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CBI News 11/23/2017


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 November 23, 2017
Department of Payments activity

 

Payments Department Activity for October 2017

  • Retail Payment System IRPSI : The Islamic Bank (Iraqi Islamic Bank) was officially launched with the National Retail Payment System after completing the administrative, technical and organizational procedures and completing the linking procedures.
  • • Automating the work of ministries and government institutions (activating electronic payment tools): Establishing workshops (General Authority for Customs and General Authority for Taxation) regarding the activation of electronic payment tools and collection to familiarize them with the system and mechanisms used for electronic collection. It was agreed to start at one of the ports of the General Authority of Customs using electronic payment orders ( CT ) to evaluate the experience and know the problems and obstacles to avoid them when circulating on the other customs outlets.
  •  The project of localization of salaries of state employees: In implementation of the directives of the General Secretariat of the Council of Ministers under resolution (313) for the year 2016 and after the success of the process of settling the salaries of employees of the Central Bank of Iraq was circulated to the rest of the ministries and government institutions and all their formations, and the salaries of employees of the oil pipeline company and the Financial Control Bureau Work is under way to settle the rest of the ministries and state institutions.
  • Completion of connectivity with the comprehensive banking systems:  Abu Dhabi Bank has been linked to both RTGS and C-ACH systems .

 

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Economy News Baghdad:

The Iraqi Central Bank announced on Thursday that the Ministries of Electricity and Oil succeeded in settling the salaries of their employees in a number of government and private banks.

The Director of the Information Office of the Central Bank of Iraq, Acer Jabbar in a press statement received by "Economy News", "In implementation of the directives of the Secretariat of the Council of Ministers under Resolutions (313) for the year 2016 and resolution (281) 2017 After the success of the process of settling the salaries of staff of the Central Bank of Iraq and after circulation The project on the rest of the ministries and government institutions and all their configurations, succeeded the first two ministries after the Central Bank of Iraq, namely electricity and oil to settle the salaries of their employees with the participation of a number of government and private banks.

He added that "the salary of the month of November, the current center of the Ministry of Electricity and Oil Pipeline Company affiliated to the Ministry of Oil, was received through the electronic card through the participation of a number of government and private banks."

He pointed out that "the selection of these banks was through the same employee after reviewing and briefed on the offers from those banks, and is expected to witness the month of December addition of other ministries to the project to settle salaries."

 

Views 522   Date Added 23/11/2017

 
 
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Thursday, November 23,

 

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Alsumaria News / Baghdad 
The Central Bank of Iraq announced on Thursday the implementation of the project to settle salaries for the first two ministries in Iraq , indicating that the selection of these banks was through the same employee after reviewing and inform him of the offers submitted by them. 

The bank said in a statement received, Alsumaria News, a copy of it, "In implementation of the directives of the Secretariat of the Council of Ministers and after the success of the process of settling the salaries of employees of the Central Bank of Iraq and after the circulation of the project to the rest of the ministries and government institutions and all their configurations, succeeded the first two ministries after the Central Bank of Iraq, And oil by settling the salaries of their employees with the participation of a number of government and private banks.

 

 


He added that "the salary of the month of November, the current center of the Ministry of Electricity and Oil Pipeline Company affiliated to the Ministry of Oil, was received through the electronic card through the participation of a number of government and private banks," noting that "the selection of these banks was through the same employee after reviewing and view it On offers from those banks. " 

The settlement of salaries is the process of transferring the salaries of employees in the private or public sector of manual salaries received from their departments until they are received from banks and government or private banks through a special account opened to the employee in the bank and withdraw from it by electronic payment card or receive in cash from The bank.

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Economist: Localization of salaries of ministry employees need efficient banks

 

 Since 2017-11-23 at 14:00 (Baghdad time)

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Baghdad - Mawazine News

The expert on economic affairs, Dirgham Mohammed Ali, on Thursday called on the Central Bank to form a committee of bankers to assess the performance of banks before the referral of salaries to employees.

Ali said in an interview with Mawazin News that "the process of Emiratisation needs efficient banks that are guaranteed performance and are prudent in a manner that maintains the salaries of employees from any possible risks, even a small percentage of the risks of banking." He said, "Settling the salaries of employees is a two- And the other negative. "

Ali added that "the settlement of salaries of employees ensure them to benefit from the facilities of bank accounts and access to loans at much easier stages and the use of credit cards even outside Iraq to benefit and the disbursement of these salaries."

He added that "the size of facilities depends on the bank, which is the salary is settled by the ministry or the institution where the quality of services and the effectiveness of the difference between one bank and another," adding that "there is another face may be negative for this process, including the deduction of 1 percent of salaries of employees As fees for settlement. "

The Central Bank announced the first two ministries to implement the process of settling the salaries of its employees with the participation of a number of government and private banks

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Central Bank: The first two ministries to implement the project to settle the salaries of its employees

 Since 2017-11-23 at 13:01 (Baghdad time)
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Baghdad - Mawazine News

The Central Bank announced on Thursday the first two ministries to implement the process of settling the salaries of its employees with the participation of a number of government and private banks.

"In implementation of the directives of the General Secretariat of the Council of Ministers pursuant to Resolutions (313) for the year 2016 and (281) 2017 and after the success of the process of settling salaries of employees of the Central Bank of Iraq and after the circulation of the project on the The rest of the ministries and government institutions and all their configurations, succeeded the first two ministries after the Central Bank of Iraq, namely electricity and oil to settle the salaries of their employees with the participation of a number of government and private banks.

Jabbar said that "the salary of the month of November (the current Ministry of Electricity) and (Oil Pipeline Company) belonging to the Ministry of Oil, was received through the electronic card through the participation of a number of government and private banks."

He pointed out that "the selection of these banks was through the same employee after reviewing and inform him of the offers from those banks, and is expected to witness the month of December addition of other ministries to the project to settle salaries."

 

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2 hours ago, Donziman said:

electronic salary payments.seems like a pretty effective way to reduce the note count.

Coupled with the resent purchase of the machines that destroy currency. looks like

somebody is trying to increase the value of the notes remaining. Go RV

We can only hope! Sure does seem like their up to something....how long  will it take is the question.

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All  this good news just piling up !  The thousand points of light  converging to make the world a better place . As  a  new millionaire , I will pump up the local economy , set up Trust funds for my two charities ,and  redo my beloved home which I can't leave because of the  garden that I have built up over many years .,  I will travel my ass off , flying first class ,cruising first class . I will invest in long term municipal bonds and real estate . I'll  never stop shopping  at the goodwill or St Vinny's though .   

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