Dr.. Mustafa Kamel Rashid Banks sought in various countries of the world since the period of time to adapt to the rapid development of information technology in the banking industry, so it has been the invention of bank card for the reduction of many banking services and make users more satisfaction and comfort when used.
Which leads to increase the effectiveness of activities varied banking.
Vtm issuing the plastic card as the first form of bank card and then taken to evolve depending on the developments that have occurred in the quality of banking services, as well as the development in the security field to avoid intrusion, fraud, theft and access to bank accounts operations, even reached modern technology to what is known today as the smart card.
As an electronic chip infinitesimal be deposited in a plastic card is used in order tobenefit from the borrowing and deposit operations , as well as the rest of the services of banking.
Featuring a smart card with many possibilities as speed change of bank balances as well as to change the secret symbol and ease of withdrawal of the usual cash, in order to utilize them in the completion of the purchase and sale of ordinary transactions in the markets and trade deals in the business world of high easily and safely through electronic sales outlets known as (POSs ), which are in the form of a special device Smart diffuse in all commercial centers cards and institutions.
So it took smart cards spread spectacularly across the world because of its success in the reduction of many credit activities and provided many advantages in the local daily transactions and international.
Tried many Iraqi banks in the recent use of smart card banking transactions were contracted with a number of smart card companies in the world such as Albzenz card and Visa card and ironing card … etc., but it is striking that the product ironing card company is the most prevalent in among the population of retirees and employees, and this confirms the fact that this company well received among the public and private institutions in Iraq because of the company ‘s efficiency in attracting customers
as well as the establishment of data with public institutions base in order to facilitate the flow of cash between banking institutions and , in fact , should t Diversification of smart cards companies in order to create a competitive environment that is working to provide better services to customers.
The idea of using the smart card is in order not made using liquid cash directly in the completion of daily transactions only through them, ie they act on behalf of the use of money that can be difficult to carry and promise as well as the risks involved.
Thus , the smart card has provided the time, effort and cost of all client parties and this is the best use of it, but that what is happening today in Iraq is the most smart card users Ptnqad balance that it contains the card in order to complete the daily dealings of individuals, and this is to use non – optimal for those card Perhaps the blame rests not with the customer only because it is not familiar with the importance and uses of that card,
but there is a failure by most of the banking institutions in adopting continuous awareness campaigns through the media channels of the importance of the use of the smart card and what is the best use of it, as well as Presbyopia The spread of electronic sales points in most commercial centers, which led the final outcome to the indifference of individuals in the use of the card
Consultant Abadi: Claims cut government dinar enter the country with 3 destructive crises 20-05-2017
Description of the appearance of Mohammed Saleh Financial Advisor to the Prime Minister Haider al –Abadi reduced the value of the Iraqi dinar zero rate against the US dollar that has devastating consequences that will deepen the financial crisis experienced by the country as a result of lower oil price in the global markets.
Saleh pointed out in a press statement in response to the claims of the government tradition to reduce the value of the dinar, saying he ‘Unfortunately there are actors and personalities working to promote the idea of the deterioration of the exchange rate of the Iraqi dinar and the events of the deterioration in the standard of living and Serb stability in order to impose a monetary tax urgently affecting all segments of the people which inflation and events deliberate deterioration of the standard of living in order to conquer some of the state deficit without considering the management of revenues from outside oil revenues.
He noted that the reduction of the Iraqi currency by reducing the exchange rate of the dinar against the dollar , for example , will add the results of the destructive effect of a negative in the deepening impact of the financial crisis, a new crisis – strong inflation in the general level of prices and generates inevitably recession inflationary, exacerbating the general economic situation and common discontent is intended at the time of fighting the war on terror , and we desperately need the elements of economic stability.
He said the devaluation of the dinar will enter the country with three crises: a financial crisis does not resolve tactics rapid monetary policy such as reducing the Iraqi dinar exchange rate will also like the dollar campaign and the pioneers of dollarization and Moktnzih of the wealthy who are speculating strongly the people and the misery of the poor and low – income and second price inflation and the deterioration caused by the economic stability crisis the deterioration of stability over the foreign currency and reduce the purchasing power of pensions and incomes of citizens exchange rate
because of inflationary expectations and broadcast state of uncertainty and lack of confidence in Iraqi dinars and the third security crisis due to terrorism and the war on Daesh. Valkhasr is the winner of the people and reduce the dinar and the dollar are the richest terrorism.
He concluded by saying that he did not forget that inflation in Daesh areas and high rates of price inflation there to three decimal places and the deterioration of the standard of living has precipitated victory over the stability of the standard of living in the rest of Iraq. It is a smart economic warfare practiced by the economic leadership in the victory soon.
Oil-producing countries yet to address their gas flaring may begin to feel there are no more excuses.
In a remarkable and bold decision, the government of Iraq recently endorsed the “Zero Routine Flaring by 2030” Initiative, (ZRF), which means the country has committed to not routinely flare associated gas in any new oil fields and will work to end routine flaring in existing oil fields as soon as possible and no later than 2030.
Launched in 2015 by UN Secretary-General Ban Ki-moon and World Bank President Jim Yong Kim, the ZRF Initiative is designed to end a 150-year-old oil industry practice that is responsible for emitting more than 300 million tons of CO2 into the atmosphere.
Gas flaring also wastes a valuable source of energy that could be put to productive use, particularly in countries where many people lack access to electricity.
“Even in the most difficult circumstances we recognize that Iraq must ensure its resources are managed sustainably for future generations. Flaring is not only bad for the environment, it represents several billion dinars going up in smoke.”
— Dr. Hamed Younis Saleh, Deputy Minister of Oil for Gas Affairs
The latest satellite data released by the US National Oceanic & Atmospheric Administration and the World Bank-led Global Gas Flaring Reduction Partnership (GGFR) shows that Iraq’s gas flaring has increased dramatically. Just four years ago the country was flaring about 12 bcm of gas annually. However, in 2015 the country flared close to 16 bcm, making it the second-largest gas flaring country in the world.