Baghdad – IA
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, confirmed today, Monday, that the Central Bank has taken steps to enhance the use of electronic payment.
The bank’s media office said in a statement, received by the (INA): “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received the Ambassador of the Federal Republic of Germany to Iraq, Christiane Homann, and during the meeting they discussed banking relations, strengthening the financial inclusion plan in Iraq, and the importance of digital transformation, as well as “We are providing full support to Al-Riyadah Bank for financing small projects, which will launch its services soon.”
He added, “During the meeting, the plan to reform the government and private banking sectors was reviewed, with direct support from the Prime Minister, to achieve a stable, safe, and efficient sector.”
Al-Alaq stressed, according to the statement, that “there is a great desire by citizens to use electronic cards, which enhances electronic payment in Iraq, as the Central Bank of Iraq has taken many steps in this direction in coordination with the concerned authorities.”
He explained that “Riyadah Bank will provide its services to an important segment of customers, as it aims to provide support to emerging small and medium enterprises, as it will be a different bank from other banks through its non-traditional products that will contribute to creating job opportunities for multiple social categories of society, and open new horizons in an investment environment.” Stable,” pointing out that “there will be representative offices in most Iraqi banks to facilitate customers’ access to it and benefit from its services.”
For her part, the German Ambassador expressed her country’s “readiness to provide consultation and technical support for such important projects that support the common goal of diversifying the Iraqi economy.”