Vice Chairman of the Committee of Finance: credit card need to work in all Iraqi banks

[alan_coaks_3]

5 - 2 - 2012

Baghdad (news) .. The Deputy Chairman of the Finance Committee MP / Kurdish coalition blocs / Ahmed Hassan Faizullah, the need to work in the credit card all banks two branches the Iraqi public and private, to facilitate the financial matters for the citizens.

The flood of God (the Agency news): The work credit card in Iraqi banks is a phenomenon of civilization followed in most international banks to facilitate financial transactions for citizens, pointing out that most international banks began to use these new technologies, but Iraq, as it still lacks the levels of awareness needed to understand how to work these modern phenomena.

And: that the work of these techniques needs to be awareness and educational programs to citizens by targeting layers of Education and farmers through the dissemination of education programs and how to use modern scientific techniques used in the world, as happened in South Korea.

And credit card banking are given from which the source Kalmsrv and Credit Union Foundation, savings or any other financial institution line of credit revolving holder of the card, The card is in fact a loan consumers can use it to purchase its requirements and then pay later, if he is willing to pay all the borrowing them (buy it) in any month, it allows him to rotate the part or all of the borrowed amount to the next month, with the result in this case the payment of interest on the debit balance (the existing).

The most famous types of cards (card account, the city card, ATM card, the card secured credit, smart card, prepaid card, card coalition, card allowances (bonuses), the card with a dual-brand).

Characterized by the idea of ​​any work in the credit card banking a kind of cultural progress and cognitive development.

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[EternalReality]

Very good news to hear they are educating their citizens on this.