Uncategorized

The Central Bank allows cash withdrawals from points of sale and determines the commission rate

The Central Bank allows cash withdrawals from points of sale and determines the commission rate

 
 
 
 
The Central Bank of Iraq decided to allowcitizens to withdraw cash from points of sale deployed at the agents of electronic payment companies and traders in the Iraqi market, and this is to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment.
The bank said in a press statement received by the agency {Euphrates News} a copy today that “the withdrawal of cash is through agents or dealers accreditedcontracted by the payment companies to provide electronic services, including cash withdrawal provided that the bank is provided with an updated record includes their names And the adoption of procedures to ensure compliance with the laws and the fight against money laundering and the financing of terrorism and the system of electronic payment services.
The bank has set a limit of 2 million dinars for the customers per day and the percentage of the commission is not exceeding (0.006) during the day, and the commission should not be less than two thousand dinars and must be visible in the tape to the customer.
“He explained that” all cards type { , MasterCard, Visa Card} works according to this procedure. “Done
Source: alforatnews