National Payments Council

June 05, 2018


The governor of the Central Bank of Iraq, Ali Mohsen Ismail, the first meeting of the National Payments Council, which includes its membership (the Central Bank of Iraq and government banks and the Association of Iraqi private banks and electronic payment companies and representatives of the security services and the Iraqi market for securities and the media and communication and the Ministry of Finance.

The Iraqi Central Bank confirms in a statement that at the opening the governor stressed the importance of this Council to build a strong relationship between stakeholders with the financial sector and banking, pointing out that the sovereignty did not start only after the availability of the basic rule to build the technical infrastructure and legal systems of payments in Iraq.

The governor said that the council will be the guide to monitor and monitor the payment systems through the participation of visions and proposals by the members of the Council.

Members of the Board of Directors also welcomed the start of its work, expected to contribute to the support of electronic payment projects by drawing up a national strategy for payments and overcoming the obstacles facing the work of the beneficiaries of these systems.

A representative of the World Bank was hosted at the meeting, which indicated that the National Payments Board is an advanced step, especially as 40% of the world's central banks have established payment boards in their countries and expects to contribute to Iraq's payment systems.


https://cbi.iq/news/view/712