Central Bank: the system of monthly payments over 18 trillion dinars

Central Bank: the system of monthly payments over 18 trillion dinars

On: Saturday 06/30/2012 3:38

 Baghdad / follow-term
central bank said that the system of monthly payments in the country over 18 trillion dinars, indicating that the system reduced the transfers of cash manually.
and Iraq has begun running the payments system since 2006 with the help of U.S. Treasury Under the system trading exchange financial between Iraqi banks under the supervision of the Central Bank. Deputy Governor of the Bank according to the appearance of Mohammed (Rn)

“The payments system in Iraq over 18 trillion dinars a month and this has reduced to a large extent the transfer of liquidity manually based on the principle of transfer between banks, according to the payments system.”
Saleh added: that the payments system of systems developed in the banking business, even if can not run it to create a state of non- the ability to save money right time. ”
at the same time the central bank announced that the countdown to the implementation of the project to delete the zeros did not start yet, there is no unified vision on it.
Saleh said in a statement received the long version of it that he has approached the Council of Ministers on raising patient as the implementation of project, which will be deleted 3 ranking calculation from the accounts of the Republic of Iraq, and did not takes us back anything yet, “hoping that” comes replies approval. ”
Saleh added that “the meeting, Finance Committee representative a few days ago was a recall and re-ask and discuss questions and queries on a project for the deletion of zeros , “noting that” the central bank ended its preparations to implement the project after the approval of parliament and the government on it. ”
It is noteworthy that the central bank had announced earlier that the project to delete the zeros represents the process of reforming the system of cash management, and the transition from big numbers to the figures, the smallest the same value of the coin, without affecting the business dealings, because the currency exchange will be an occasion for people to get used to the new currency trading.
to that Committee discussed the economy, the Central Bank of the parliamentary plan for the year 2012. A statement issued by the Committee of Economy and Investment held a meeting chaired by MP Ahmed al-Alwani, discussed the minutes of the meeting held by the Finance Committee with the Iraqi Central Bank and the Committee’s report on the productivity of private banks in Iraq and in search of an applied for banks and plan the Central Bank for the year 2012.
The statement added that The Committee also discussed the draft law on the third amendment to the law of the Central Agency for Standardization and Quality Control No. 54 of 1979 and the draft law on ratification of the Convention on Economic and Technical Cooperation between the Government of the Republic of Iraq and the Government of the Republic of China (PRC) for the purpose of raising them to the Presidency of the Council of Representatives to read them a second reading.
Source: almadapaper