CBI launches the electronic collection project for the housing fund

In coincide with the move to support the e-government program, the Central Bank of Iraq announces the launch of the electronic collection project, which can contribute to strengthening government resources and collecting them in a safe and transparent environment, by relying on the infrastructure of payment systems and electronic payment platforms provided by the Central Bank and its authorized payment service providers. This project generally targets ministries and collection departments that collect their revenues through bills and fees, on top of which is the Iraqi Housing Fund.

This project will enable the Housing Fund to automate all lending processes, adopt electronic payment tools and cancel cash transactions, which in turn will help alleviate the burden of borrowing citizens by speeding up the completion of transactions and using payment platforms instead of coming to the headquarters of the Housing Fund. The project included a timetable to include all its branches in the governorates in the collection project until the end of 2021.

 

Central Bank of Iraq

Media Office

28/11/2020