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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Central Bank issues new controls to regulate financial movements inside Iraq

    Rocky
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    financial - The Central Bank issues new controls to regulate financial movements inside Iraq Empty The Central Bank issues new controls to regulate financial movements inside Iraq

    Post by Rocky Sat 19 Aug 2023, 6:59 am

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    Baghdad - IQ  

    The Central Bank issued, on Saturday, new directives to banks that included new controls to regulate financial movements inside Iraq.

    The controls stipulated the following: 

    1- The ceiling for withdrawals for local financial movements (inside Iraq) that are made through automated teller machines (ATMs) for prepaid cards is 2,000,000 (two million Iraqi dinars) per day instead of (395,000) Iraqi dinars.

    2- Raising the ceiling of the purchase movement through points of sale inside Iraq to be 10,000,000 (ten million Iraqi dinars), with a commitment not to exceed the monthly limit for charging the card, which is (10 million).

    3- Reducing the electronic purchase ceiling to be (750) US dollars per day.

    4- It is your responsibility to work on expanding your agent network by contracting with entities that are allowed to sell and market this type of card.

    5- Excluding local financial movements on prepaid cards with the commitment contained in Paragraph (5) of the above circulars related to Merchant Category Codes (MCC), provided that they are within the legitimate purposes of purchase and payment.
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    • Post n°2

    financial - The Central Bank issues new controls to regulate financial movements inside Iraq Empty The Central Bank issues new controls to regulate financial movements inside Iraq

    Post by Rocky Sat 19 Aug 2023, 9:11 am

    [size=35][size=35]The Central Bank issues new controls to regulate financial movements inside Iraq[/size]
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    Economy

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    2023-08-19 | 07:02
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    Alsumaria News - Economy

    Today, Saturday, August 19, 2023, the Central Bank of Iraq issued directives to all banks to take new controls regarding prepaid cards for the purpose of regulating financial movements that take place inside Iraq.


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    According to a document issued by the bank that I obtained[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]The directives included, “The ceiling for withdrawals for local financial movements shall be (inside[You must be registered and logged in to see this link.]) that are made through automated teller machines (ATM) for prepaid cards to 2,000,000 (two million Iraqi dinars) per day instead of (395,000) Iraqi dinars.



    It also included, raising the ceiling of the purchase movement through the points of sale inside[You must be registered and logged in to see this link.]To be 10,000,000 (ten million Iraqi dinars) with a commitment not to exceed the monthly limit for charging the card, which amounts to (10 million). Reducing the electronic purchase ceiling to be (750) US dollars per day, according to the document.

    The bank stressed on banks to work "to expand your network of agents through contracting with entities that are allowed to sell and market this type of cards," according to the document.

    The bank confirmed the exception of local financial movements on prepaid cards with the commitment contained in Paragraph (5) of the above circulars related to merchant category codes ([You must be registered and logged in to see this link.]) Provided that it is within the legitimate purposes of purchase and payment, according to the document.
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