Nahrain University holds a scientific symposium on the role of the Central Bank in the settlement of salaries

Nahrain University holds a scientific symposium on the role of the Central Bank in the settlement of salaries



03/20/2018

Economy News _ Baghdad

On Tuesday, the University of Nahrain held a scientific symposium entitled "Role of the Central Bank of Iraq in the settlement of salaries", in the presence of the Director of Payments Department in the Central Bank, Subhi Abdul Karim, the financial and economic adviser to the Association of Iraqi Private Banks Samir Nusairi and a number of professors and specialists in economic affairs.

The financial adviser of the Association of Iraqi Private Banks Samir Nusairi, during the seminar, which was attended by "Economy News", that the process of settling salaries is to enhance financial inclusion, which is a key objective in the strategy of the Central Bank for the years 2016-2020, noting that this project in fact to increase the prevalence In the next three years to about 30%, which means increasing the number of bank accounts by a large percentage.

He added that "the achievement of financial inclusion is linked to the strengthening of confidence in the Iraqi banking sector and attract home-based deposits, which exceed 77% of the total market cash volume of 48 trillion dinars, in addition to the creation of modern banking products that enhance customer confidence in the banking sector."

For her part, the Director of Payments Department at the Central Bank, Subhi Abdul Karim, said that the Central Bank to develop a strategy on the subject of settling salaries to shift to electronic payment through the settlement of salaries of employees to be an effective tool in the transfer of e-culture culture of the community, indicating that the project will follow other projects aimed at Conversion of houses to banks to build reliable financial institutions in the next stage of investment.

"The central bank, in cooperation with government and private banks, will hold a week of financial coverage in the last week of April to introduce citizens to the importance of financial inclusion and to encourage participants to provide modern banking services to all segments of society."

http://economy-news.net/content.php?id=11646