The central bank enables direct transfer of funds between electronic cards

[yota691]

The central bank enables direct transfer of funds between electronic cards

 

Central Bank of Iraq logo

Banks Economy News - Baghdad Today, Wednesday, the Central Bank of Iraq announced the availability of direct transfer of funds between electronic cards. The Central Bank said in a press statement, received by "Al-Eqtisad News", "In an effort to implement its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms the adoption of electronic card-issuing banks and electronic payment service providers" financial transfers between electronic cards (from one card to another) on That the one-time transfer ceiling does not exceed (400) thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars . "

Number of observations 104   Date of addendum 10/28/2020

[yota691]

 

The Iraqi Central Bank allows direct transfer of funds between electronic cards

 2020-10-28 04:54

Shafaq News / The Central Bank of Iraq announced, on Wednesday, the adoption of the direct transfer of funds between electronic cards .

The bank said in a statement received by Shafaq News that, "In an effort to implement its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms the adoption of electronic card-issuing banks and electronic payment service providers as a service for financial transfers between electronic cards (from one card to another)."

He added, "Provided that the one-time transfer ceiling does not exceed (400) thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars."

 

[yota691]

The central bank enables direct transfer of funds between electronic cards

•  Time: 10/28/2020 11:46:38
•  
•  Read: 3,224 times

  

{Al Furat News: Baghdad} The Central Bank of Iraq announced, on Wednesday, the availability of direct transfer of funds between electronic cards.

A statement issued by the Central Bank, the Euphrates News Agency received a copy of it, stated that "seeking to implement its strategy in the transformation towards electronic payment, the Central Bank of Iraq confirms the adoption of electronic card-issuing banks and electronic payment service providers, the financial transfer service between electronic cards (from card to card). Other)

 

The statement emphasized that the ceiling for one-time transfer does not exceed 400 thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars.

Hazem 

[yota691]

The central bank enables direct transfer of funds between electronic cards

Economie

2020-10-28 | 04:46

 

3,604 Views

The Central Bank announced, on Wednesday, the possibility of direct transfer of funds between electronic cards.

In a statement of the bank, Alsumaria News received a copy of it, "In an effort to implement its strategy of shifting towards electronic payment, it has decided to adopt electronic card-issuing banks and electronic payment service providers as a service for financial transfers between electronic cards (from one card to another)."

 

 

He added, "The ceiling for transfer should not exceed (400) thousand dinars for one time or The equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars. "

[Officiallytook]

3 hours ago, yota691 said:

That the one-time transfer ceiling does not exceed (400) thousand dinars *or* its equivalent in ***US dollars***

This part stuck me the most... If you guys can feel me... If the value of iqd changes one day then we're going off 400k usd.

[6ly410]

The Central Bank of Iraq allows direct transfer of funds between electronic cards (from one card to another), provided that the one-time transfer limit does not exceed (400) thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent In dollars # Iraq

[yota691]

The Iraqi Central Bank allows direct transfer of funds between electronic cards

Central Bank of Iraq - Graphic image of the new building

 October 28, 2020 12:48 PM

Mubasher: The Central Bank of Iraq announced today, Wednesday, the availability of direct transfer of funds between electronic cards; In pursuit of implementing his strategy to shift towards electronic payment.

In a statement, the Central Bank affirmed that banks issuing electronic cards and electronic payment service providers have adopted the service of financial transfers between electronic cards (from one card to another).

The Central stipulated that the ceiling for the one-time transfer should not exceed 400 thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach 2 million dinars or its equivalent in US dollars.

On August 18, the Central Bank of Iraq called on all citizens to deal with banks and licensed financial intermediation companies during large cash exchanges, instead of hoarding in homes.

The Governor of the Central Bank , Mustafa Ghaleb Al-Kitab, confirmed that a deliberate banking plan had been drawn up. It would develop the work of the central bank, strengthen the national currency, and address negatives, in cooperation with the courts specialized in joint work with the central bank.

