New Electronic Banking Service launched in Iraq
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
New Electronic Banking Service launched in Iraq
New Electronic Banking Service launched in Iraq
10th February 2021

10th February 2021

By John Lee.
The Central Bank of Iraq (CBI) has announced the launch of its "digital enrollment service", which it says is the first of its kind in Iraq and the region.
According to a statement from the CBI:
"Digital enrollment is an integrated digital financial system that enhances financial independence and liberation from traditional financial systems, as it works to transform Iraq into a country less dependent on cash, which enables the state to fight corruption, evasion and bureaucracy in financial dealings within banks operating in Iraq.
"This service is considered a modern and different trend due to its many advantages, including conducting financial operations in a modern digital electronic form, which reduces time and geographical distances and raises the traditional barriers in the Iraqi banking sector. "
Rudaw reports that First Iraqi Bank, established six months ago by Iraqi entrepreneur Kawa Rekani, is the sole bank to get permission to operate such a service, allowing customers to perform financial transactions online or through their mobile device with ease rather than through cash payments.
(Sources: Central Bank of Iraq, Rudaw)
https://www.iraq-businessnews.com/2021/02/10/new-electronic-banking-service-launched-in-iraq/?fbclid=IwAR3I2T65jLPh4XgLJRrLwQMzGM05h00WRkNAuxpNQNaw-VQprM8GyDXpiJA
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04
The central bank meets with workers in the profession of auditing and auditing
The central bank meets with workers in the profession of auditing and auditing
February 11, 2021

On 10/2/2021, the Central Bank of Iraq organized a meeting with the gentlemen of the Board of Auditing and Auditing Profession, the Accountants and Auditors Syndicate, the Iraqi Association of Certified Public Accountants, and a number of account auditors and auditing companies to study mechanisms and ways to improve the financial statements of banks and the role of account auditors in this regard. The meeting was attended by the head and members of the audit committee in the central bank, the general directors of the accounting departments, banking control, investments, internal auditing and financial operations, in addition to a number of experts in the Central Bank of Iraq.The meeting discussed the importance of enhancing disclosure in the financial statements issued by the auditor after being prepared by the banks' administrations. The meeting ended with a set of recommendations that we hope will be achieved upon the issuance of the financial statements for the fiscal year / 2020, which are hoped to contribute to improving the quality of banks' financial statements within the framework of applying international standards in auditing, control, transparency and risk management.
Central Bank of Iraq
https://cbi.iq/news/view/1655
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04
The Digital Media Center calls for popularizing the online payment experience in Iraq
The Digital Media Center calls for popularizing the online payment experience in Iraq
2021-02-12

Shafaq News / The Digital Media Center stressed, on Friday, the need to spread the electronic payment experience in Iraq to allow citizens to make purchases safely and quickly, as well as limit the transmission of the Corona virus through paper currencies, as well as the benefits for Iraqi banks.
The center praised in a statement received by Shafaq News; With the presence of many points of sale in the malls that have supported the electronic payment feature through electronic payment cards, calling for support for more payment applications such as Apple Pay and electronic payment services provided by telecommunications companies operating in Iraq.
The center pointed out that circulating the electronic payment experience encourages citizens to settle their salaries in banks and spend what they need only through the electronic payment mechanism, thus providing financial liquidity to banks that support electronic payment systems.
The center pointed to the importance of activating electronic payment systems in reducing corruption and eliminating informal economic activities, and consequently the entry of individuals within the licensed systems operating in the country, as well as its importance in raising investment rates in the country, increasing production and providing more job opportunities.
The center emphasized that electronic payment systems in Iraq still need more support and legalization and reduce the chaos of benefits imposed on individuals, which may reach many times what is imposed in neighboring countries, and banks should be obligated to increase the number of ATMs and payment devices in a manner commensurate with the population density.
https://shafaq.com/ar/%D9%83%D9%84-%D8%A7%D9%84%D8%A7%D8%AE%D8%A8%D8%A7%D8%B1/%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84-%D8%B9%D9%84%D8%A7%D9%85-%D8%A7%D9%84%D8%B1%D9%82%D9%85%D9%8A-%D9%8A%D8%AF%D8%B9%D9%88-%D9%84%D8%AA%D8%B9%D9%85%D9%8A%D9%85-%D8%AA%D8%AC%D8%B1%D8%A8%D8%A9-%D8%A7%D9%84%D8%AF%D9%81%D8%B9-%D8%A7%D9%84-%D9%84%D9%83%D8%AA%D8%B1%D9%88%D9%86%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04

» Iraq's Banking is calling for the adoption of electronic banking services
» Electronic commerce flourish in Iraq despite the failure of the banking sector
» IRAQ FINANCE EXPO 22, 23, 24 JUNE 2020
» Association of Banks concludes a course in banking service strategies and development of customer service management skills
» A training course entitled (Banking Service Strategies and Customer Service Management Skills Development) for the period from 15-2019 to 7/18
» Electronic commerce flourish in Iraq despite the failure of the banking sector
» IRAQ FINANCE EXPO 22, 23, 24 JUNE 2020
» Association of Banks concludes a course in banking service strategies and development of customer service management skills
» A training course entitled (Banking Service Strategies and Customer Service Management Skills Development) for the period from 15-2019 to 7/18
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» 74.2 million people in the USA have not had a single dose of a Covid-19 Vaccine, & another 157 million have refused a 2nd or 3rd dose according to CDC
» Unprecedented Mortality Rates – must be Climate Change!!
» Thailand giving away one million cannabis plants to encourage citizens to grow natural medicine
» America is being suicided by John Kaminski
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad