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Related News: Iraq stepping Confidence towards digitization
8/9/2015 0:00
BAGHDAD
specialist said in the field of internet and software e-Ali known: that Iraq is now in the process of moving to administrative and financial digitization after activating part of the electronic system for the completion of transactions, the first step was preceded by instructions and procedures of the Council of Ministers called for the regulations developed instead from traditional methods, especially in the administrative and financial field.
He is known in an interview for »Sabah» that these measures will contribute to activating the work of the new payment system, especially after the invitation of the Central Bank all ministries and departments not associated with the Ministry to work with this system for the purpose of rapid completion of work instead of mechanisms old.
Iraqi payment systems and consists of 3 parts The overall settlement system in real time, and the system of clearing mechanism, the system of government securities registration. The central bank operates and manages the settlement of accounts between participants to ensure the safety and efficiency of payment systems and clearing operations. He said the concerned that the employment of advanced systems, which rely means of an electronic payment, will provide precision components and fast delivery as well as safety which is achieved in the money in this way transfer, explaining efficiency of the system as it was investigating the feasibility Pachtzalh time and effort to a larger proportion of what is currently in place.
Among the priorities of the government program interest in the economic sector and seek to repair the adoption of new mechanisms are relying on electronic systems, particularly in the banking sector, including granting greater freedom in the transmission of funds to Iraq and the implementation of development projects.
He pointed to the reversal that positively on the reality of the economy by investors to enable the completion of financial transactions away from red tape that complicates things and streamlines besides being in line with international banking standards and seek to strengthen confidence in the economy through the creation of a safe environment and banking system sound.
He said well-known that the activation of the payments system at the ministerial level will contribute a lot in the transition from totalitarian economy and access to a market economy After the reduction of routine operations of complex administrative procedures computerized information and automate settlement processes of checks and salaries and activate the automation of electronic card systems, to keep more cash in bank accounts.
The cabinet earlier in the special system of payment electronic funds services and called for mobile phone companies and companies wishing to open Conversion to facilitate the conversion process inside and outside Iraq points according to contexts and regulated by the Central Bank, which would give license to those companies.
He noted that the success of the electronic work in the economic sector depends on spreading awareness and a culture of dealing modern regimes between the public sector to reflect the success of the experiment through its implementation on the private and the public sector in general .
The government program first interest in the financial and banking sector, the need to computerize information and automate banking operations in banks, public and private sectors to ensure rapid access to loans destined to finance private sector projects in order to achieve economic development.
He is known the possibility of the success of the electronic software applications in the economic sector in general because the country has the ambition in that in addition to provide all the conditions for success, but he also said that mortgagee but also the existence of a genuine will to move from primitive roads to the computerization of money and information.
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8/9/2015 0:00
BAGHDAD
specialist said in the field of internet and software e-Ali known: that Iraq is now in the process of moving to administrative and financial digitization after activating part of the electronic system for the completion of transactions, the first step was preceded by instructions and procedures of the Council of Ministers called for the regulations developed instead from traditional methods, especially in the administrative and financial field.
He is known in an interview for »Sabah» that these measures will contribute to activating the work of the new payment system, especially after the invitation of the Central Bank all ministries and departments not associated with the Ministry to work with this system for the purpose of rapid completion of work instead of mechanisms old.
Iraqi payment systems and consists of 3 parts The overall settlement system in real time, and the system of clearing mechanism, the system of government securities registration. The central bank operates and manages the settlement of accounts between participants to ensure the safety and efficiency of payment systems and clearing operations. He said the concerned that the employment of advanced systems, which rely means of an electronic payment, will provide precision components and fast delivery as well as safety which is achieved in the money in this way transfer, explaining efficiency of the system as it was investigating the feasibility Pachtzalh time and effort to a larger proportion of what is currently in place.
Among the priorities of the government program interest in the economic sector and seek to repair the adoption of new mechanisms are relying on electronic systems, particularly in the banking sector, including granting greater freedom in the transmission of funds to Iraq and the implementation of development projects.
He pointed to the reversal that positively on the reality of the economy by investors to enable the completion of financial transactions away from red tape that complicates things and streamlines besides being in line with international banking standards and seek to strengthen confidence in the economy through the creation of a safe environment and banking system sound.
He said well-known that the activation of the payments system at the ministerial level will contribute a lot in the transition from totalitarian economy and access to a market economy After the reduction of routine operations of complex administrative procedures computerized information and automate settlement processes of checks and salaries and activate the automation of electronic card systems, to keep more cash in bank accounts.
The cabinet earlier in the special system of payment electronic funds services and called for mobile phone companies and companies wishing to open Conversion to facilitate the conversion process inside and outside Iraq points according to contexts and regulated by the Central Bank, which would give license to those companies.
He noted that the success of the electronic work in the economic sector depends on spreading awareness and a culture of dealing modern regimes between the public sector to reflect the success of the experiment through its implementation on the private and the public sector in general .
The government program first interest in the financial and banking sector, the need to computerize information and automate banking operations in banks, public and private sectors to ensure rapid access to loans destined to finance private sector projects in order to achieve economic development.
He is known the possibility of the success of the electronic software applications in the economic sector in general because the country has the ambition in that in addition to provide all the conditions for success, but he also said that mortgagee but also the existence of a genuine will to move from primitive roads to the computerization of money and information.
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