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

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

Post  Admin on Thu Jun 14, 2018 8:22 am

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

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

Post  Admin on Thu Jun 14, 2018 8:51 am

Central allows the withdrawal of cash from points of sale, and determines the commission rate

Thursday, June 14, 2018 - 10:43 p

The Central Bank announced on Thursday that citizens will be allowed to withdraw cash from points of sale at the electronic payment companies 'dealers and traders in the markets. He explained that the ceiling of customers' lien is 2 million dinars per day, Today.

The bank said in a statement that it had decided to "allow citizens to withdraw cash from points of sale deployed at the agents of electronic payment companies and traders in the Iraqi market and to organize electronic payments and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment" .

He added 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 and periodically adopting procedures to ensure their compliance with the laws, Terrorism and e-payment system ".

He added that "the ceiling of the customer's lien was set at 2 million dinars per day and the percentage of the commission is up to (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. "

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