The value of salaries transferred by the wages protection system has reached about 901 billion dirhams during the past four years, according to what the Financial Stability Report issued by the Emirates Central Bank for the year 2019 shows.

The central bank operated the wage protection system during the year 2009, through which it provided a safe and effective way to transfer employee wages on time. It is a system available to banks and exchange houses licensed by the central bank.
Among the most important advantages of the system is to save time and effort in the way of paying wages, in addition to enhancing employee productivity, in addition to his great role in ensuring that wages are paid regularly.
It is clear from the figures issued by the Emirates Central Bank, during the past years, a great development in the value of salaries transferred through the system, which reflects the effectiveness of the system, which contributed to increasing confidence between all the parties to work.
During the year 2019, the value of salaries transferred through the wages protection system reached about 240 billion dirhams, an increase of approximately 3.9%, compared to 231 billion dirhams in 2018.
The value of salaries transferred through the system amounted to 219 billion dirhams during the year 2017 according to figures issued by the Emirates Central Bank compared to 211 billion dirhams in the year 2016. It
is noteworthy that the protection system gives the employer the right to choose one or more agents who have a license The central bank to participate in this service, whereby the bank accredited to the establishment sends salary notice data to the "wages protection system" upon receipt, so that the system sends workers data, wages and financial instructions electronically to the central bank, which audits them before instructing them to pay them.

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