Central: We aim to complete all financial transactions electronically

09/1/2018 12:00 am


After the completion of the infrastructure of payment system retail
Baghdad / Hussein Thagb
The Central Bank of Iraq for the coming period to make all financial transactions through the banking system and electronic systems developed by the Central Bank in the field of payments, which contribute to make the monetary massan active player in the process of sustainable development
Director General of Payments Department at the Central Bank of Iraq, said: "The central bank's goal for the next phase is to complete all financial operations in the country for the public and private sectors through the banking sector." She pointed out that "these operations are not through the deployment of equipment allocated in All places or issuing special cards and are pulling money through, but the integration of electronic collaboration is when the transactions in the public and private sectors as a whole through electronic cards so that this step will be complementary to the process of localization of salaries and become financial operations are Abraljhaz banking. dealing Ba Cash and indicated that the introduction of the private sector owner of a major block of cash to electronic trading needs special products dealing with their trade and their needs for cash and be more flexible than dealing with cash, and here it requires brought into official channels for electronic transactions away from the complexity .opent Abdul Karim said " the coming of our plans aimed at making all private sector institutions in the localization of salaries, pointing out that this requires cooperation by public institutions such as taxes and the departments of the Ministry of Commerce. " infrastructure confirmed that" in the light of the development of the Iraqi payments system and the launching of the project localization of salaries and progress In addition to the increase in the number of bank accounts and the completion of retail payment infrastructure, which is one of the cornerstones of improving the working environment, the aim is to attract deposits and manage financial transfers by banks at all levels (personal and commercial) On the circulation of cash through the banking system and away from the cash circulation. "She drew Abdul Karim that" the opportunity for people of interest and crafts to register their entities of shops, shops, markets and workshops in the Registrar of companies or any competent authority under the condition of the number of damage Webby bank account is impossible counter if they are not accompanied to encourage and stimulate and facilitate the procedures of formal registration to prevent manipulation and corruption at the same time through cooperation between all sides , whether regulatory, security and municipal decisions to be all of these entities has a number / commercial registration and tax number and a bank account. " Electronic wallet director of a specialized companies weigh - Tamimi said: " The Partnership is working to provide e - wallet services through its network, and can co - pay bills, transfer money, buy electronic cards and more services," pointing out that the deposit operations and withdrawals made through thousands of centers "The citizen can register in the electronic wallet with high speed, so that he can register in the temporary portfolio by logging into a specific application, which is a link Live this wallet only sixty days. And can be registered in the permanent portfolio by going to the nearest authorized agent and provide the required documents the identity of civil status and housing card. " Culture of dealing with the main goal of the localization of salaries is to promote a culture of dealing with the banking system, and the salaries of employees guaranteed, because the banks that "The central bank is the guarantor of salaries of employees, and the currency will be under the control of the Iraqi government, which will block any terrorist operations or suspicious of the occurrence." "Unpaid salaries increase the cash flow of banks and may be used as development loans and thus the salaries of state employees will become a source of economic growth," he said.