Economist: Switching to electronic cards will allow the Central Bank to track the movement of the dinar

[RJG]

Economist: Switching to electronic cards will allow the Central Bank to track the movement of the dinar
 
Information / Baghdad...
 
Economic expert, Safwan Qusay, confirmed on Tuesday that the
 
shift towards adopting electronic cards in financial transactions will allow the Central Bank to track the movement of the dinar, pointing out that
 
working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes. Qusay told Al-Maalouma,
 
 “The Central Bank will be able to track the movement of the dinar through the Ministry of Oil’s procedures to activate electronic cards at fuel filling stations, as well as reduce cases of corruption that may occur when supplying generator owners with kerosene.” He added,
 
"The more federal ministries expand their procedures to shift toward electronic cards in financial transactions,
 
the more they will be able to convert transactions from paper dinars to electronic ones that go directly into the banking system." He stated that
 
"working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies.
 
It will be placed in the banking system and re-injected in the form of projects and job opportunities." Ended 25 n
 
https://almaalomah.me/news/49118/economy/خبير-اقتصادي:-التحول-للبطاقات-الالكترونية-سيتيح-للبنك-المركز

[Laid Back]

“working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes”

 

“working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies.”

 

Bring your chunky cash > Open an account > Get a card.

 

- This will help to bring back the chunky cash to the banking system 

- Less cash in circulation 

- Boost liquidity 

- Create confidence in the banking system 

Go CBI 

Go e-banking 

Go e- card

Go Stronger dinar

 

 

 

[Officiallytook]

3 hours ago, Laid Back said:

“working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes”

 

“working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies.”

 

Bring your chunky cash > Open an account > Get a card.

 

- This will help to bring back the chunky cash to the banking system 

- Less cash in circulation 

- Boost liquidity 

- Create confidence in the banking system 

Go CBI 

Go e-banking 

Go e- card

Go Stronger dinar

 

 

 

Oh LB, I'm  

[currenzcraze]

9 hours ago, Laid Back said:

“working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes”

 

“working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies.”

 

Bring your chunky cash > Open an account > Get a card.

 

- This will help to bring back the chunky cash to the banking system 

- Less cash in circulation 

- Boost liquidity 

- Create confidence in the banking system 

Go CBI 

Go e-banking 

Go e- card

Go Stronger dinar

 

 

 

If they want my chunky cask they can have it when they raise the value.

[Half Crazy Runner]

10 hours ago, Officiallytook said:

Oh LB, I'm  

Same here! 🙏🏻

[3n1]

give the iqd purchasing power set it equal or above the USD value , give the citizens a exchange period time frame and all that iqd outside the banking system in iraq will be turned in the citizens need more than a promise and a free toaster to gain confidence .... we wait   

[horsesoldier]

1 hour ago, 3n1 said:

give the iqd purchasing power set it equal or above the USD value , give the citizens a exchange period time frame and all that iqd outside the banking system in iraq will be turned in the citizens need more than a promise and a free toaster to gain confidence .... we wait   

Free Toaster, I'll be lucky to get a free Hood pic...🤣

[horsesoldier]

On 12/7/2023 at 1:23 PM, horsesoldier said:

Free Toaster, I'll be lucky to get a free Hood pic...🤣

I MEAN HOOF PIC !!! Me and my fat fingers 🤣

[new york kevin]

It will also regulate black market influences. A good chunks worth, I think.

[RJG]

Al-Rasheed activates the electronic payment card at gas stations for employees and retirees

• Time: 12/12/2023 09:50:59
•  
• Read: 1,846 times

  

{Economic: Al-Furat News} Al-Rasheed Bank announced, today, Tuesday, the availability of the possibility of using the Nakheel card to pay fuel fees at all stations, in addition to the possibility of shopping.

The bank's media office stated in a statement received by {Al-Furat News}, "This service is available and can be used by employees and retirees who hold Nakheel cards." 

He added, "This step complemented the procedures that the bank had begun to activate electronic payment, which were directed by the Prime Minister." 

 

https://alforatnews.iq/news/الرشيد-يفعل-بطاقة-الدفع-الإلكتروني-في-محطات-الوقود-للموظّفين-والمتقاعدين

[new york kevin]

Another bigly step in the right direction.

[RJG]

Economy

Al-Rafidain confirms the continuation of opening bank accounts and issuing electronic cards

• Today 09:13

 

Information/Baghdad..
Today, Friday, Rafidain Bank announced the continuation of opening bank accounts and issuing electronic cards.
A brief statement from the bank, received by the “Information” agency, stated that “the bank continues to open bank accounts and issue electronic cards within the plan to implement electronic payment and electronic collection of taxes.”
These measures fall within the government’s endeavor to convert internal cash transactions to electronic payment via financial cards. Ended 
https://almaalomah.me/news/50131/economy/%D8%A7%D9%84%D8%B1%D8%A7%D9%81%D8%AF%D9%8A%D9%86-%D9%8A%D8%A4%D9%83%D8%AF-%D8%A7%D8%B3%D8%AA%D9%85%D8%B1%D8%A7%D8%B1-%D9%81%D8%AA%D8%AD-%D8%A7%D9%84%D8%AD%D8%B3%D8%A7%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A%D8%A9-%D9%88%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%A7%D9%84%D8%A8%D8%B7%D8%A7%D9%82%D8%A7%D8%AA