CBI News 06/14/2018

[yota691]

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

  

 June 14, 2018

 

The Central Bank of Iraq decided to allow citizens to withdraw cash from the 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.

This bank explains that cash withdrawals are made by authorized agents or 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 and periodically adopting procedures to ensure compliance with AML laws and financing Terrorism and electronic payment system.

The bank has set the ceiling for customers to withdraw 2 million dinars per day. The percentage of the commission is not less than (0.006) during the day and the commission should not be less than (2000) (2,000 dinars) and must be visible in the tape to the customer.

The bank also wishes to clarify that all cards (Key Card, MasterCard, Visa Card) are in accordance with this procedure.

[yota691]

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

 

Banks 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. Views 45   Date Added 06/14/2018

[blueskyline]

Thank You Yota . GM DV's .... looks like we have gone from seeking "security and stability" .......the strategic plan of this bank to switch to electronic payment in a "sound and orderly environment.".............

[yota691]

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

 

Thursday, June 14,

 

 

 

Alsumaria News / Baghdad's central bank announced on Thursday, allowing citizens to withdraw cash from POS deployed when agents of electronic payment and traders companies in the market, noting that the roof Shbh customers have increased by 2 million dinars per day, that does not exceed the commission completed percentage (.006 ) During the day.  The bank said in a statement received by Alsumaria News that it decided to "allow citizens to withdraw cash from points of sale deployed at the agents of electronic payment companies and traders in the Iraqi markets," noting that "this comes to organize electronic payments and within the strategic plan of this bank to switch to electronic payment In a sound and orderly environment. "     He explained that "cash withdrawals are made by authorized agents or dealers contracted by electronic payment companies to provide various services, including cash withdrawals, provided that the bank is provided with an updated register of their names and periodically adopting procedures to ensure compliance with the laws and combating money laundering Terrorism financing and electronic payment services. "  He added that "the ceiling of the customer's cloud was set at 2 million dinars per day and the percentage of the commission is 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," noting that " (Key Card, Master Card, Visa Card) will do the same. "

[yota691]

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

 2018-06-14 09:04:43

The Central Bank announced on Thursday that citizens will be allowed to withdraw cash from the points of sale distributed by the agents of the electronic payment companies and traders in the markets, indicating that the customer's ceiling is 2 million dinars per day, provided that the commission rate does not exceed (0.006) during the day.

The bank said in a statement that it decided to "allow citizens to withdraw cash from points of sale deployed at the agents of electronic payment companies and traders in the Iraqi markets," noting that "this comes to organize electronic payments and within the strategic plan of this bank to switch to electronic payment in a sound environment and organization" . 
  
He explained that "cash withdrawals are made by authorized agents or dealers contracted by electronic payment companies to provide various services, including cash withdrawals, provided that the bank is provided with an updated register of their names and periodically adopting procedures to ensure compliance with the laws and combating money laundering Terrorism financing and electronic payment services. "

He added that "the ceiling of the customer's cloud was set at 2 million dinars per day and the percentage of the commission is 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," noting that " (Key Card, Master Card, Visa Card) will do the same. 

[Butifldrm]

The economy of
the Central Bank allows the withdrawal of cash from the payment companies and traders in the Iraqi markets

 

 Twilight News    

 3 hours ago

 

The Central Bank of Iraq decided on Thursday to allow cash withdrawals from points of sale deployed by the agents of electronic payment companies and traders in the Iraqi market, and this is in order to organize electronic payments 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 to Ashqaf News that cash withdrawals are carried out by authorized agents or 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 and periodically adopting procedures to ensure their compliance To the laws and the fight against money laundering and terrorism financing and the system of electronic payment services.

The bank has set the ceiling for customers to withdraw 2 million dinars per day. The percentage of the commission is not to exceed (0.006) during the day and the commission should not be less than two thousand dinars and should be visible in the tape to the customer.

The bank said in its statement that all cards (Key Card, MasterCard, Visa Card) are operating according to this procedure.

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/61b07e35-fc40-4c35-89d8-5ad2fc7b1d40

[Big_J]

GM ALL OF DV.

[mr.unlikely]

Okay so much for “the ATM’s only work with the lower denominations “. More guru poopoo with no merit. However I do think IMO that it is yet another step in the right direction.

[pokerplayer]

 

 

 

June 14, 2018


The Central Bank of Iraq decided to allow citizens to withdraw cash from the 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.

This bank explains that cash withdrawals are made by authorized agents or 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 and periodically adopting procedures to ensure compliance with AML laws and financing Terrorism and electronic payment system.

The bank has set the ceiling for customers to withdraw 2 million dinars per day. The percentage of the commission is not less than (0.006) during the day and the commission should not be less than (2000) (2,000 dinars) and must be visible in the tape to the customer.

The bank also wishes to clarify that all cards (Key Card, MasterCard, Visa Card) are in accordance with this procedure.

https://cbi.iq/news/view/735

[Officiallytook]

5 hours ago, blueskyline said:

Thank You Yota . GM DV's .... looks like we have gone from seeking "security and stability" .......the strategic plan of this bank to switch to electronic payment in a "sound and orderly environment.".............

Stability...almost time

[Laid Back]

- They are talking about withdraw money from a POS "point of sale" not an ATM

- Cash withdrawals are made by authorized agents or dealers contracted by electronic payment companies to provide various services.

- 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 also wishes to clarify that all cards (Key Card, MasterCard, Visa Card) are in accordance with this procedure.
 

 

From a cash society to an electronic society ...... The banking system continues moving forward.

 

Go CBI

Go new monetary policy

Go RV

Go $1:1

 

[skeetdog]

Thanks Yota...The thing that hit me first...this creates liquidity in their domestic markets for the dinar...The demand for the physical dinar to replace the dollar on the streets is where the CBI can prepare to deal with their own sovereign currency...imho 

[fnbplanet]

It will also take some pressure off of the lines at the ATMs, if they can get some walking around money at Habib's smoke shop.  Once they get the masses enrolled at the banks, the ATMs will be very popular, and there aren't enough of them for 35 million Iraqis.

[6ly410]

[steveh12]

Will they accept " American Disstress? '