What is the importance of introducing a comprehensive banking system in ports?

[RJG]

What is the importance of introducing a comprehensive banking system in ports?

 

 

Sweeteners

   

 

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Economy News - Baghdad

Today, Wednesday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, explained the importance of introducing the comprehensive banking system at the ports, while indicating that this system is a positive integration with the automation policy.

Saleh told the official agency, followed by “Al-Eqtisad News,” that “Rafidain Bank is one of the largest Iraqi government commercial banks in terms of the weight of its assets and operations, and it dominates nearly half of the assets of the Iraqi banking market,” noting that “the entry into the comprehensive banking system through the branches of Rafidain Bank in the country’s outlets.” Border (sea, air and land) is a positive integration with the current port and customs automation policy.”

He added, "The comprehensive banking system provides an important auxiliary tool for the banking system to enhance government cash flows immediately by collecting government levies, especially from various services or customs duties in the country's border regions."

Saleh continued, “Activating the comprehensive banking system of Rafidain Bank in its border branches, as it is a system for digital networking of banking operations between the center and the branches, and at the same time is an important enhancement to the implementation of the strategy of proceeding with the unified treasury account, which provides high governance, in knowledge and transparency of the flow of government revenues, and strengthens At the same time, the movement of government cash flow budgets is regular.”

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Views 124

Added 03/13/2024 - 10:30 AM

https://economy-news.net/content.php?id=41432

[horsesoldier]

I'm sure when they discover that answer they'll let us know. Still vague owing to the fact that criminals be in charge and stuff. 

No doubt they're figuring out ways to get around all this: cuz doing things illegally is just so much more fun.

[bkeiller]

1 hour ago, horsesoldier said:

I'm sure when they discover that answer they'll let us know. Still vague owing to the fact that criminals be in charge and stuff. 

No doubt they're figuring out ways to get around all this: cuz doing things illegally is just so much more fun.

 

Fun = tax free $$$, power and influence.

[horsesoldier]

This sounds like a Jeopardy question with "What Is" ...