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Clare » January 1st, 2024
A government advisor announces the entry into force of the 2024 budget
1/1/2024
The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Monday, that the 2024 budget has entered into force.
Saleh said {to Al-Furat News} that: “The federal general budget issued pursuant to Law No. 13 of 2023 is a tripartite budget, that is, it was enacted for three years, and therefore the entry into the new fiscal year 2024 has been automatic from today.”
He explained, “This is based on the adoption of the federal general budget for the year 2024, and the 12/1 exchange rule does not currently exist in accordance with the amended Financial Management Law No. 6 of 2019 until the beginning of the year 2026 if the financial situation at that time requires its application.”
Saleh added, “This rule, i.e. disbursement 12/1, also depends on the timing of the 2026 budget legislation.”
From: Raghad Dahham LINK
The most important of which is security… Al-Rafidain lists seven advantages of electronic payment
1/1/2024
Today, Monday, Rafidain Bank indicated 7 features of the electronic payment system in Iraq.
The bank stated, in a statement received by Al-Mutala’, that: “Electronic payment consists of:
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1- Switching from dealing in manual cash to electronic cash.
2- Moving from a cash society to a cashless society and leaving cash payment to electronic card payment.
3- Collecting and collecting funds electronically.
4- Using POS devices in financial and commercial transactions.
5- Proceeding with plans for financial inclusion and digitization in banking transactions.
6- Establishing a culture of bank financial accounts instead of using direct cash.
7- Adopting an electronic card is safer than carrying cash and moving around in markets and other places. LINK
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Source: Dinar Recaps
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