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FRANK26: "THE CBI PREPARES FOR THE MONETARY REFORM & THE FLOAT".........F26
The Central Bank sponsors a meeting to establish a national company to manage electronic payment systems in Iraq
August 14, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first preparatory meeting to establish a national company to manage central electronic payment systems in Iraq, with the participation of a number of bank officials, bank managers, electronic payment service providers, and the Iraqi Private Banks Association.
During the meeting, the importance of regulating electronic payment operations, keeping pace with rapid technological developments, and creating competitive payments that provide secure, reliable, easy-to-access, and widely interoperable payment services, as well as rapid response and high flexibility to technical and regulatory changes, were discussed.
The meeting reviewed the company's main objectives and the special requirements for starting the establishment, as it will undertake the tasks of managing, operating, and developing some of the central and basic electronic payment systems at the national level.
This step came in line with the strategic plan of this bank, which goes hand in hand with the government program in the field of electronic payment and its development in Iraq.
During the meeting, the importance of regulating electronic payment operations, keeping pace with rapid technological developments, and creating competitive payments that provide secure, reliable, easy-to-access, and widely interoperable payment services, as well as rapid response and high flexibility to technical and regulatory changes, were discussed.
The meeting reviewed the company's main objectives and the special requirements for starting the establishment, as it will undertake the tasks of managing, operating, and developing some of the central and basic electronic payment systems at the national level.
This step came in line with the strategic plan of this bank, which goes hand in hand with the government program in the field of electronic payment and its development in Iraq.
Central Bank of Iraq
Media Office
August 14, 2024
Media Office
August 14, 2024
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