Official CBI News 05/03/2023

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Specialists: Corruption undermines development and obstructs projects and services

Economical  05/07/2023

 

 

 Baghdad: the mainstay of the emirate

 

Specialists in economic affairs stressed the need to intensify government oversight to prevent the growth of the "black economy", which is the most prominent aspect of corruption, and relies mainly on smuggling materials and currency laundering, stressing that corruption is the main factor impeding economic growth, providing services and confusing strategic projects, stressing the need Implementation of the provisions of the government program, which put the fight against corruption among its top priorities.

 

The ministerial platform of the government of the Prime Minister, Muhammad Shia’a al-Sudani, focused on a number of points, foremost of which were addressing poverty and unemployment, combating financial and administrative corruption, addressing the electricity crisis, increasing citizens’ processing hours, and protecting the poor groups of society, which are aspects of development that cannot take place, according to a number of specialists. , without rooting out corruption, and limiting its effects on the implementation of projects.

 

And in a way that confirms the government’s determination to eradicate the scourge of corruption, the Integrity Commission signed a cooperation agreement with the Money Laundering and Terrorist Financing Office at the Central Bank, to enhance the necessary national efforts to confront, combat and limit acts of corruption and money laundering and terrorist financing crimes. 

 

Of which".

A statement by the Commission stated that the agreement, which was held under the auspices of the Head of the Integrity Commission, Judge Haider Hanoun, and the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, aims to follow up the wanted suspects, recover the funds obtained from acts of corruption and money laundering, protect public money, and raise the efficiency of institutional performance.

 

And the statement continued, “The agreement provided for the exchange of information related to corruption cases, money laundering crimes and terrorist financing after the approval of the competent judge, and joint coordination to follow up procedures for recovering smuggled funds outside Iraq, in addition to the Anti-Money Laundering and Terrorist Financing Office providing the authority with the available information when conducting the investigation.” About funds, companies and financial activities contributed by taxpayers outside Iraq or a notification of illegal gain is received against them, while the Commission informs the office of the information available when conducting research and investigation of suspected cases of money laundering and terrorist financing crimes.

 

In addition, the economic researcher, Dr. Abdul Karim Al-Issawi, pointed out the need to intensify control efforts to confront the "black economy" and limit its effects on development rates, indicating that the most important treatments for the black economy and limiting its growth is reforming monetary and fiscal policy, reducing the general budget deficit and transparency in spending. Public, limit extravagance and waste of state resources, and activate anti-money laundering laws by identifying the customer and the nature of the business he performs.

 

Al-Issawi also stressed the importance of the government moving to conclude more international agreements aimed at addressing corruption and money laundering crimes, as well as expanding the work carried out by the Central Statistical Organization in preparing the necessary studies and data for specialists to determine the size of the black economy, calling at the same time, for the necessity For the government to impose its absolute control over the border crossings, especially in the Kurdistan region, calling for a reduction in the number of these crossings and the unofficial closure of them.

 

Al-Issawi believes the importance of activating governmental and popular intelligence efforts to curb the black economy and monitor illegal businesses, and to accelerate the establishment of an electronic government to monitor the citizen's real income and what are its sources to subject it to tax.

 

For his part, the academic, Dr. Amr Hisham, explained that all economic and commercial activities that are not subject to laws, mainly represented by tax evasion, are an integral part of the black economy or the so-called shadow economy, and these illegal practices aim at large illegal profits.

 

Hisham stressed the need to completely eliminate money laundering, which represents the most prominent form of the black economy, as well as oil smuggling, which is also one of the most dangerous aspects of the black economy, which calls for activating deterrent laws in this field and applying them strictly and not being complacent. 

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Private banks: 9 electronic payment companies whose commissions were zero

Economical  05/07/2023

 

 

 Baghdad: morning

 

The Iraqi Private Banks Association announced that 9 electronic payment companies have zeroed commissions on points of sale in all government sector institutions and for the end of this year, in support of the Cabinet’s decision that includes publishing electronic payment tools in state institutions.

 

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, said in a press statement that the banking sector is currently working to implement the decision of the Council of Ministers, to activate electronic payment tools, in all state institutions, so I decided 9 electronic payment companies are Amwal, Arabs, Iraq Gate, Ishtar Gate and Iriba. Iraq, Yanah, Qi Card, Exchange, and the National Gate, by zeroing commissions for local movements of government services on collection devices known as points of sale “POS” until the end of this year. 

 

He added that the infrastructure of the banking sector is ready to deploy electronic payment tools, especially in light of the large number of citizens who own bank cards of all kinds. 

 

He stressed that electronic payment companies are currently working to deploy their devices in ministries and institutions not associated with a ministry, in addition to universities, gas stations, restaurants, pharmacies, medical clinics, markets, etc., adding that this step, which is supervised by the Central Bank, is very important in achieving financial inclusion and contributing to the dissemination of Electronic payment culture and facilitation of transactions and procedures. 

 

He added that the money cycle will be completed after activating electronic payment tools, which contributes to increasing credit and financing large and medium projects

and small.

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[yota691]

"Second meal"... Oil products announce gas stations operating with the POS electronic payment system

2023-05-07 04:28

 

 

Shafaq News/ The Oil Products Distribution Company announced, on Sunday, the second batch of government stations operating with the electronic payment system, Pos.

 

The general manager of the distribution company, Hussein Talib Abboud, said in a statement received by Shafaq News agency, "The second batch includes Abu Iqlam station in the Karrada area and Palestine station on Palestine Street, as well as Al-Saydiyah station and Al-Mansour station," stressing that "the rest of the stations will be included successively, leading to the entry of services Electronic payment at all stations.

 

 

The Petroleum Products Distribution Company had launched the first batch, which included ten stations through electronic payment companies and in cooperation with the Central Bank of Iraq.

