed the measures taken to encourage citizens to continue using electronic payment systems, which are witnessing a significant increase in the number of users. In this regard, Al-Sudani directed the study and launch of a government incentive program to use electronic payment tools, including cash refunds."
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