Member of Finance Committee: The process of withdrawal of the old currency will continue for two years through banks

  Friday 06/07/2012

Baghdad (news) .. According to a member of the Finance Committee MP / National Alliance / Najiba Najib Ibrahim, that the central bank has taken several measures to replace the Iraqi currency in coordination with the Finance Committee.
The answer (of the Agency news): The Central Bank and in coordination with the Finance Committee has taken many measures to replace the Iraqi currency include the withdrawal of old currency over the years and handed over to the banks which in turn will deliver the currency to the Central Bank over the ten years to destroy.

The j: in early 2013, will pump in the currency markets as well as the old currency, indicating that measures to withdraw currency will continue for two years, and several banks will take over the old currency in all parts of Iraq.
Najib stressed: that two years after the new currency will be available in local markets after the end of the value of old currency. / End / 21. D. Q /

 

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Expert: the need to encourage citizens to handle credit card transactions to facilitate banking

 Friday 06/07/2012

Baghdad (news) .. Emphasized the economic expert Ikram Abdul Aziz, the importance of working credit card bank and encourage citizen to deal with through awareness and education programs to facilitate banking transactions.
She said Abdulaziz (of the Agency news): The credit card system is one of the modern technological systems, which came to the banking and spread in all countries of the world, but Iraq is still too late because of her failure for many years for technical development happening in the world in all areas.

She added that the use of these techniques in Iraq is still limited and narrow because of the absence of full knowledge of the citizen how to use them, saying it needs to be educational programs banking to educate citizens and encourage him to deal with, because they will facilitate a lot of things banking through speed to meet their needs.

Confirmed: that the banking system in Iraq needs to introduce modern electronic systems in his work and linking unified communications network, as is the case in all countries of the world's developed to help to complete banking transactions through electronic devices.
Known as the credit card bank is a financial loan consumers can use to buy accessories and pay later, if he is willing to pay all the borrowing them (buy) in any month, it allows him to rotate the part or all of the borrowed amount to the next month, and the consequent in this case, the payment of interest on the debit balance (the existing).

The most famous types of cards are the card account, the city card, ATM card, the card secured credit, smart card, prepaid card, card coalition, card allowances (bonuses), the card-branded dual. / Finished / 8. N. R /

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