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Economist: don't adopt the online payment by Iraq because of "the conviction of the people"

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Thursday 16 February 2017 | 12:07 pm
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Economist: don't adopt the online payment by Iraq because of "the conviction of the people"

Baghdad/. Economic expert explained pretty name Antoine, Thursday, there is no dependence on electronic payment to Iraq because of the difficulty of convincing the Iraqi people to change, with the Iraqi people do not trust online payment and he trusts to pay cash only,

he stressed the importance of the role of banks on education payment for the substantial benefits to the economy.

Antoine "into Iraq News", that "there is no provision for payment to Iraq because of the difficulty of persuading the Iraqi people to change," indicating that

"the Iraqi people do not trust online payment and he trusts in cash only and is also distrusted banks and so we find that 75% of coins found in the houses, not the banks."

The Economist said that "there are steps began to activate this side by giving some employees salaries through electronic payment and we stress the importance of the role of electronic education to pay banks for its great benefits to the economy by strengthening citizen confidence", noting that

"electronic payment would reduce currency fraud and facilitate trading operations and is a fundamental pillar of the economic systems."

The CBI had decided Tuesday (December 27, 2016), relieving customers of banks and State banks from using electronic points of sale spread throughout the country.

And the Central Bank said in a statement it had received "Iraq News", that "to promote a culture of electronic payment system and switch from cash to electronic transfers in different financial operations as well as to encourage citizens to adopt modern methods of electronic point of sale (POS), Iraqi Central Bank decided that the customer does not bear any fees when you use electronic POS scattered across Iraq.

The Iraqi Central Bank is responsible for maintaining price stability and monetary policy implementation, including exchange rate policies and being daily sessions for buying and selling currencies.
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