PM's advisor highlights the significance of setting up a comprehensive banking system at ports

INA-  Baghdad

Midhar Mohammed Saleh, the prime minister's advisor on financial affairs, stressed the value of the comprehensive banking system's introduction at the ports on Wednesday, pointing out that it integrates well with the automation policy.
 
Saleh said to the Iraqi News Agency (INA): "The introduction of the comprehensive banking system in the branches of Rafidain Bank at the country's border ports (sea, air, and land) is a positive integration with the policy of automating ports and customs currently." Rafidain Bank is one of the largest commercial government banks in Iraq based on the weight of its assets and operations, and it dominates nearly half of the assets of the banking market in Iraq.

 
"The banking system's ability to collect government levies, particularly customs duties in border areas or various services, instantly boosts government cash flows thanks to the comprehensive banking system," Saleh stated.
 
 
"At the same time, it is an important enhancement of the implementation of the strategy of proceeding with the unified treasury account, which provides high governance, knowledge and transparency of the flow of government revenues, and at the same time strengthens the regularity of the movement of the government cash flow budget," Saleh continued. "Activating the comprehensive banking system of Rafidain Bank in its border branches, as it is a digital networking system for banking operations between the center and the branches."