Economic: The shift towards an electronic payment system provides the state with financial liquidity.
Economic: The shift towards an electronic payment system provides the state with financial liquidity.
12-5-2025
Information/Baghdad…
Economic researcher Diaa Abdul Karim found that shifting government transactions to an electronic system for paying fees and collecting taxes would provide the state with significant liquidity.
Abdul Karim told Al-Maalouma, “Iraq is still in the early stages of transitioning to electronic payment systems, while European countries and even neighboring countries have preceded Iraq by many years in this transition.”
He added, “There is a lack of acceptance of the electronic system, as the public is not accustomed to such systems, despite their considerable benefits. These include protecting citizens from financial theft and ensuring ease of purchase without the burden of carrying and protecting cash.” He
explained that “the primary goal of transitioning to an electronic payment system and generalizing this experience across various government departments is to guarantee the availability of cash for the state, in addition to ensuring that it does not bear additional burdens related to printing currency. Therefore, it is a good experiment, provided that it is properly educated about and accepted in Iraq.”
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