Launching the electronic reservation of the dollar and calling for avoiding unlicensed cards

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[size=52]Launching the electronic reservation of the dollar and calling for avoiding unlicensed cards[/size]

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10/29/2023
Baghdad - Nada Shawkat
Today, Saturday, Rafidain Bank launches electronic reservation for selling dollars to travelers in a step aimed at facilitating banking procedures. Yesterday’s statement said, “In line with government directives and the Central Bank’s instructions to facilitate procedures for obtaining the dollar for travelers, the electronic reservation service for selling the dollar has been launched starting today, Saturday.” He added that “the reservation form will be available to customers on the bank’s website,” and pointed out that (After completing filling out the reservation form, the customer goes to one of the bank’s branches, namely Al-Ma’rifa and Al-Quds, as a first stage to deposit the cash amount in dinars, which was marked via the electronic reservation form), and he continued, “All the bank’s branches designated for selling the dollar will be included soon.” Meanwhile, the Central Bank warned against dealing with unlicensed entities that issue electronic payment cards, in order to avoid falling into fraud and financial fraud. Yesterday’s statement said: “It has been observed that some unlicensed entities issue and promote electronic payment cards,” warning against “dealing with these entities in order to avoid fraud and financial fraud.” The statement pointed out “the importance of verifying their licenses before using their cards and applications in order to benefit from their services, and accreditation.” On the official websites and channels of licensed companies and banks). Bank Governor Ali Al-Alaq urged citizens to use bank cards instead of cash. The statement explained that (Al-Alaq chaired a meeting that included representatives of the bank and electronic payment companies operating in Iraq, in which he discussed ways to follow up on the project of spreading point-of-sale devices and digital transformation), stressing that (the meeting reviewed the most important challenges facing the process of spreading point-of-sale devices, and the importance of expanding the geographical area. To cover all parts of the country, in addition to solving the problems facing the use of bank cards and settling their amounts through the national exchange inside and outside Iraq. Al-Alaq pointed out that (the spread of point-of-sale devices has positive effects on the Iraqi street), urging citizens to (use bank cards instead of Currency). On the other hand, the Supreme Judicial Council recovered 775 million dinars from those accused of financial and administrative corruption cases. Yesterday's statement confirmed that (the Second Karkh Investigation Court, which specializes in integrity issues, recovered an amount of 775 million dinars from cases related to administrative and financial corruption), and added that (the amount was paid as a bribe in exchange for referring projects to companies in Baghdad Governorate, where the amount was recovered after conducting due diligence investigations with The defendants charged with bribery.[/size]
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