The Ministerial Council for Economy: Using e-payment for all economic activities

INA - BAGHDAD

The Ministerial Council for the Economy discussed, on Monday, the use of electronic payment for all economic activities in the country.

Deputy PM and Minister of Foreign Affairs Fuad Hussein chaired the thirty-ninth session of the Ministerial Council for the Economy, which was held in the Council building, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture, Trade, Labor and Social Affairs, the Secretary-General of the Cabinet, the Governor of the Central Bank of Iraq, the Deputy Chairman of the National Investment Commission, and the PM's Advisors for Economic and Legal Affairs, according to the media office of the Ministerial Council for the Economy in a statement - received by the Iraqi News Agency - INA.

The statement added that "the Council discussed the items on its agenda and took the necessary decisions regarding them."

The Council hosted "the Director General of Payments at the Central Bank of Iraq to discuss and evaluate the mechanisms for implementing the Cabinet's decision to move towards using electronic payment instead of cash for all state institutions, public and private sectors, in addition to that, to study and expand this experience to include all economic activities throughout Iraq."

The Council also discussed "the working paper submitted by some members of the Council on the financial and monetary policy in Iraq and the means to develop the economy, maximize revenues, and take the necessary measures to confront economic challenges, in light of the political changes witnessed by the region, by diversifying sources of income and not relying entirely on oil imports, for the sake of stability and sustainability of the economy in Iraq."