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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


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    The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Rocky
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by Rocky Thu 14 Jun 2018, 2:22 am

     The Central Bank allows cash withdrawals from points of sale and determines the commission rate



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    The Central Bank decided on Thursday to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and merchants in the markets. This is in order to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment.
    The bank said in a statement received by Al-Iktissad News 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, Which ensures their compliance with anti-money laundering and terrorism financing laws and the electronic payment service system. "
    He added that "the ceiling of customers' lien by 2 million dinars per day and the proportion of commission updated not exceeding (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."
    "All cards (Key Card, Master Card, Visa Card) work according to this procedure," the statement said.

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    Rocky
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty the Central Bank allows the withdrawal of cash from the payment companies and traders in the Iraqi

    Post by Rocky Thu 14 Jun 2018, 2:47 am

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    the Central Bank allows the withdrawal of cash from the payment companies and traders in the Iraqi markets[/size]
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     40 minutes ago




    The Central Bank of Iraq decided on Thursday to allow cash withdrawals from points of sale deployed by the agents of electronic payment companies and traders in the Iraqi market, and this is in order to organize electronic payments and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment.

    The bank said in a statement to Ashqaf News that cash withdrawals are carried out 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 their compliance To the laws and the fight against money laundering and terrorism financing and the system of electronic payment services.

    The bank has set the ceiling for customers to withdraw 2 million dinars per day. The percentage of the commission is not to exceed (0.006) during the day and the commission should not be less than two thousand dinars and should be visible in the tape to the customer.

    The bank said in its statement that all cards (Key Card, MasterCard, Visa Card) are operating according to this procedure.




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    Rocky
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by Rocky Thu 14 Jun 2018, 2:56 am

    The Central Bank allows cash withdrawals from points of sale and determines the commission rate
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    Baghdad / ... The Central Bank of Iraq, on Thursday, allowing citizens to withdraw cash from points of sale, indicating that the commission rate does not exceed (0.006) per day.
    The bank said in a statement received by "Iraq News", that "the citizens were allowed to withdraw cash from points of sale deployed at the agents of electronic payment companies and traders in the Iraqi market," noting that "this comes to organize electronic payments and within the strategic plan of this bank for transformation To electronic payment in a sound and orderly environment. "
    He added that "cash withdrawals are made by authorized agents or dealers 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 / And electronic payment services system ".
    He pointed out that "the ceiling of the customer's drawdown by 2 million dinars per day and the percentage of the commission is updated not exceeding (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."
    The statement pointed out that "all cards (Key Card, MasterCard, Visa Card) are working according to this procedure." Finished


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    Rocky
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by Rocky Thu 14 Jun 2018, 3:05 am

    The Central Bank allows cash withdrawals from points of sale and determines the commission rate
    June 14 2018 10:42 p
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    [rtl][rtl]central bank[/rtl]
    [/rtl]
    Baghdad Post
    [rtl]


    The Central Bank allowed citizens to withdraw cash from points of sale at the electronic payment companies' dealers and traders in the markets, indicating that the customer's ceiling is 2 million dinars per day, provided that the commission rate is not exceed 0.006 during the day. 

    The bank said in a statement that it 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," noting that "this comes to regulate electronic payments and within the strategic plan of this bank to switch to electronic payment in a safe and orderly environment "He said.


    He explained that "cash withdrawals are made by authorized agents or dealers contracted by electronic payment companies to provide various services, including cash withdrawals, provided that the bank is provided with an updated register of their names and periodically adopting procedures to ensure compliance with the laws and combating money laundering Terrorism financing and electronic payment services. " 

    He added that "the ceiling of the customer's cloud was set at 2 million dinars per day and the percentage of the commission is updated not exceeding (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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    Lobo
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by Lobo Thu 14 Jun 2018, 8:30 am

    Thanks Rocky, this is really good news.
    weslin3
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by weslin3 Thu 14 Jun 2018, 4:56 pm

    This is coming from the CBI;

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    So are they getting smaller notes when they go to the ATM?
    Lobo
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by Lobo Thu 14 Jun 2018, 5:48 pm

    Good question and it also doesn't give a date when this starts.
    ahill
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by ahill Thu 14 Jun 2018, 11:15 pm

    Really good news Rocky.
    Thanks
    weslin3
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by weslin3 Fri 15 Jun 2018, 4:54 am

    Lobo wrote:Good question and it also doesn't give a date when this starts.
    On the first two articles that Rocky has says on Thursday allowed. Just think the Iraqis that didn't keep their IQD and only had USD needs to bring in their USD for IQD & do it before the rate change or they might loose out especially if the IQD goes over $1. Like some are thinking it will be $3 something if they didn't hold to the their dinar they will not be bettering themselves. Remember when Maliki gave them all like 10 million dinar? If they kept that they will be making a big profit...
    Lobo
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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

    Post by Lobo Fri 15 Jun 2018, 12:36 pm

    Weslin, you are right, but it hasn't RV'd yet, so I guess they would be large notes that are dispensed.

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     The Central Bank allows cash withdrawals from points of sale and determines the commission rate Empty Re: The Central Bank allows cash withdrawals from points of sale and determines the commission rate

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