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Parliamentary Finance: Electronic payment achieved 7 gains and prevented the smuggling of funds out of Iraq
economy Yesterday, 21:46
Baghdad - IA - Nassar Al-Hajj
Today, Monday, the Parliamentary Finance Committee confirmed the achievement of 7 major gains after electronic payment came into effect, and
while it indicated its adoption to prevent the smuggling and laundering of money outside Iraq, it recommended its generalization in all financial transactions.
Committee member Mustafa Al-Karaawi told the Iraqi News Agency (INA):
“There are many gains achieved from introducing the electronic payment experience into effect, including
reducing circulation in paper currency and thus
reducing the costs resulting from printing banknotes and replacing damaged ones, as well as
supporting balances in private bank accounts.” And government investments, as well as
investment in supporting the private and commercial sectors and loans, as well as
controlling funds more broadly and
preventing their smuggling and laundering outside Iraq.” He added,
"This also led to controlling the cash supply and not having it in people's homes, but rather in banks, in order to invest and circulate it in the economic process,"
proposing, "generalizing electronic payment in all financial transactions in Iraq."
Al-Karawi suggested encouraging more citizens to use electronic payment by offering incentives and discounts to everyone who uses electronic payment so that there is a real shift and a desire among citizens to go to it and thus achieve the public interest.
https://www.ina.iq/216566--7-.html
economy Yesterday, 21:46
Baghdad - IA - Nassar Al-Hajj
Today, Monday, the Parliamentary Finance Committee confirmed the achievement of 7 major gains after electronic payment came into effect, and
while it indicated its adoption to prevent the smuggling and laundering of money outside Iraq, it recommended its generalization in all financial transactions.
Committee member Mustafa Al-Karaawi told the Iraqi News Agency (INA):
“There are many gains achieved from introducing the electronic payment experience into effect, including
reducing circulation in paper currency and thus
reducing the costs resulting from printing banknotes and replacing damaged ones, as well as
supporting balances in private bank accounts.” And government investments, as well as
investment in supporting the private and commercial sectors and loans, as well as
controlling funds more broadly and
preventing their smuggling and laundering outside Iraq.” He added,
"This also led to controlling the cash supply and not having it in people's homes, but rather in banks, in order to invest and circulate it in the economic process,"
proposing, "generalizing electronic payment in all financial transactions in Iraq."
Al-Karawi suggested encouraging more citizens to use electronic payment by offering incentives and discounts to everyone who uses electronic payment so that there is a real shift and a desire among citizens to go to it and thus achieve the public interest.
https://www.ina.iq/216566--7-.html