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Al-Rafidain begins implementing the electronic collection system in customs, ports and taxes

Wednesday 10 May 2023 09:10 | EconomicalNumber of readings: 156

Al-Rafidain begins implementing the electronic collection system in customs, ports and taxes (ninanews-com.translate.goog)

Baghdad / NINA / - Al-Rafidain Bank announced the implementation of the electronic collection system in customs, ports and taxes.

A bank statement stated that the Rafidain Bank held an expanded meeting in the presence of representatives of some of the bank's departments concerned with electronic payment, representatives of the Customs Authority, the Border Ports Authority, Taxes and the Global Smart Card Company to discuss the implementation of the collection system electronically.

During the meeting, the mechanism for publishing points of sale was discussed, and the departments concerned with ports, customs and taxes were provided with POS devices, and linked to the system electronically to collect money through modern electronic systems, in order to move from cash transactions to electronic ones.

The interventions of the attendees focused on the importance of automating that process, which leads to the elimination of manipulation, forgery and suspicions of financial corruption.

This step comes in line with the government program to generalize the experience to include various sectors at the level of all of Iraq.

Al-Rafidain Bank launched an initiative to grant (POS) devices to all state institutions and the private sector for free, provide technical and logistical support, support software, and train all technical personnel in exchange for (zero) commissions until the end of the year 2023, and it is the responsibility of the bank

[yota691]

Al-Rafidain begins implementing the electronic collection system in customs, ports and taxes

• Time: 05/10/2023 08:11:47
•  
• Read: 1,326 times

  

{Economic: Al Furat News} Al-Rafidain Bank announced, this morning, Wednesday, the start of implementing the electronic collection system at the outlets of the Customs Authority, border crossings, and taxes.

And the bank’s media stated in a statement received by {Euphrates News}: “Based on government directives to activate POS devices, an extensive meeting was held at Al-Rafidain Bank in the presence of representatives of some of the bank’s departments concerned with electronic payment and representatives of the Customs Authority, the Border Crossings and Taxes Authority, and the Global Smart Card Company to discuss implementation electronic collection system.

The statement added, "During the meeting, the mechanism for publishing points of sale was discussed, and the departments concerned with the ports, customs and taxes were provided with (pos) devices, and linked to the system electronically to collect money through modern electronic systems, in order to move from cash transactions and the transition to electronic."

The interventions of the attendees focused on the importance of automating that process, which leads to the elimination of manipulation, forgery and suspicions of financial corruption.

This step comes in line with the government program to generalize the experience to include various sectors at the level of all of Iraq.

Al-Rafidain Bank had earlier launched an initiative to grant POS devices to all state institutions and the private sector for free, provide technical and logistical support, supportive software, and train all technical personnel in exchange for (zero) commissions until the end of the year 2023, and it is the responsibility of the bank 

[yota691]

Al-Rafidain begins implementing the electronic collection system in customs, ports and taxes

 

drains
   

Economy News - Baghdad
Al-Rafidain Bank announced, on Wednesday, the implementation of the electronic collection system in customs, ports and taxes.

 

The media office of the bank said in a statement, “Based on government directives to activate POS devices, an expanded meeting was held at Al-Rafidain Bank, in the presence of representatives of some of the bank’s departments concerned with electronic payment, representatives of the Customs Authority, the Border Ports and Taxes Authority, and the Global Smart Card Company to discuss the implementation of the collection system.” electronically.”

 

During the meeting, according to the statement, the mechanism for publishing points of sale and providing departments concerned with ports, customs and taxes with (pos) devices was discussed and linked to the system electronically to collect funds through modern electronic systems, in order to move from cash transactions and the transition to electronic, and the interventions of the attendees focused on the importance of automating that process. Which leads to the elimination of manipulation, forgery and suspicions of financial corruption.

 

And the statement continued, "This step comes in line with the government program to generalize the experiment to include various sectors at the level of all of Iraq."

 

And the Rafidain Bank launched, earlier, an initiative to grant (POS) devices to all state and private sector institutions for free, provide technical and logistical support, supportive software, and train all technical personnel in exchange for “zero” commissions until the end of the year 2023, and the responsibility of the bank.

 

 

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Views 132

Added 05/10/2023 - 8:23 AM

[6ly410]

The Central Bank confirms the continuation of meeting requests through the electronic platform for cash

Economic News Agency - The Central Bank confirms the continuation of meeting requests through the electronic platform for cash (economy-news.net)

 

Economy News-Baghdad

The Central Bank of Egypt (CBE) confirmed on Wednesday that it will continue to meet the requests of companies and finance the personal needs of all citizens.

"The bank continues to meet the requests of companies (financing their imports of goods and services), as well as financing the personal needs of all citizens, such as travel, treatment and study, through the electronic platform for cash, and meeting the requests of banks and electronic payment companies to enhance their balances to cover the settlements of electronic payment cards (Visa, Mastercard) at the official exchange rate of 1320 dinars per dollar," a statement by the central bank said.

The statement added: "The bank urges the beneficiaries of the platform's services to:

1. Traders go to establish commercial companies at the Companies Registration Department to ensure that their requests are met through the window of buying and selling foreign currency smoothly and at the official price.

2. Shops, malls and stores provide POS in order to facilitate the payment process for citizens to encourage them to use electronic payment methods.

3. Citizens acquire electronic payment cards from companies and banks, to settle their various obligations through them.

 

Views 84

Added 2023/05/10 - 9:21 PM

[6ly410]

Central Bank of Iraq: We continue to meet requests through the electronic platform for cas

2023.05.10 - 20:41

Economic News Agency - The Central Bank confirms the continuation of meeting requests through the electronic platform for cash (economy-news.net)

 

  

Baghdad - NAS  

The Central Bank of Iraq confirmed on Wednesday that it continues to meet the requests of companies, financing their imports of goods and services, as well as financing the personal needs of all citizens, such as travel, treatment and study, through the electronic platform for cash  

  

  

The bank also confirmed through a statement received by NAS (May 10, 2023), "meeting the requests of banks and electronic payment companies to enhance their balances to cover the settlements of electronic payment cards (Visa, Mastercard) at the official exchange rate of 1320 dinars per dollar."  

