Mid-January .. Iraq Applies The Electronic Payment System, Exporters And Importers

On December 31, 2020

The Independent / – The Iraqi government will start implementing the electronic payment system for exporters and importers, as of mid-January.

The director of the General Company for Iraqi Fairs and Commercial Services, Sarmad Taha Saeed, told the Iraqi News Agency “INA” that the company has signed a contract with the Central Bank regarding electronic payment, as it will be the middle of next month to implement the electronic payment system, which will allow exporters and importers to pay with any card Available.

He added that “attractive offers were made to the exporters, by giving 10% of the invoice value free of charge, in support of the Iraqi exporter, as our goal is not only to export, but to be the transfer in Iraqi banks, and to provide hard currency.”

He pointed out that “the Council of Ministers previously issued a decision to make the export absolute, but we were surprised to stop exporting most of the materials due to the existence of laws that contradict the decision.”

He explained that “when traders started exporting, they were surprised to stop exporting gravel, aluminum products, etc., as we must obtain sectoral approvals, after which export is allowed.”



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