[Donziman]

Not so confusing. We know these guys always mix-up when to use comma and

when to use period. No transfers more than 400,000 dinars in one month or it's

equivalent in US dollars. period not comma.

[yota691]

This a reference to the above...

 

 

Uptick In Qi Card POS Installations Throughout Iraq Spotlights Strong Growth 

 

Record-Breaking Number of POS Qi Card Kiosk Locations Enables More Convenience for Cardholders

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Oct 01, 2020, 02:00 ET

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BAGHDAD, Oct. 1, 2020/ --Qi Card , the leading electronic payment solution and default national debit/credit card of Iraq, today announced a skyrocketing uptick in demand for additional points of sale (POS) kiosk systems throughout the region. The combination of new POS locations and the stark increase in usage of Qi Card's digital money transferring services are just two indicators of Qi Cards rapid growth in the region.

The increase in available POS kiosks comes at a crucial time, as citizens around the world practice social distancing measures. Today, Iraqi citizens now have nearly twice as many kiosks to visit, enabling not only easier access, but the ability to avoid crowding.

The record-breaking POS installations tie directly to a higher usage of Qi Card, which is by far the leading card and digital payment method for Iraqis as the country embarks on an economic digital transformation, moving away from cash and into a fintech-based model built for improving convenience and safety.

 

 

 

 

[Shelley]

On 10/28/2020 at 9:12 PM, yota691 said:

The Iraqi Central Bank allows direct transfer of funds between electronic cards

Central Bank of Iraq - Graphic image of the new building

Central Bank of Iraq called on all citizens to deal with banks and licensed financial intermediation companies during large cash exchanges, instead of hoarding in homes.

 

Hey it’s time to pull that dinar out of the mattresses !!! Come on people of Iraq let’s get this party started !!!

Thanks Yota 

[Rochester]

1 hour ago, Shelley said:

Hey it’s time to pull that dinar out of the mattresses !!! Come on people of Iraq let’s get this party started !!!

Thanks Yota ........YOU CAN HAVE MINE....for a Price

[rvmydinar]

2 hours ago, Donziman said:

No transfers more than 400,000 dinars in one month or it's

equivalent in US dollars. period not comma.

 The Central stipulated that the ceiling for the ONE - TIME TRANSFER should not exceed 400 THOUSAND DINARS or its equivalent in US dollars, while the limits of the amounts transferred during ONE MONTH will reach 2 MILLION DINARS or its equivalent in US dollars.

 

i just hope that when the dinar rv, the dinar investors can exchange dinar for dollars in the states or internationally. if i say if the dinar investors can exchange in the iraq country only, then this will become a problem because  ONE - TIME TRANSFER should not exceed 400 THOUSAND DINARS or its equivalent in US dollars and it isn't safe to handcarry a suitcase  full of dollars either. oh no i don't want to do it. therefore it is much better if the dinar can rv internationally , not in country rv ( it is a bad choice ).  come rv.

[rvmydinar]

On 10/28/2020 at 6:30 PM, yota691 said:

the one-time transfer ceiling does not exceed (400) thousand dinars or its equivalent in US dollars, while the limits of the amounts transferred during one month will reach (2) million dinars or its equivalent in US dollars."

 

this article comes directly from the cbi. and the cbi belongs to iraqi country and iraqi citizens. therefore i just hope that it ( transfer funds ) is applied to iraqi citizens only, not for dinar investors.

[presence]

Thanks Yota691.

 

This seems as good a time as any to ask this question- although there is probably a better location for it:

 

 

Does anyone  know whats going on with WARKA?  I haven't received any response from them in quite a while regarding an inquiry pertaining to annual fees -  and access to my account - and I'm checking to see if anyone can shed light on my concern.

 

Thanks very much-

 

Presence 

Edited October 30, 2020 by presence

[cutter73]

@presence  don't know how I sent 2 but noticed there's a Warka and Iraqi Banking section 

IF...that helps. 😊