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This is a system of paying Iraqis locally and overseas. It is not new as this article is dated 09/04/2008. http://www.globalsmart.com/Iraqi%20Government%20Net1s%20UEPS%20Technology This is from Wikipedia: Qi Card From Wikipedia, the free encyclopedia Jump to: navigation, search The Qi Card is an Iraqi debit card and is the national credit card of Iraq. It is pronounced as 'key', and it is the reversed form of iq, the code for Iraq. History Iraq's two biggest state-owned banks, Rafidain Bank and Rasheed Bank, together with the Iraqi Electronic Payment System (IEPS) have established a company called International Smart Card, which have developed a national credit card called 'Qi Card'. The card is issued since 2008. According to the company's website: 'after less than two years of the initial launch of the Qi card solution, we have hit 1.6 million cardholder with the potential to issue 2 million cards by the end of 2010, issuing about 100,000 card monthly is a testament to the huge success of the Qi card solution. Parallel to this will be the expansion into retail stores through a network of points of sales of about 30,000 units by 2015. QI card is similar to other credit cards recognized worldwide with essential difference that the smart card deals with balances without direct contact with the server which is called (offline) to facilitate business in regions of no good telecommunication networks . It sounds like from the translation on facebook that they are issuing new ones and the old ones are only good through 2012. Just a guess.

Did not see where this had been posted on the forum. Really interesting. Iraq Seeking Currency Expert Currency Redenomination Advisor/Consultant in Ankara, Turkey On behalf of The U.S. Treasury Department, Metrica, Inc. is recruiting an adviser who is required to provide technical assistance to the Central Bank of Iraq (CBI) on physical features of their new redenominated currency. After many challenges, the CBI has succeeded in achieving monetary stability in Iraq and intends to celebrate this accomplishment by removing three zeros from its currency, so that 1.17 redenominated dinars will be worth one USD instead of the current 1,170 Iraqi dinars being worth one USD. This also occurs at a time when the existing stock of dinars is old and in need of being replaced. Expertise is needed to assist the CBI in selecting the size dimensions and especially the security features of the new currency. Counterfeiting has been a longstanding problem facing Iraq. Meanwhile, rapid technical change has resulted in many improvements in the security features available for bank notes. The adviser must have experience in these areas and be on top of the current state of bank note security issues. The adviser should also be very knowledgeable in the area of bank note costs to assist the CBI in achieving the most cost-effective features of the new bank notes and to be able to evaluate proposals submitted to the CBI by global currency printers. Location: Ankara, Turkey Compensation: Based on Experience Principals only. Recruiters, please don’t contact this job poster. Please, no phone calls about this job! Please do not contact job poster about other services, products or commercial interests.