"ANALYSIS OF IRAQ NEWS" BY FRANK26, 10 JAN

 Frank26:   "MONETARY REFORM GIVES 7 FEATURES OF SECURITY & STABILITY FOR THE FINANCIAL STRUCTURE.".............F26

The most important of which is security... Al-Rafidain lists seven advantages of electronic payment

1/1/2024

Today, Monday, Rafidain Bank indicated 7 features of the electronic payment system in Iraq.

The bank stated, in a statement received by Al-Mutala’, that: “Electronic payment consists of

1- Switching from dealing in manual cash to electronic cash.

2- Moving from a cash society to a cashless society and leaving cash payment to electronic card payment.

3- Collecting and collecting funds electronically.

4- Using POS devices in financial and commercial transactions.

5- Proceeding with plans for financial inclusion and digitization in banking transactions.

6- Establishing a culture of bank financial accounts instead of using direct cash.

7- Adopting an electronic card is safer than carrying cash and moving around in markets and other places.   LINK