Central Bank of «Economy News»: the localization of salaries will include the private sector after the completion of public sector employees

Central Bank of «Economy News»: the localization of salaries will include the private sector after the completion of public sector employees



Director of Payments Department at the Central Bank, Souha Abdel-Karim «Economy News»

20/11/2017

Economy News Baghdad:

The Central Bank announced that the localization of salaries will include the private sector after the completion of the public sector, indicating that the project of the resettlement of salaries will have a significant impact on Iraqi banks through stimulating and improving techniques and modern services.

"The Central Bank of Iraq is leading the transition from a monetary society to a non-monetary society through the use of modern electronic payment tools," said the director of the payments department at the Central Bank, "Economic News", indicating that "the first project to achieve the transition to A non-monetary society is a salary settlement project that we have completed infrastructure. "

She added that "the project to settle salaries aims to bring deposits and the dissemination of banking culture within the community," pointing out that "the project of localization of salaries will have a significant impact on Iraqi banks through stimulating and improving techniques and modern services."

She pointed out that "we have a plan to absorb all the ministries and then the expansion of the private sector," adding that "dealing with the cash caused great losses to the Iraqi economy, both visible and invisible."

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