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Central Bank announces the launch of the National Payments Council

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Central Bank announces the launch of the National Payments Council

Unread postby admin » Mon Jun 04, 2018 8:41 am

Central Bank announces the launch of the National Payments Council

2018-06-04 at 17:39 (Baghdad time)

Central Bank announces the launch of the National Payments Council

BAGHDAD - The balance of News
announced that the Central Bank of Iraq, Monday, the start of the National Council of payments , which includes membership ( the Central Bank of Iraq, government banks, the Iraqi Association of private banks, electronic payment companies, representatives of the security services, and the Iraqi Stock Exchange and the Media and Communication and Ministry of Finance) .
"The governor of the Central Bank of Iraq, Ali Mohsen Ismail,presided over the first meeting of the National Payments Council, which includes its members (the Central Bank of Iraq, government banks, the Association of Iraqi private banks, electronic payment companies and representatives of the security services). The Iraqi Stock Exchange, the Information and Communication Authority and the Ministry of Finance).
"This council is important to build a close relationship between stakeholders with the financial and banking sectors," said Central Bank Governor Ali Mohsen Ismail. "The council has not started until the basic infrastructure for building the technical and legal infrastructure of the payment systems in Iraq is available."
"The council will be the guide that evaluates and monitors the payment systems through the participation of visions and proposals by members of the council," Ismail said.
For their part, the members of the Council blessed the "start of its work", expecting "to contribute to support electronic payment projects by drawing up a national strategy for payments and overcoming the obstacles facing the work of the beneficiaries of these systems."
"The meeting hosted a representative from the World Bank in which the National Payments Board is an advanced step, especially as 40% of the central banks in the world have established payment boards in their countries. End n / a

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