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Economist: In 30 years will be the cash currency paper


yota691
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A member of the Board of Directors of the Iraqi Economic Council Baqir Mashat, on Tuesday, that the government's payment of salaries of employees through resettlement is a good step to break the deadlock of Iraq's banking.

"The decision of the Iraqi government to pay the salaries of employees through government and commercial banks is an important step in its way to break the deadlock of the Iraqi citizen in dealing with local and international banks," he said in a press release. 

He pointed out that "the step of Emiratisation will contribute to enhancing the confidence of citizens in the banking sector in order to reduce the dependence on banknotes, which are about 1500 years old."
 

"In 20 or 30 years, the local currency may disappear and become part of history and replace it with credit card," he said, pointing out that "the main objective of the settlement of salaries of the Rafidain Bank and Rashid and private banks is to promote a culture of dealing with banks among Iraqis.
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12:51
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BAGHDAD / 

The Iraqi economic council said Tuesday that the government's payment of salaries through resettlement is a good step to break the stalemate of Iraq's banking system. 

"The decision of the Iraqi government to pay the salaries of employees through government and commercial banks is an important step in its way to break the deadlock of the Iraqi citizen in dealing with local and international banks," said a member of the Iraqi Economic Council Baqir al-Mashat in a press statement read by Al-Ghad Press.

He pointed out that "the step of Emiratisation will contribute to enhancing the confidence of citizens in the banking sector in order to reduce the dependence on banknotes that are about 1500 years old." 

He Mashat within 20 or 30 years, the local currency will disappear and become part of history and replaced by credit card. " 

He continued," The main objective of the localization of salaries followed Rafidain and Rasheed Bank and private banks is a culture of dealing with banks among Iraqis. "
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Physical cash can be anonymous and untraceable, allowing it to play a large role in crime, including bribery, tax evasion, money, counterfeiting, money laundering corruption and terrorist financing. However, cashless payments leave behind tracable records, making it harder to conceal income, evade taxes and hide black market transactions.

 

The decision of the Iraqi government to pay the salaries of employees through government and commercial banks is an important step in the right direction.

 

Go CBI

Go e-banking 

Go Visa, Máster Card, P.O.S

Go cashless society 

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6 hours ago, yota691 said:

"The decision of the Iraqi government to pay the salaries of employees through government and commercial banks is an important step in its way to break the deadlock of the Iraqi citizen in dealing with local and international banks,"

 

since iraq claims a large amount of iqd is still outside the banks in iraq ,, this is another tool to force the use of banks ... only my opinion cheers dv

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20 minutes ago, Wiljor said:

Make sure no one pulls any pranks with that glue brother,  you might spill your beverage :o Wishing you well 10 years :twothumbs:

 

giphy.gif

 

:bravo:  i trust all is well with you Wiljor . . . All the best - hoping they pull the trigger "   :soon: "

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