  

The bank urged the beneficiaries of the platform's services to do the following:

1. Traders should go to establish commercial companies at the Companies Registration Department to ensure that their requests are met through the window of buying and selling foreign currency smoothly and at the official price.  

2. Shops, malls and stores provide POS in order to facilitate the payment process for citizens to encourage them to use electronic payment methods.  

3. Citizens acquire electronic payment cards from companies and banks, to settle their various obligations through them.  

  

  

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The Central Bank of Iraq issues three recommendations on the sale of dollars through the electronic platform for cash

Wednesday 10, May 2023 21:18 |EconomyViews: 185

The Central Bank of Iraq issues three recommendations regarding selling the dollar through the electronic cash platform (ninanews-com.translate.goog)

Baghdad /Nina/ The Central Bank of Iraq confirmed on Wednesday the continuation of meeting requests through the electronic platform for cash, while issuing three recommendations. The bank said in a statement: "It continues to meet the requests from companies to finance their imports of goods and services, as well as financing personal needs such as travel, treatment and study, through the electronic platform for cash, and to meet the Requests from banks and electronic payment companies to enhance their balances to cover the settlements of electronic payment cards (Visa, Mastercard), at the official exchange rate of 1320 dinars per dollar."

He urged the bank to:1. Traders go to establish commercial companies at the Companies Registration Department to ensure that their requests are met through the window for buying and selling foreign currency smoothly and at the official rate.

2. Companies, malls and stores provide POS in order to facilitate the payment process for citizens to encourage them to use electronic payment methods.
3. Citizens acquire electronic payment cards and settle their various obligations through them./Ends2

[yota691]

Next month.. The launch of the electronic sales (POS) project

Economical  2023/05/10

 

 

 Baghdad: Shukran Al-Fatlawi

 

Experts in the fields of economy and finance have praised the government's decisions to adopt electronic selling devices (POS) in state institutions and the private sector, and they consider it a positive step that contributes to reducing the levels of volatility of the dollar exchange rate in local markets in the future and reducing the risks of carrying cash, corruption and money laundering.

 

The General Secretariat of the Council of Ministers has set early June as the date for generalizing the work of these agencies in the public and private sectors, in implementation of the decisions of the Council of Ministers. 

In early April, electronic payment was implemented in a number of fuel stations on both sides of Karkh and Rusafa, in preparation for expanding the system to include all stations in Baghdad and the provinces. 

The financial and banking expert, Dr. Amr Hisham, told Al-Sabah: This step is positive, although it came late, as it was supposed to coincide with the salary settlement project, because the citizen continued to withdraw the amount and deal with it in the old way through the payment process.

 

He pointed out the necessity of working to educate citizens and push in this direction, because many individuals do not possess the culture of carrying (Master Card), indicating that its results may be delayed in the short term because it is a nascent step, especially in the private sector.

 

For his part, economic expert Majed Abu Kelal described, during his interview with Al-Sabah, the adoption of vending machines (pos) in state institutions and the private sector, as an important step.

 

And he indicated that the program makes it easier for citizens to exchange and trade cash through electronic cards instead of the process being manual, and thus control counterfeit currency, as well as providing an element of safety for citizens not to carry large amounts of cash, accompanied by the smoothness of high tax operations for dealers in these systems.

 

He noted that the requirements for applying this system properly require activating banking and financial inclusion, meaning that bank accounts should be for all citizens, whether the seller or the buyer, pointing out that the user can purchase a (pos) card and fill it out from any company.

 

He added that many countries have made it easier for citizens to obtain a bank account, even in the administrative units of the districts, so that they can deal with this mechanism.

 

Abu Kilal stated that adopting this method will reduce corruption and money laundering and does not contain any negatives. It works in the long term to reduce the price of the dollar in the local market by reducing the cash supply offered in the market. 

As a start for this project, the Rafidain Bank announced at the end of last week the experimental launch of electronic collection in the first education schools of Karkh, Rusafa, and taxes.

 

And a statement by the bank stated, “In accordance with government directives to activate point (POS) devices, the bank experimentally launched the electronic collection system in the first Rusafa and Karkh first education departments, and the General Tax Authority.”

 

The bank confirmed that it is “working to generalize this experience to the rest of the state’s departments, successively, with the aim of leaving manual financial transactions and collecting money electronically.”

 

And the statement continued, “The bank, in cooperation with the International Smart Card Company, took a decision to grant (POS) devices to all state institutions and the private sector for free, and to provide technical and logistical support, and supporting software, as well as training all technical staff in exchange for (zero) commissions until the end of the year.” 2023.

 

Edited by: Ali Mouafaq

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Specialists: The knowledge economy is capable of moving production and increasing development

Economical  2023/05/13

 

 

 Baghdad: The Emad of the Emirate

 

Those concerned with the economic affairs stressed the need to give the technological aspect the utmost importance in the work of all government joints, and actively strive to use the latest developments of the information revolution, especially in the field of modern communications, while they praised the government's efforts to use electronic payment methods in all aspects of life. They stressed that the knowledge economy has become the starting point for many productive, investment, agricultural, industrial, banking and transportation sectors.

 

The digital transformation process, according to the spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, “is of utmost government importance, and the e-governance file receives direct attention from the Prime Minister, Muhammad Shia’a al-Sudani, who stressed the need to include it in the ministerial program.”

