Central Bank: 14 banks participating in the resettlement process of Iraq's employees' salaries

10-3-2017 Economy News Baghdad:

Central Bank announced that 14 government banks and private and foreigners INVOLVED IN THE RESETTLEMENT OF IRAQI EMPLOYEES’ SALARIES PROCESS.

The central bank said on its website and seen by "Economy News", "contributing to the project localization salaries banks are Rafidain and Rasheed, and the Assyrian International Iraqi trade and international development, industrial and Ceyhan and the National Iraqi and Abu Dhabi Islamic Baghdad, Byblos Bank, the Middle East and the Lebanese dependence and the Gulf."

He added that "This project aims to reform the payment of the staff of institutions and government departments, THE SALARIES OF THE MECHANISM," noting that it "IS ALSO INTENDED TO PAY SALARIES TO STATE EMPLOYESS THROUGH THE CARDS issued by operating in Iraq banks and reduce the total cost of the process of paying salaries AND RETAIN CASH IN THE BANKING SYSTEM.”

He explained, "The dealers benefit with this project in their access to a bank account CAN HANDLE ALL ATMS AND POS TERMINALS INSIDE AND OUTSIDE THE COUNTRY and also benefit from all other banking services offered by banks such as access to loans and others."
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