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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The central bank plans to activate the electronic systems to minimize the cash trading process

    Rocky
    Rocky
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    The central bank plans to activate the electronic systems to minimize the cash trading process Empty The central bank plans to activate the electronic systems to minimize the cash trading process

    Post by Rocky Wed 03 Aug 2016, 3:14 am

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    The central bank plans to activate the electronic systems to minimize the cash trading process


     Baghdad / long-Presse 

    CBI revealed, on Tuesday, all give him thegovernment banks until next September, to adapt itself to electronic systems and transactions modern, while between the percentage of beneficiaries and users of those dealings in Iraq , "not to exceed" ten percent, favored the possibility of the contribution of orientations to expand their use and benefit from 77 percent of the money supply in the possession of citizens outside the banks, get rid of the cash circulation problems. 
    the governor of the central bank and the agency, on the Keywords, in an interview (range Press), " thepayment system is an important pillar of the banking and financial sector , " noting it "consists of two phases first is related to the large total transactions between banks and companies within the system is settled and conducting clearing operations and liquidation of the great number of daily banking transactions." 
    he added Keywords, " The second phase is a system of payment Retail of transactions daily for individuals topay their obligations through the card electronic or mobile and other phone , "noting that" the role of thecentral bank is monitoring and supervision beyond the field to the presence of problematic in banking transactions at the country level and the requisite large size of the precise organization. " 
    He explained the governor, that" the role of the central bank may be operated, partner or used for system electronic banking, "stressing that" the future role of the Central Bank is to supervise the system to be entrusted to operating the task to a company or a group belonging to the private sector companies. " 
    felt Keywords, that" the application of electronic trading requires work to provide the infrastructure required . " , pointing out that such "legislative legal structure governing the banking services to all its details." 
    He said the central bank governor, that " the Central Bank conducted a comprehensive review of the laws ofbanking and regulations in force and to develop an initial draft of the required legislation in this area, and issued an electronic payment system and controls subscribe infrastructure system Retail Payment , "noting that" the amount of $ 20 trillion dinars are being handled by a month in the framework of this system which isfast, accurate and support the national economy, away from a lot of problems. " 
    promised Keywords, said that" very cool and sophisticated retail payment system and helps the bank to follow All of these operations and to prevent violations and abuses, which is updated through the end of 2015 ,which are no problem , "pointing out that" the Central Bank is currently working with the World Bank to review and evaluate the national payments system, which was formed three locations of the data in the whole ofIraq, as well as one location outside Iraq to recover from the risks. " 
    he went on the central bank governor , saying that" Iraq is in need of a comprehensive banking systems followed by banks to enable the system to achieve its objectives , "revealing" a lack of State - owned banks for such an electronic system even though it has hundreds of branches. " 
    and gave Keywords "State - owned banks until next September, to adjust their positions within this electronic system," Mstrsla that " the central bank takes the organizational side by issuing controls the use of electronic credit cards and there are plenty of companies that submitted bids for work on the processing of these cards the bank to the fact that the center has divided National , which regulates these processes, and represents anincubator electronic banking operations. " 
    continued the governor, that" the Bank has developed a court will be launched in early 2017 to regulate such operations plan , "and expressed regret that " as a result of the low percentage of beneficiaries and users in Iraq who do not exceed ten percent and eight percent of these are very limited operations such as receiving salary only, and that only two percent of Iraqis are using smart cards. " 
    He expressed the Keywords, believed that" the trends in will help expand financial inclusion through the entry of more people to this systems and thus take advantage of in the possession of people 's money supply which amounts to 77 percent outside the system, as well as get rid of the cash circulation problems. " 
    the governor of the central bank and the agency, identified in ( the thirtieth of July 2016), in the next 2017, as the date for the launch of the currency e - mail through a dinar or electronic tags, returned that will facilitate transactions between government departments.
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    Rocky
    Rocky
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    The central bank plans to activate the electronic systems to minimize the cash trading process Empty The Central Bank intends to activate electronic systems to reduce the monetary circulation process

    Post by Rocky Wed 03 Aug 2016, 6:56 am

    The Central Bank intends to activate electronic systems to reduce the monetary circulation process

     Baghdad/long press

    The CBI revealed Tuesday, receiving State banks until next September, to adapt itself to modern electronic trading systems, while the proportion of beneficiaries and users of those dealings in Iraq "not later than" 10 percent, outweighed the potential contribution of expanded use of orientation and take advantage of 77% of the mass of cash outside banks and get rid of cash circulation problems.

    The Central Bank Governor said, agency relationship, (range), that "the payments system represents an important pillar of the banking and financial sector," adding that "consists of two phases, the first involving the total transactions between banks and companies within a system sorted out and clearing operations and liquidation of myriad of daily banking transactions.

    Added the relationship, that "the second phase is a retail payment system of daily transactions for individuals to repay their obligations through the e-card or mobile phone etc", stating that 

    "the role of the Central Bank is surveillance beyond the domain of existence in a nationwide banking and large size takes careful organization.

    The Governor said that "the role of the Central Bank may be an operator or a partner or using electronic banking system," he said, adding that 

    "the future role of the Central Bank is supervising system to the task of running a company or group of companies belonging to the private sector."

    He felt the relationship, to apply the electronic transaction system requires to provide the required infrastructure, "pointing out that" the legislative legal structure that regulates banking in all its details.

    The Governor of the Central Bank, said that "the Central Bank conducted a comprehensive audit of banking laws and regulations in force and an initial drafting of the required legislation in this field, online payment system and controls issued jointly by infrastructure for retail payment system", stating that 

    "$20 trillion dinars are handled per month under this system is fast and accurate and supports national economy, away from a lot of problems."

    Promised relationship, that "retail payment system is awesome and very sophisticated and helps the Bank to follow all these processes and prevent violations and abuses, and is updated until the end of 2015 and is not in any trouble," pointing out that 

    "the Central Bank is currently working with the World Bank to review and assess national payment system, where three data sites were formed across Iraq, as well as one location outside Iraq to recover from."

    Central Bank Governor went on, saying that "Iraq needs a comprehensive banking systems followed by banks to manage the system from achieving its objectives," revealing "lack of State banks for such electronic system although it has hundreds of branches.

    "The relations gave banks until next September, adapted within this electronic system," straight to the "Central Bank the regulatory side is through the issuance of credit cards and electronic controls there are a lot of companies that presented their offers to work on the processing of these cards because the Central Bank owns national PBX that regulates these processes, is an incubator for electronic banking.

    The Mayor continued, "the Bank put a solid plan will start at the beginning of 2017 to organize such operations," expressing regret "due to the low percentage of beneficiaries and users in Iraq who do not exceed ten percent and eight percent of those who have very limited operations such as receiving compensation only, and that only two percent of Iraqis are using smart cards.

    The relationship, expressed his belief that "the trends will help expand financial inclusion through more citizens to these systems and thus benefit from the money supply in the hands of people that reach 77 percent out of the system, as well as get rid of cash circulation problems."

    The Central Bank Governor was an agency, select on (July 30, 2016), 2017 next, launch date for electronic currency through electronic dinar or e-cards, returned to that will facilitate communication between State agencies.



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