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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 Payments Department of the Central Bank prepares a book to reduce the limits of prepaid cards to

    Rocky
    Rocky
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    The Payments Department of the Central Bank prepares a book to reduce the limits of prepaid cards to Empty The Payments Department of the Central Bank prepares a book to reduce the limits of prepaid cards to

    Post by Rocky Fri 31 Mar 2023, 5:33 am

    [size=46]The Payments Department of the Central Bank prepares a book to reduce the limits of prepaid cards to $4,000 per month (document)[/size]


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    A leaked letter from the Central Bank/Department of Payments before signing indicated that the department is preparing a book to reduce the limits of prepaid electronic payment cards to $4,000 per month, as purchases and $250 per day from an ATM, not exceeding $3,000 per month, which may alienate citizens. Those wishing to travel outside Iraq due to the lack of feasibility of the amounts limits.
     
    And the dollar against the dinar began to rise immediately after the book was leaked, to jump from 1510 to 1525. Economists expressed their dissatisfaction with this step and the significance of this book or its leakage at this time!
     
    A banking expert told "Tigris Channel" that "the central bank is required to develop solutions before it takes this step that will harm the exchange rate and rely on gradual solutions," calling on the prime minister to "evaluate the work of the payments department in the central bank in these difficult and sensitive circumstances." .
     
    He pointed out that "the Director General of Payments at the Central Bank (Duha Abdul-Karim) is close to the former Prime Minister Mustafa Al-Kazemi, after the arrival of complaints from several banks on the same aforementioned authority. "
     
    He expressed "hope that the bank will appoint an efficient person to lead the payments department in the Central Bank of Iraq in the coming period . "
     
    For his part, one of the merchants told Dijla TV that "the ease of using the card to buy goods, especially for small and medium merchants, is an achievement of the current government, but this book will undermine all the efforts made by the government, although some people smuggle cards outside Iraq to misuse them." The solution here is to stop smuggling and not legalize card limits 
     
    And economists praised the "central bank packages launched by the governor of the central bank, Ali Al-Alaq, and pointed out that" this book is an individual act that is not considered and could harm the correction process carried out by the Central Bank of Iraq.
     
     
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