 

In the midst of this, the Rafidain Bank yesterday implemented the electronic collection system in customs, ports and taxes, in a step that enhances the process of transformation towards the "electronic economy" and leads to the elimination of corruption, while those concerned with the economic affairs see the "digital transformation" of currency circulation, which the Prime Minister stressed To start it actually early next month, it represents an important starting point for the national economy, stressing that this step will basically eliminate corruption and bribery, and facilitate commodity exchanges and money transfers.

 

According to the specialist in economic affairs, Dr. Ahmed Al-Rawi, “the modern economy relies mainly on information, digitalization, and software, and this transformation has been called many names, including the digital economy and the information and knowledge economy,” noting that the digital economy indicates that “the creation of wealth has moved From materials, buildings and machines to digital knowledge and software information.

 

Al-Rawi pointed out that "the principles of this type of modern economy are taking root with the progress made in the knowledge levels to confront the traditional economy, and lead to the adjustment of the international economic system," stressing "the need to implement the mechanisms of transformation towards this type of economy in Iraq, and work to lay the foundations on which In light of it, an economic system based on knowledge and technology can be built,” praising at the same time government moves aimed at eliminating paper circulation, and adopting technology in the buying and selling movement and government reviews, noting that “this step will eliminate many negative phenomena, especially corruption and delay.” What is happening in government audits, as well as the elimination of counterfeit currency.

 

Member of the Iraqi Economists Association, Dr. Ikram Abdel Aziz, showed that the knowledge economy includes the communications and information technology sector in addition to digital activities in the rest of the commodity and service production sectors, and is mainly rooted in businesses related to tourism, insurance, transportation and communications.

 

Abdulaziz confirmed that the size of the knowledge sector is witnessing a clear growth in recent times, despite the existence of some difficulties in the process of estimating the size of these sectors, calling for intensifying digital transformation efforts in Iraq, and working to abolish the paper circulation system in all governmental and private institutions. 

 

Dean of the College of Business Economics, Dr. Nagham Hussein, explained that the acquisition of knowledge in all fields in general and in the field of information and communication technology in particular plays a prominent role in improving the process of human development and in building a knowledge society from which a knowledge economy emerges with encouraging economic growth rates.

 

Dr. Hussein continued that acquiring knowledge is not limited to building a national knowledge base, but also requires reaping and adapting existing knowledge in other places through wide openness to the developed world, encouraging the free flow of knowledge, establishing links with global markets, and attracting foreign investment.

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The Central Bank issues three recommendations regarding selling dollars through the electronic cash platform

 2023/05/10

 

 1630

 

Baghdad / resource news

Today, Wednesday, the Central Bank confirmed that requests will continue to be met through the electronic cash platform, while issuing three recommendations.

 

The bank said in a statement: It "continues to meet companies' requests to finance their imports of goods and services as well as to finance personal needs such as travel, treatment and study, through the electronic cash platform, and to meet the requests of banks and electronic payment companies to enhance their balances to cover electronic payment card settlements (visa, mastercard). The official exchange rate is 1,320 dinars per dollar.

The bank urged: 
1. Merchants go to establish commercial companies at the Companies Registration Department to ensure that their requests are met through the window for buying and selling foreign currency smoothly and at the official rate.

2. Companies, malls and stores provide POS points of sale in order to facilitate the payment process for citizens to encourage them to use electronic payment methods.

3. Acquiring electronic payment cards by citizens and settling their various obligations through them.

[yota691]

Finance obliges its departments and agencies to adopt {POS} devices

The first  2023/05/18

 

 

 Baghdad: morning

 

Yesterday, Wednesday, the Ministry of Finance obligated government departments and affiliated institutions to adopt (POS) devices and to generalize the experience to include various economic and societal sectors.

 

This came during a meeting held by the Undersecretary of the Ministry, Masoud Haidar, and the Chairman of the Electronic Payment Committee (pos), with the directors of departments, banks and departments concerned with implementing the electronic payment points project.

 

Masoud explained, in a statement, the importance of applying the (POS) system in the field of economic activity and efforts to combat money laundering and terrorist financing, stressing the inclusion of all bodies and companies affiliated with the ministry who have collection or have delivery or receipt of money, by applying the (POS) system, in addition to working on Removing obstacles to initiating the optimal application 

for the system.

 

It is noteworthy that the Ministry of Finance is moving towards providing all the necessary facilities to grant electronic selling devices (POS) in state institutions and the private sector for free, at zero percent interest, for a period of 6 months, in addition to providing technical and logistical support and various software supporting the project, as well as training cadres working in this field.

[yota691]

The Ministry of Finance confirms the inclusion of its subsidiaries and companies in implementing the (POS) system

• Time: 05/17/2023 18:26:33
•  
• Read: 1,911 times

  

{Local: Al Furat News} The Undersecretary of the Ministry of Finance, Masoud Haidar, held today, Wednesday, in the presence of the Chairman of the Electronic Payment Committee (pos), a meeting with the directors of departments, banks and departments concerned with implementing the electronic payment points (POS) project.

 

Al-Wakil explained, in a statement that {Euphrates News} received a copy of: "The importance of applying the (POS) system in the field of economic activity and efforts to combat money laundering and terrorist financing."

He stressed, "The inclusion of all bodies and companies affiliated with the Ministry, who have collection, or have delivery or receipt of funds, in applying the (POS) system, in addition to working to remove obstacles to initiating the optimal application of the system."

It is noteworthy that the ministry is moving towards providing all the necessary facilities to grant POS electronic sales devices in state institutions and the private sector for free, at zero percent interest, for a period of 6 months, in addition to providing technical and logistical support and various software supporting the project, as well as training cadres working in this field.

