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

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

Post  RamblerNash on Thu Jun 14, 2018 9:46 am

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



06/14/2018

Economy News _ Baghdad

The Central Bank decided on Thursday to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and merchants in the markets. This is in order 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 statement received by Al-Iktissad News that "cash withdrawals are carried out by agents or authorized dealers who are contracted by the electronic payment companies to provide various services including cash withdrawals provided that the bank is provided with an updated register including their names, Which ensures their compliance with anti-money laundering and terrorism financing laws and the electronic payment service system. "

He added that "the ceiling of customers' lien by 2 million dinars per day and the proportion of commission updated 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."

"All cards (Key Card, Master Card, Visa Card) work according to this procedure," the statement said.

http://economy-news.net/content.php?id=12647
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Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

Post  clyde b on Thu Jun 14, 2018 2:01 pm

FOR US,IT DONT-https://www.youtube.com/watch?v=kxfMRhyzu3g

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

Post  RamblerNash on Thu Jun 14, 2018 9:44 pm

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

2018/6/14 10:09



(Baghdad: Al Furat News) The Central Bank of Iraq decided to allow citizens 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 accredited contracted 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

http://alforatnews.com/modules/news/article.php?storyid=167004
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