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date: Monday 02.15.2016 6:00
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CBI revealed, on Sunday, all the banks and companies "unlicensed" to provide payment services through cards, and warned citizens to "deal
with it and trading instruments issued by that," while the traders threatened and issuers of those cards to "legal accountability."
The central bank said in a statement seen by "Baghdad news", said that "there are banks and companies that are not licensed by the Central Bank, is providing payment services through the cards."
the central bank warned, the public of the "handling and trading instruments issued by that," asserting that "trading cards issued of unlicensed parts of the Central Bank of Iraq is illegal, which customers and exporters of these cards to legal accountability may expose. "
It is noteworthy that the smartcard system in Iraq has begun to the end of 2008, to facilitate the exchange of monthly salaries and deduct what suits his card out of his salary so that it can the rest in a savings account, and includes an integrated personal benefit in eliminating fraud in receiving the salary information, and adopted the card the past two years in the salaries of retired civilian and military distribution, and covered by social protection network.
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