[yota691]

Association of Banks: Digital transformation will eliminate bribery and corruption

Economical  2023/05/22

 

 

 Baghdad: Hussein Thaghb Al-Tamimi 

Economists and specialists stressed the inevitability of fighting financial and administrative corruption, and putting the country’s train on the track of correct performance to head towards sustainable development stations in a phased manner, stressing the importance of activating legal procedures that limit it and adopting electronic systems and automation between state institutions, in conjunction with that, the Association of Private Banks explained Electronic payment tools are one of the weapons in eliminating financial and administrative corruption, indicating that digital transformation will eliminate bribery and corruption.

Iraq is awaiting the launch of the electronic payment project (pos) on the first of June 2023, after the Central Bank announced the implementation of the electronic payment process instead of cash in line with and in line with economic developments in most countries of the world with the aim of creating a monetary system that enjoys confidence and security in the process of cash circulation of the Iraqi currency.

Financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih had described corruption in all its forms as a conflict between good and evil, and said: "This conflict requires finding a real role for legal institutions that are obligated to apply all legal paragraphs to reduce corruption and not allow it to confuse the reality of performance in the various parts of the state." . 

He pointed out that "the absence of effective legal procedures encourages the expansion of the circle of corruption, which necessitates the activation of legal legislation that does not allow the emergence of paths to corruption in various aspects of work," noting that the effects of corruption on performance within state institutions are great, because it delays developmental trends. In addition, the form of corruption is represented in the arbitrariness in the use of the law, the use of instructions, the weakness of discipline, as well as the lack of professional conscience, which makes the functional apparatus in need of cultural awareness and citizenship. 

As for the specialist in economic affairs, Dr. Mustafa Muhammad Ibrahim, he said, "The paths of combating administrative and financial corruption require non-interference by everyone with the mechanisms of economic advancement in Iraq, and the removal of nepotism and nepotism in the public sector that weaken economic decision-making, as well as work on planning and organizing within Iraqi institutions as a whole to enhance the effectiveness of institutional performance, and put Strict real procedures in all ministries. 

And he stressed "the inevitability of applying the principle of reward and punishment in its true form, and full support for automation in all government work, as well as reviewing all government laws and instructions, especially contracts, and separating between efficiency in work and administrative courtesies, and a correct legal organization must be established for all Iraqi institutions, Work to reconsider employment in official government institutions and develop a modern legal framework that keeps pace with administrative developments.

He pointed to "the importance of communication and coordination through the formation of an operations room, and all inquiries between ministries are answered and linked to the General Secretariat of the Council of Ministers, setting modern real work paths, updating the information system in all ministries, and working on the principle of actual disbursement and non-guessing," pointing to the need to set penalties Real for every corrupt person, whether former or current, to take legal action against him effectively.

It is noteworthy that the Executive Director of Transparency International had said: "For any chance to end corruption and improve the life of society, the relationship between politics and big money must be addressed, and all citizens must be represented in the decision-making process." In turn, the Executive Director of the Association of Iraqi Private Banks, Ali Tariq, said: "Iraq today has the most important elements for eliminating corruption, which is represented by the infrastructure of electronic payment systems, as the country witnessed a clear development in this important joint during the past years."

Tariq stressed that "the expansion of electronic payment companies in the financial services sector contributes to the widening of the circle of safe services that are provided to the citizen through the deployment of electronic payment devices throughout the country," and that the Central Bank, in cooperation with the Association of Iraqi Private Banks, implemented a constructive transformation plan towards electronic payment from By settling the salaries of Iraqi state employees.

Tariq had indicated that "electronic payment tools are one of the weapons in eliminating financial and administrative corruption," explaining that Iraq has begun to develop in this field, and that digital transformation will eliminate bribery and corruption in addition to increasing efficiency, speed of implementation and protection.

As for the economic expert, Abdul Hassan Al-Shammari, he said: "Financial and administrative corruption occupies most of the countries of the globe, because it carries with it many negatives that lead to a decline in levels of performance in all joints of the infrastructure in countries," pointing out that fighting corruption is necessary at the present time. Especially since the country is heading towards a stage of wide openness towards the world and specialized investment companies wishing to obtain job opportunities inside Iraq, which is considered the most promising labor market at the global level when the appropriate environment is available, and therefore we must fight corruption in all its forms. 

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Al-Rafidain announces the activation of electronic payment devices at fuel filling stations

2023.05.23 - 10:35

 

Baghdad - people  

Al-Rafidain Bank announced, on Tuesday, the activation of electronic payment devices at fuel filling stations.  

  

  

  

And the media office of the bank stated in a statement that “NAS” received a copy of it, (May 23, 2023), that “based on the government directives and the instructions of the Central Bank of Iraq in implementing electronic payment tools and reducing the use of cash, it emphasized the activation of the electronic payment service at the fuel filling stations spread on both sides of the country.” Al-Karkh and Al-Rusafa, and collecting the amounts through the use of electronic bank cards through POS devices.  

  

The bank directed, according to the statement, "to invite its customers who hold MasterCard cards to benefit from this service at fuel filling stations, which is an important step to contribute to spreading electronic culture, leaving cash and preserving funds."  

  

And he continued, "The bank had announced earlier the success of the experimental launch of the electronic collection system in the first education departments of Rusafa, Al-Karkh Al-Oula, and the General Authority for Taxes," stressing that "it is working to generalize this experience to the rest of the state's departments, successively, with the aim of leaving manual financial transactions and collecting money electronically."  

  

The statement indicated that "Al-Rafidain Bank, in cooperation with the International Smart Card Company, decided to grant (POS) devices to all state institutions and the private sector for free, provide technical and logistical support, supportive software, and train all technical personnel in exchange for (zero) commissions until the end of the year 2023, and the responsibility of Al-Rafidain Bank.  

