On Sunday, the Iraqi Prime Minister Muhammad Shiaa Al-Sudani led a special meeting to oversee the implementation of the unified treasury account. He emphasized the importance of encouraging citizens to use electronic payment methods.
In a statement received by us, it was announced that Al-Sudani chaired a meeting to discuss and follow up on the implementation of the unified treasury account. The meeting also addressed the completion of electronic card/POS payment points and incentives that could be provided to encourage citizens to use electronic payment methods. The aim is to facilitate the process for citizens and make the transition to electronic payments smoother.
During a meeting, Al-Sudani was presented with a detailed overview of the measures implemented to achieve progress, along with the requirements and obstacles. He emphasized the importance of consistent communication with technicians and specialists to overcome any challenges. The government prioritizes these financial, banking, and economic reform measures in its program.
In early June of last year, the Central Bank of Iraq announced that Council of Ministers Resolution No. (23044) for the year 2023 had been put into effect. The resolution aimed to promote the use of electronic payment devices (POS) in both government institutions and the private sector. This would encourage the adoption of electronic payment and collection methods, while also reducing the reliance on paper money for transactions and commerce.
