Banks and the Central Bank of Iraq: We face challenges in electronic collection

by times news cr

2024-02-22T10:38:37+00:00

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/ The Iraqi Private Banks Association, under the auspices of the Central Bank of Iraq, held a workshop on Thursday to enhance electronic government collection.

Director of the Operations and Settlements Department at the Central Bank, Zaid Hamid, told Agency, “Government collection is very important, and the decisions of the Council of Ministers and the direct follow-up of the Prime Minister will contribute to the transformation of society from relying on cash to electronic transactions.”

He pointed out that “the Central Bank provided the necessary infrastructure and systems for the success of the electronic payment process,” explaining that “the percentage began to gradually increase through the spread of electronic culture in society.”

For his part, the Deputy Executive Director of the Iraqi Private Banks Association, Ahmed Al-Hashemi, told Agency, “The workshop informed all government institutions on how to activate the electronic collection project, the challenges facing departments in the transformation process, and finding quick solutions regarding this matter.”

He pointed out that “the issue of collection has been initiated in a number of ministries and state departments, including the Interior, Oil, Passports, and fuel stations, and this program can be implemented in all state institutions.”

Al-Hashemi continued, “The government departments are committed to the directives of Prime Minister Mohammed Shia Al-Sudani to activate electronic payment tools related to government collection,” adding, “We have some challenges that we face in the process of transitioning to electronic payment.”

The Deputy Executive Director of the Iraqi Private Banks Association stressed the “keenness to implement the electronic collection program in a correct manner to preserve the state’s funds,” noting that “this project preserves funds.”

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