[yota691]

Chaired by Minister Taif Sami

An expanded meeting of the Finance Sector Reform Follow-up Committee comes out with several recommendations

2023.05.23 - 14:54

 

Baghdad - people  

The Follow-up Committee on Financial Sector Reform held, on Tuesday, an expanded meeting to follow up projects on public financial systems, electronic payment, and curbing corruption, while the committee issued several recommendations.  

  

 

  

And the Ministry of Finance said in a statement, which “NAS” received a copy of, (May 23, 2023), that “Finance Minister Taif Sami chaired an expanded meeting of the committee (follow-up to reform the financial sector) concerned with following up on public finance and electronic payment systems projects, reducing corruption phenomena and evaluating the performance of the ministry’s departments.” and its formations.  

  

She added that "a committee made up of:  

  

 Finance Minister Taif Sami Muhammad / Chairman.  

  

1- Maher Hussein Rashid / Chairman of the National Retirement Authority  

  

2- Hassan Hammoud Hassani/ Head of the Customs Authority.  

  

3- Muhammad Hamza Mustafa / General Manager of the Legal Department  

  

4- Jamil Thajib Youssef / General Manager of the Accounting Department.  

  

5- Ammar Subhi Khalaf / Federal Financial Supervision Bureau.  

  

And she continued, "The most important recommendations taken by the committee and the themes that were discussed:  

  

Firstly:-  

  

Concerning paragraph (1) on developing and organizing procedures to reduce the phenomena of corruption in the ministry and its formations and presenting a timetable that supports ending the phenomena of corruption. dated 18/1/ 2023, including the formation of a committee for the purpose of implementing the National Strategy for Integrity and Anti-Corruption (2021-2024) on 1/18/2023 and published in our letters sent to the Federal Integrity Commission with issues (3781) dated 10/13/2022 and (42) 170) dated 16 /11/2022.  

  

And through the meeting that was held in the Integrity Commission on 9/29/2022, the ministries were informed of the schedule for evaluating the extent of the response of the ministerial teams, and the results showed that this ministry and its team are among the very few entities that have completed all the requirements according to the table (attached).  

  

Our uncles with the number (3374) dated 1/25/2022, which includes directing all our formations, were directed to form a sub-team for each department headed by an assistant general manager and an employee from the Control Department and related departments and the legal department. Work continues with these teams by the Central Committee to perpetuate the work of procedures Integrity Commission form and all changes and updates to it.  

  

The training workshops were held in the presence of members of the Federal Integrity Commission, as well as the attendance of the specialized team for the workshops and courses held by the Federal Integrity Commission, the last of which was held on 3/12/2023, where the directive was to link the ministerial curriculum and the government program and the forms prepared in advance by the Integrity Commission.  

  

secondly:  

  

Concerning paragraph (2) regarding setting and organizing procedures for selecting middle administrative leaders (assistant general manager / head of department) who enjoy qualifications, competence and integrity, the tasks of the position of assistant general manager, his job description and the tasks assigned to him were determined according to the legal department letter No. (30878) in 23 6/2023, and the notification of the General Secretariat of the Council of Ministers No. (S. 15106/21/5/2) on 3/5/2010.  

  

- Has the skill and ability to address problems within the work and find solutions to them.  

  

- Contributes to the preparation of the department's reports in a scientific and cognitive manner and supports the digital transformation to build an e-government.  

  

- Responds to the vision of senior management and works to support and achieve it.  

  

- To have a bachelor's degree or higher.  

  

- Knowledge of the department's mission objectives.  

  

- Familiarity with laws, instructions and controls.  

  

He has administrative leadership qualifications.  

  

Involve him in the middle management course.  

  

Third:  

  

Concerning paragraph (3) regarding expediting the submission of draft laws, regulations, and instructions related to the Ministry of Finance and its formations to keep abreast of developments, address legislative deficiencies, and reduce corruption in the tax, customs, insurance, banking, and free zone sectors.  

  

1- We refer to the letter of the Legal Department No. (12781) on 5/21/2023 addressed to the General Secretariat of the Council of Ministers / Legal Department, which includes sending a draft amendment to the draft law of the Ministry of Finance.  

  

2- We refer to the letters issued and directed to the State Council, which are as follows:  

  

A- Our letter No. (23475) on 8/10/2017, sending a draft or amending the internal system of the Budget Department.  

  

B- Our letter No. (41646) on 11/30/2021 sent a draft and amended the internal system of the Accounting Department.  

  

C- Our letter No. (10872) on 3/14/2022, sending a draft and amending the bylaws of the Legal Department.  

  

D - Our letter No. (18288) on 5/16/2023, sending a draft and amending the internal regulations of a department to the Iraqi Fund for External Development.  

  

C- Our letter No. (1824) on 12/31/2020, according to which the draft amendment to the Iraqi Fund for Foreign Development Law No. (7 of 1974), as amended, and the draft amendment to its system No. (34 of 1977) as amended, according to which was re-written, were sent to the General Secretariat of the Council of Ministers / Legal Department No. 24642 on 6/29/2022 due to the presence of notes from the State Council and other relevant departments regarding the draft law amending the Iraqi Fund Law above, while the draft internal regulations for the Iraqi Fund sent to the State Council have been completed by the State Council and are currently with The Legal Department in the Ministry of Finance for the purpose of publishing it in the Iraqi Gazette, in addition to proceeding with the procedures for amending Article (3) of the Iraqi Fund Law referred to above regarding fixing the capital of the Iraqi Fund, which is currently pending before the State Council for the purpose of discussion and the completion of its legislation.  

  

H- Our letter No. (33526) on 10/5/2022, sending a draft draft of the internal regulations of the Rafidain and Al-Rasheed Banks, and its application to all government banks.  

  

3- Work is underway to discuss a draft amendment to the law regulating insurance business, in coordination with the legal department in the ministry and the insurance bureau.  

  

4- Updating the preparation of a draft amendment to the draft law of the General Authority for Free Zones for the year 1998.  

