Friday, August 17th, 2012 18:35
Central Bank seeks to activate the automated systems for electronic card

BAGHDAD / Baghdadiya News / .. said the Iraqi Central Bank, on Friday, seeking to activate the activation of automation systems for electronic card to reduce the use of cash wholesale within the country.
The Deputy Governor of the Central Bank of Iraq the appearance of Mohammed Saleh told / Baghdadiya News /, said that "there are efforts from the central bank and the Ministry of Communications and assist the U.S. Agency for Petroleum Exporting to Tefial automation system card electronic in order to maintain more liquidity in bank accounts, especially that Iraq possessed one of the most sophisticated electronic payment systems in the world which is the system responsible for the exchange of payment orders between banks and automatically using a network safe and effective. "
He added that "the success of the automation project need sophisticated infrastructure and networking of information and banking, which is called" split national "high-tech as well as to provide continuous supply of electricity," he expected to complete the project within a year and text the year. "
The central bank said earlier that "the proposed divider or national retail payment system is one of the fundamentals of the financial infrastructure of the new Iraq."