Conscious / Central Bank allows the withdrawal of cash from points of sale and determines the commission rate
6/14/2018

The Central Bank announced on Thursday that citizens will be allowed to withdraw cash from the points of sale distributed by the agents of the electronic payment companies and traders in the markets, indicating that the customer’s ceiling is 2 million dinars per day, provided that the commission rate does not exceed (0.006) during the day.

The bank said in a statement received (Iraqi News Agency Information / INA) a copy of it, he decided to "allow citizens 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 For this bank to switch to electronic payment in a sound and orderly environment. "

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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