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 October 28, 2020
The central bank enables direct transfer of funds between electronic cards

 



In pursuit of implementing its strategy of shifting towards electronic payment, the Central Bank of Iraq confirms that banks that issue electronic cards and providers of electronic payment services have adopted the service of financial transfers between electronic cards (from one card to another), provided that the transfer ceiling for one time does not exceed (400) thousand dinars or 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.
 
 
The Central Bank of Iraq
   Media Office
October 28, 2020
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Why do they have to make their translation so difficult.  It could mean 1 dinar - $1.00 or the equivalent 1190 - $1.00.

 

With all due respect just do something for once you bunch of morons!! :rocking-chair:

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The News Outlet had it out prior to the CBI posting it on it's web site. Here the Thread if anyone interested, and one of the article's. Evening DV  

 

The central bank enables direct transfer of funds between electronic cards

 

 

 

 

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

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.

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The Central Bank allows direct transfer of funds between electronic cards

 
 
 
The Central Bank announced 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).
A bank statement clarified, "Al-Sabah" received a copy of it, the necessity that "the one-time transfer ceiling 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." . He pointed out that "this comes as an endeavor by the Central Bank to implement its strategy to shift towards electronic payment."
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