The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed on Friday, the existence of great interest and interaction by Prime Minister Mohammed Shiaa Al-Sudani, to urge state institutions to pay electronic payment, while he pointed out that the volume of funds collected from state institutions indicates the success of the electronic collection project.
“We stand on an important station at the national level, which is electronic payment,” Al-Alaq said, noting that “the subject is related to economic, regulatory, regulatory and revital aspects in investing resources or funds instead of being outside the banking and financial system.”
He pointed out that “e-lectronic colley is an important pillar in activating electronic payment because institutions have the presence, multiple services, fees, wages and many services that can save costs, organize and control through electronic payment methods for which the Central Bank provides the infrastructure and makes them workable.”
He added that “there is an effort at the national level that requires concerted efforts of all institutions, and there is great care, attention and interaction from the Prime Minister, who is following up with the Central Bank and the concerned authorities to urge ministries and state institutions to interact with this great project.”
He stressed that “the figures mentioned in the use of electronic payment indicate that the launch was very successful, and reflect that the subject is moving in the right direction by including all state institutions concerned with the electronic payment application.”
He explained that “the figures reflected all state institutions and provided electronic levies, and the size of the funds indicates success,” expressing his hope that “the circle of application will expand to include all private sectors.”
He pointed out that “there is a great response from the private and public concerned economic unions and bodies to proceed with this large national project and its multiple episodes,” stressing that “the central bank is working at multiple levels in order to reach important leaps.”
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