Al-Sudani discusses unified treasury account and electronic payment system

BAGHDAD, October 22 — The Prime Minister, Mohammed Shiaa Al-Sudani, held a meeting on Sunday to discuss the completion of the Unified Treasury Account and the Electronic Payment System (POS). The meeting was attended by the Minister of Finance, the Central Bank Governor, and several government officials.

During the meeting, they reviewed the progress in implementing the Unified Treasury Account and the deployment of the electronic card payment system (POS). They also discussed the challenges facing public and private sector institutions and electronic payment companies.

The meeting also addressed the incentives and facilities that could be provided to citizens and user entities to encourage electronic payments. The Prime Minister stressed the importance of prioritizing the goal of supporting the public sector and identifying any underperforming entities.

Furthermore, the meeting approved a report containing several recommendations, which will be presented to the Council of Ministers. The Prime Minister also emphasized the activation of the Payment Council’s tasks within the Central Bank and the need to submit a final report on the accomplishments for presentation at a Cabinet meeting.

Regarding the completion of the Unified Treasury Account, the Prime Minister instructed all ministries to implement the fourth paragraph of Cabinet Resolution No. 3581 of 2023 and accelerate the formation of committees to analyze the non-operational bank accounts for each ministry within one month.