Al-Sudani discusses digital payment fees with central bank
BAGHDAD, January 28 — Prime Minister Mohammed Shia’ Al-Sudani chaired a meeting on Sunday with the Central Bank governor and government bank leaders to discuss transaction fees associated with digital payment systems.
Personal banking and digital payments often come with high fees in Iraq’s nascent banking industry.
Prime Minister Mohammed S. Al-Sudani held a meeting focused on finalizing government procedures for the transition to electronic payments. The session included the Central Bank Governor, advisors to the Prime Minister for strategic, economic, and banking affairs, the a Director General at the Central Bank, and directors of several governmental banks.
During the meeting, the discussion revolved around mechanisms to financially protect citizens and uphold their rights. Prime Minister Al-Sudani emphasized that individuals utilizing electronic payments should not face any additional financial burdens, fees, or charges, particularly in everyday transactions.
Prime Minister Al-Sudani underscored the significance of expediting the transition to electronic card payments across both public and private sector institutions. The meeting delved into the discussion of the charges by banking institutions, aligning with the government’s objectives to reform the financial and banking sectors.
Media Office of the Prime Minister
January 28, 2024