Banks and the Iraqi Central Bank: We face challenges in electronic collection, 23 feb

 Banks and the Iraqi Central Bank: We face challenges in electronic collection

Shafaq News/ The Iraqi Private Banks Association, under the auspices of the Central Bank of Iraq, held a workshop on Thursday to enhance electronic government collection.

Director of the Operations and Settlements Department at the Central Bank, Zaid Hamid, told Shafaq News Agency, “Government collection is very important, and the decisions of the Council of Ministers and the direct follow-up of the Prime Minister will contribute to society’s shift from relying on cash to electronic dealing.”

He pointed out that “the Central Bank provided the infrastructure and systems necessary for the success of the electronic payment process,” explaining that “the percentage began to rise gradually through the spread of electronic culture in society.”

For his part, Deputy Executive Director of the Iraqi Private Banks Association, Ahmed Al-Hashemi, told Shafaq News Agency, “The workshop briefed all government institutions on how to activate the electronic collection project, the challenges that departments face in the transformation process, and finding quick solutions regarding this matter.”

He pointed out, “Initiating the issue of collection in a number of ministries and state departments, including the Interior, Oil, Passports, and Gas Stations, and this program can be implemented in all state institutions.”

Al-Hashemi continued, “The state departments are committed to the directives of Prime Minister Muhammad Shiaa Al-Sudani to activate electronic payment tools for government collection,” adding, “We have some challenges that we face in the process of transitioning to electronic payment.”

The Deputy Executive Director of the Iraqi Private Banks Association stressed, “Ensuring the implementation of the electronic collection program in a correct manner to preserve the state’s funds,” noting that “this project preserves funds.”

shafaq.com