The Iraqi Central Bank: A number of ministries have started entering the electronic payment project
The Central Bank of Iraq confirmed, on Saturday, that great efforts have been made to accelerate the use and circulation of electronic payment.
The Deputy Governor of the Central Bank, Ammar Khalaf, said in a press statement, followed by “Al-Mutalaa”, that “there are great efforts by the Central Bank, in cooperation with banks and electronic payment companies, to accelerate the use of electronic payment tools in the Iraqi economy.”
Khalaf added, “There are ministries that have started, now and gradually, to enter into the electronic payment project,” noting that “the project needs systems before launching the electronic collection or collection process, and there is a need for proactive arrangements of electronic systems and infrastructure.”
He pointed out that “there are a lot of contracts made by collection institutions, especially governmental ones, to adopt electronic payment in financial transactions,” adding, “We believe that by the end of this year, there will be a noticeable change and increase in the number of payment devices and the willingness of citizens to use them. We also have Instructions that guarantee the rights and obligations of all parties involved in the matter of electronic payment.
On the first of June, the electronic payment process was launched in government institutions and the private sector. link
Before the OPEC meeting.. Iraq meets with three countries in Vienna
Saudi Energy Minister Prince Abdulaziz bin Salman met in Vienna with his counterparts from the UAE, Kuwait and Iraq, prior to the meeting of the Organization of Petroleum Exporting Countries (OPEC).
A Tass correspondent stated that the Saudi minister is staying at the Park Hyatt Hotel in the Austrian capital.
UAE Energy Minister Suhail Al Mazrouei, Iraqi Oil Minister Hayan Abdul Ghani, Kuwaiti Oil Minister Badr Al Mulla and Algerian Energy Minister Mohamed Arkab arrived there this morning, ahead of the OPEC meeting scheduled for 13:00 Moscow time.
The OPEC meeting that takes place every six months has not started yet. It was postponed pending the Saudi and Emirati energy ministers. As for the rest of the ministers of the member states of the Organization, they arrived at the OPEC Secretariat building.
This meeting takes place on the eve of the OPEC+ ministerial meeting, which will also be held in the personal presence of ministers in Vienna.
A source in one of the delegations told the “Tass” correspondent that OPEC + countries are studying various options for action on oil production standards at the June 4 meeting, including production cuts. link
Source: Dinar Recaps
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