Securities Commission: Accepting Cash Payments Exclusively Through Electronic Payment Methods
Money and business Economy News _ Baghdad The Iraqi Securities Commission announced today, Monday, that cash payments are accepted through electronic payment methods, while revealing a trend to list electronic payment companies on the stock market.
The head of the authority, Faisal Al-Haims, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the authority represents supervisory bodies for the Iraqi securities market, and since the beginning of the Prime Minister’s directive to take steps to automate electronic payment and ongoing operations in the market in general, the authority has been working on Forming a working group to support this file.”
Al-Haims added, “The Authority has now stopped accepting cash payments except through electronic payment methods as revenues from the Securities Authority.”
He pointed out that "the market is currently heading to use this mechanism through intermediaries working in the Iraq Stock Exchange," noting that "electronic payment companies are not traded in the Iraq Stock Exchange, but there are companies in various other sectors, including banks, present in trading in the Iraq Stock Exchange." ".
He stressed that "there is a trend to list electronic payment companies on the Iraqi Stock Exchange during the current year." Views 101 02/12/2024 - https://economy-news.net/content.php?id=40379
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