  

5- An update of what was presented by the General Authority for Customs, which proposed amending Law No. 24 of 1984 on the General Authority for Customs.  

  

6- The General Authority for Taxes has submitted a draft amendment to some articles of the Income Tax Law No. 113 of 1982, which is under discussion with the Ministry's legal department.  

  

7- A committee was formed pursuant to Diwani Order 13 of 2022 to review the laws that regulate commercial work. This ministry was represented as a member in it. A draft economic reform law was prepared, as some of its clauses included amending some articles of the law, including the income tax law, the real estate tax law, and the customs law.  

  

Fourthly  

  

Paragraph (4) on preparing a systematic plan with a time limit to address the delay in the procedures followed in preparing the final account for the years (2016, 2017, 2018, 2019, 2020, 2021, 2022):  

  

1- The letter of the Accounting Department No. (12718) on 7/26/2022, sent to the Federal Bureau of Financial Supervision, which includes the final accounts for the year 2016, and sent to the Federal Bureau of Financial Supervision according to our letter No. (12718) on 5/21/2023.  

  

2- We attach to you a copy of the accounting department’s book No. (9939) on 5/21/2023 sent to the Federal Office of Financial Supervision, which includes the final accounts for the year 2017.  

  

3- Based on what was presented by us in the cabinet session regarding spending units by sending the final accounts for the year 2022.  

  

4- Regarding the unified treasury account, by approving the tabs for the account.  

  

5- Fatah continues to calculate salaries.  

  

6 - The Accounting Department was instructed to complete, take and audit the final accounts from 2018-2022 through working hours on Fridays and Saturdays, and this is subject to all spending units in charge of sending the deficiencies they have in the aforementioned accounts.  

  

Fifth:  

  

Paragraph (5) on setting up a program to ensure proper implementation of the amended Financial Management Law No. (6) of 2019 and the Federal General Budget Law.  

  

1- Our letter No. (1378) on (5/17/2023) containing the procedure regarding the issue of the unified treasury account, and our letters numbered 10048 and 10049 on 5/22/2023, a copy of which is attached herewith.  

  

2- Implementation of the (IFMIS) system in paragraph (5) of the above minutes.  

  

3- Implementation of the electronic payment project (POS), and the committee continues its work according to the directives of the Prime Minister in the letter of the Secretariat of the Council of Ministers No. 2275 dated 19/5/2023.  

  

4- Preparing instructions to facilitate the implementation of the amended Federal Financial Management Law No. (6) of 2019, and preparing a study of the second amendment draft law of the Federal Financial Management Law (6) of 2019, which completed its work and was submitted to the Supreme Committee of the State Council, which objected to the instructions because they violated the provisions of the law financial management.  

  

5- Automating the work of the General Tax Authority.  

  

6- Automation of work in the General Authority for Customs.  

  

7- Implementation of a package of measures to support the retirees segment by the National Retirement Authority.  

  

8- Powers to write off debts and assets according to the provisions of Clause Ten of Article 46 of the Federal Financial Management Law No. 6 of 2019.  

  

 Sixthly  

  

Paragraph (6) regarding the resolution of administrative investigations and the completion of criminal cases in the Federal Integrity Commission, we would like to indicate the following:  

  

1- This department issued circulars (17228) on 10/5/2023 to the departments, bodies, banks and companies affiliated with this ministry, including in paragraph (3) of it directives to expedite the completion of the administrative investigation according to the specified times in order to resolve the cases brought before the courts, as well as what is related to the paragraph (7) From him regarding the Prime Minister's directive on submitting the inventory of the monthly and quarterly administrative investigations.  

  

2- As for the administrative investigations, as far as the matter pertains to this department, below is its data, which shows the number of administrative investigations for the period from (1/1/2023) to (18/5/2023) and the number that has been completed, which are related to integrity investigations, the Financial Supervision Bureau, and the investigations received. from the other side.  

  

The total number of investigations is 73  

  

accomplished 67  

  

Seventh:  

  

Paragraph (7) for the purpose of regulating the procedures for controlling and protecting state real estate and preventing encroachment on it, the State Real Estate Department has initiated electronic transformation procedures for this department through contracting with the Ministry of Industry and Minerals, the General Company for Electronic Systems, and meetings were held and a joint report was signed between the two parties, which recommended a diagnostic visit Technical team from the technical team to review and determine the technical requirements of the State Real Estate Department in order to determine the type of system required so that the company can present its commercial technical offer. The State Real Estate Department, the Real Estate Property Inventory Department, inventory and register the state’s real estate in Baghdad and the rest of the provinces, and this matter is considered an initial nucleus for the automation of work in This department and all its branches.  

  

[yota691]

Petroleum products begin to fully automate the distribution sector

• Time: 05/23/2023 08:45:20
•  
• Read: 1,092 times

  

{Economic: Al Furat News} The Oil Products Distribution Company affiliated to the Ministry of Oil announced the start of fully automating the distribution sector.

A statement of the company, which {Euphrates News} received a copy of, stated that "and in the presence of the Undersecretary of the Ministry of Oil for Distribution Affairs, Mr. Laith Al-Shaher, the Petroleum Products Distribution Company has embarked on a project to automate the distribution sector in connection with its work because of the role of automation in improving the quality of service provided to the citizen while preserving the oil product from any manipulate".

Al-Shaher said, "The automation project is a priority project for the Ministry of Oil and the distribution sector in particular," noting that "automation is an integrated government project that targets all sectors.

In addition, the general manager of the Oil Products Distribution Company, Hussein Talib, said that "the company approached the public and private sectors to find out about the studies submitted for the automation project," noting that "the priority is for Iraqi government or private companies, and then the transition to discreet international companies."

