THE GOVERNOR OF THE CENTRAL BANK ANNOUNCES THE IMMINENT TRANSITION TO THE “DIGITAL BANK”

by **claud39** Tue Jun 29, 2021 6:06 pm

[size=38]THE GOVERNOR OF THE CENTRAL BANK ANNOUNCES THE IMMINENT TRANSITION TO THE “DIGITAL BANK”[/size]

Tuesday, June 29, 2021

THE GOVERNOR OF THE CENTRAL BANK ANNOUNCES THE IMMINENT TRANSITION TO THE “DIGITAL BANK” IMG_20210526_100900_865

Tuesday, June 29, 2021 9:04 PM

Baghdad / National News Center

Today, Tuesday, the Governor of the Central Bank announced the imminent transition to the “Digital Bank”.

The Media Department of the House of Representatives stated, in a statement received by the “National News Center”, that “the committee to monitor the implementation of the government program, headed by Representative Hazem Al-Khalidi, the head of the committee, and in the presence of its members, hosted the Governor of the Central Bank, Mustafa Ghaleb, and a number of government bank managers to discuss what has been accomplished from the ministerial curriculum, and a meeting was held In the constitutional hall of the House of Representatives, in the presence of a number of members of various parliamentary committees, as well as the Minister of State for Parliament Affairs, Hiyam Al-Haidari.

The committee indicated, according to the statement, that it “held several meetings to evaluate the work of the government and submitted in a previous period a detailed report to the House of Representatives, in which it touched on the percentages of achievement and areas of failure,” pointing out that “the government has not yet presented its government program, which led to a lack of coordination between institutions. different country.”

The statement continued, “The committee raised a number of questions regarding a number of related issues that fall within the work of the Central Bank, the most prominent of which are the negative effects of the decision to raise the exchange rate, as well as the absence of the reasons and justifications mentioned for this, especially with the increase in bank sales through the currency sale window and the possibility of filling the deficit after the increase in The price of oil is in addition to the lack of necessary conditions to preserve the local product, and there are many exceptions to this, and a clear delay for a project made in Iraq.”

The statement said, "The stages of completion of the ministerial curriculum, the application of mechanization, and the measures taken by the central bank and government banks regarding administrative reform were also discussed."

The statement continued, "The committee discussed the foundations adopted by the Central Bank in classifying banks, closing banks in violation of the law, and the consequences of raising the exchange rate on the poor and middle class," stressing "the need for coordination between the government and the Central Bank to start drafting a bill for the bank."

With regard to supporting housing projects and granting loans, the committee noted the "low percentage of completion in this area."

In answering the committee's inquiries, the Central Bank Governor praised "the effective role of the committee by exercising its oversight role and striving to diagnose weaknesses and work to fix them."

The governor of the bank added that “all government banks are administratively affiliated to the Ministry of Finance and he has no choice in managing these banks,” noting that “the government is addressed regarding the central bank’s role in choosing to manage government banks as well as eligibility.”

And the Governor of the Central Bank, that “the banking sector in Iraq went through two important turns in 2012 and the other in 2019 led to a rise in the granting of licenses to banking companies and banks,” noting that “the bank demanded from the government to automate border crossings to control the imports of the ports, whose imports are considered to come after oil. in terms of importance.”

In the same context, the Governor of the Central Bank indicated “the imminent creation of an electronic collection system, which the bank has been working on since 2019, in addition to working on the digital identity that organizes the opening of an account for citizens from their homes and the transition from paperwork to the (Digital Bank) system.”

For their part, the bank managers provided, according to the statement, “an explanation of the questions and inquiries raised by the deputies about the banking system, stressing that there are problems facing a number of banks and the need for actual reforms.”

https://nnciraq.com/72768/?fbclid=IwAR0_hQ2RqwObOvHgqWr4AfsnAtX11ygGz_7OxPtFKlh_XrKBOUpWnMXV5_o

by **claud39** Wed Jun 30, 2021 10:26 am

The Iraqi Central announces the imminent launch of an identity that organizes the opening of bank accounts for citizens from their homes

June 30, 2021

THE GOVERNOR OF THE CENTRAL BANK ANNOUNCES THE IMMINENT TRANSITION TO THE “DIGITAL BANK” 1024

Mubasher: The Governor of the Central Bank of Iraq, Mustafa Ghaleb, announced today, Tuesday, the imminent launch of an identity that organizes the opening of an account for citizens from their homes, while referring to the creation of the electronic collection system that the bank has been working on since 2019.

The media department of the House of Representatives said in its statement today, Wednesday, that "the committee to monitor the implementation of the government program held several meetings to evaluate the government's work and presented, in a previous period, a detailed report to the House of Representatives, in which it touched on the percentages of achievement and areas of failure."

She pointed out that "the government has not yet presented its government program, which has led to a lack of coordination between the various state institutions.

According to the statement, the committee submitted a number of questions regarding a number of related issues that fall within the work of the Central Bank, most notably the negative effects of the decision to raise the exchange rate, as well as the absence of the reasons and justifications mentioned for this, especially with the increase in bank sales through the currency sale window and the possibility of filling the deficit after the increase in the oil price In addition to the lack of the necessary conditions to preserve the local product, the many exceptions to this, and the clear delay of the Made in Iraq project,

The stages of completion of the ministerial curriculum and the application of mechanization were also discussed, in addition to the measures taken by the Central Bank and government banks regarding administrative reform.

The committee discussed the foundations adopted by the Central Bank in classifying banks, closing banks in violation of the law, and the consequences of raising the exchange rate on the poor and middle class, stressing the need for coordination between the government and the Central Bank to begin drafting a draft law for the bank.

With regard to supporting housing projects and granting loans, the committee noted the low percentage of completion in this field.

https://www.mubasher.info/news/3825362/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D9%82%D8%B1%D8%A8-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D9%87%D9%88%D9%8A%D8%A9-%D8%AA%D9%86%D8%B8%D9%85-%D9%81%D8%AA%D8%AD-%D8%AD%D8%B3%D8%A7%D8%A8%D8%A7%D8%AA-%D8%A8%D9%86%D9%83%D9%8A%D8%A9-%D9%84%D9%84%D9%85%D9%88%D8%A7%D8%B7%D9%86%D9%8A%D9%86-%D9%85%D9%86-%D9%85%D9%86%D8%A7%D8%B2%D9%84%D9%87%D9%85/