A statement on urging the banking sector to use modern financial technologies in banking transactions
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A statement on urging the banking sector to use modern financial technologies in banking transactions
by claud39 Sat Aug 22, 2020 11:41 am
A statement on urging the banking sector to use modern financial technologies in banking transactions
August 18, 2020
The Central Bank of Iraq calls on all citizens to deal with banks and licensed financial intermediation companies, during large cash exchanges, instead of hoarding in homes.
The central bank seeks, through this, to preserve the money supply of citizens, avoid cases of theft and fraud, and promote counterfeit currencies.
The bank stresses the need to reduce trade exchange in paper currencies, which medical studies have proven to be an effective vector for viruses and bacteria, especially as the country is going through a crisis of the spread of Corona virus.
The Central Bank adopts the mechanisms of spreading financial inclusion in Iraq, which enhances the banking culture and the shift to monetary exchange through banking in all its advanced civilized forms.
The Central Bank of Iraq
information Office
2020/8/18
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