Taleb explained that the company has prepared a group of workshops to listen to the presentations of the companies submitted to the project before a specialized committee from the Ministry of Oil and the Studies Authority in the company, stressing that the automation project is part of a large project adopted by the federal government, indicating that the first step was through the use of electronic defense cards when refueling.

[yota691]

Al-Rafidain: Activating electronic payment devices at fuel filling stations

• Time: 05/23/2023 10:27:05
•  
• Read: 1,170 times

  

{Economic: Al Furat News} Al-Rafidain Bank announced the activation of electronic payment devices at fuel filling stations.

And a statement to him, which {Euphrates News} received a copy of, stated that "and based on government directives and instructions of the Central Bank of Iraq in implementing electronic payment tools and reducing the use of cash. Al-Rafidain Bank confirms the activation of the electronic payment service in the fuel filling stations spread on both sides of Karkh and Rusafa, and the collection of amounts through the use of cards Electronic banking through POS devices.

The bank called on its customers who hold MasterCard cards to benefit from this service at fuel filling stations, which is an important step to contribute to spreading electronic culture, leaving cash and preserving funds.

And the Rafidain Bank had announced earlier the success of the experimental launch of the electronic collection system in the two educational departments of Rusafa, the first and the first Karkh, and the General Authority for Taxes.

It is worth noting that Al-Rafidain Bank, in cooperation with the International Smart Card Company, decided to grant (POS) devices to all state institutions and the private sector for free, provide technical and logistical support, supportive software, and train all technical personnel in exchange for (zero) commissions until the end of the year 2023, and the responsibility of the Bank Mesopotamia.

[yota691]

Al-Rafidain announces the activation of electronic payment devices at fuel filling stations

2023-05-23 03:29

 

 

Shafaq News/ The government "Al-Rafidain" Bank announced, on Tuesday, that it had passed the experimental stage and activated electronic payment devices at fuel filling stations, calling on citizens to benefit from this service.

 

He said in a statement, received by Shafaq News Agency, "Based on the government directives and the instructions of the Central Bank of Iraq in implementing electronic payment tools and reducing the use of cash, Al-Rafidain Bank confirms the activation of the electronic payment service in the fuel filling stations spread on both sides of Karkh and Al-Rusafa, and the collection of amounts through the use of electronic bank cards through POS devices. 

 

The bank invited its customers who hold MasterCard cards to benefit from this service at fuel filling stations, which is an important step to contribute to spreading electronic culture, leaving cash and preserving funds. 

 

The bank had announced earlier the success of the experimental launch of the electronic collection system in the two educational departments of Rusafa, First and Karkh, and the General Authority for Taxes.

 

Al-Rafidain Bank, in cooperation with the International Smart Card Company, decided to grant (POS) devices to all state institutions and the private sector for free, provide technical and logistical support, supportive software, and train all technical personnel in exchange for (zero) commissions until the end of the year 2023, and it is the responsibility of Al-Rafidain Bank.

[yota691]

Activating electronic payment devices at fuel filling stations

Economical  2023/05/24

 

 

 Baghdad: morning

 

Yesterday, Tuesday, Al-Rafidain Bank announced that it had passed the experimental stage and activated electronic payment devices at fuel filling stations, calling on citizens to benefit from this service.

And he said in a statement, that, “Based on government directives and the instructions of the Central Bank of Iraq in implementing electronic payment tools and reducing the use of cash, Al-Rafidain Bank confirms the activation of the electronic payment service in the fuel filling stations spread on both sides of Karkh and Rusafa and the collection of amounts through the use of electronic bank cards through POS devices.” « . 

The bank invited its customers who hold MasterCard cards to benefit from this service at fuel filling stations, which is an important step to contribute to spreading electronic culture, leaving cash and preserving funds. 

The bank had announced earlier the success of the experimental launch of the electronic collection system in the first education departments of Rusafa, Karkh Al-Oula and the General Authority for Taxes.

Al-Rafidain Bank, in cooperation with the International Smart Card Company, decided to grant (POS) devices to all state institutions and the private sector for free, provide technical and logistical support, supportive software, and train all technical personnel in exchange for (zero) commissions until the end of the year 2023, and it is the responsibility of Al-Rafidain Bank.

[DWS112]

Passengers And Delegations Sign A Contract To Activate The POS Electronic Payment System

05/24/2023

Earth News / The General Company for the Transport of Passengers and Delegations announced one of the formations of the Ministry of Transport, today Wednesday، On signing a contract to activate the PSO electronic payment system, and the actual work of the system began in the company’s transactions, according to the directives of the Prime Minister, Minister of Transport, Razzak Mohibis Al-Saadawi regarding the implementation of the electronic payment system in the ministry and its formations.

The general manager of the company, Engineer Karim Kazem Hussain, confirmed، In a statement received by Earth News “ Today, a contract was signed to activate the POS electronic payment system with the Iraq Gate Company, one of the specialized companies ( and licensed by the Central Bank ) for the purpose of work and to start applying it in the company's transactions”.

The general manager added that “ the actual operation of the system will actually start from next Friday for the company’s vehicles operating at Baghdad International Airport and within the company’s transactions for financial payment. The system will be applied in general the company’s transactions successively within The company's endeavors to switch from cash payment to electronic payment ”. 

He pointed out that “ working with the electronic payment system comes within the vision and plans put forward by the Iraqi Central Bank for government institutions that contribute to getting rid of the problems of cash dealing and keeping pace with development and also strengthening the national currency compared to foreign currencies”.

 

05/24/2023

Edited May 24, 2023 by DWS112

[utah rock]

I remember hearing a long time back that the RI/RV will most likely happen on a Thursday or Sunday. There were a lot of reasons presented that made sense at the time. 

[Officiallytook]

Banking holiday announcements all over today too lol for Monday, hope these fools mean this Friday..like in 2/3days lol