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


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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


    Its ceiling does not exceed 100 thousand dollars.. A new mechanism to regulate the work of small mer

    Rocky
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    Its ceiling does not exceed 100 thousand dollars.. A new mechanism to regulate the work of small mer Empty Its ceiling does not exceed 100 thousand dollars.. A new mechanism to regulate the work of small mer

    Post by Rocky Tue Jan 23, 2024 6:52 am

    Its ceiling does not exceed 100 thousand dollars.. A new mechanism to regulate the work of small merchants

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    Economy News - Baghdad
     
    [rtl]A government source revealed, today, Tuesday, the approval of a new mechanism for small merchants for import purposes, while indicating that the mechanism consists of five points.[/rtl]
     
    [rtl]The source said, in an interview with Al-Iqtisad News, that “based on the directives of the Prime Minister and in light of the discussions that took place between the government, the Central Bank of Iraq and electronic payment companies for more than two months, a mechanism for issuing electronic cards to small merchants was approved, with a ceiling of one hundred thousand.” A dollar per month to implement payment operations for import purposes, ensuring a reduction in the demand for cash dollars by real merchants.[/rtl]
     
    [rtl]He added, "The new mechanism includes payment companies beginning to submit a request to the Central Bank to obtain approval to create this product and launch the (merchant) card," noting that "the second step is to determine the uses of the cards to be for small merchants in line with the external transfer controls issued by the Central Bank." For the year 2023.”[/rtl]
     
    [rtl]He pointed out, "The ceiling for these cards is not to exceed (100) thousand dollars per month, with the possibility of raising the ceiling in the future in light of the results of the actual implementation."[/rtl]
     
    [rtl]The government source explained, “The cards are used for the purposes of purchasing goods and services from known suppliers according to pre-specified white lists.”[/rtl]
     
    [rtl]He stated, "The company bears its duty to apply due diligence and in accordance with basic requirements, the most important of which are the main international ban lists of the United Nations, the Office of Foreign Assets Control, and the European Union."[/rtl]
     
    [rtl]The source (who preferred not to reveal his name) concluded: “The money of small merchants is deposited in the branches of various Iraqi banks in Iraqi dinars.”[/rtl]


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