Trade Bank of Iraq reduces the amount of cash insurance for credit card Visa and Master Card

Trade Bank of Iraq reduces the amount of cash insurance for credit card Visa and Master Card

23-01-2012

Decided Trade Bank of Iraq to reduce the amount of cash allocated to the insurance issue cards [Visa] to 250 thousand dinars instead of the amount the previous 500 thousand dinars.

A statement of the bank received by all of Iraq [where] that "the Trade Bank of Iraq has decided to reduce the amount of insurance money allocated to the issue price of the card [Visa Card - Master Card] to 250 thousand dinars instead of the price of the old 500 thousand dinars and to promote the use of credit cards for the largest slice of Iraqi society. "

And issued the Trade Bank of Iraq for the first time in Iraq, the credit card with benefits and discounts world will be in the near future issuance of Gold Card [Visa] for all citizens, but in dollars and to issue cards [MasterCard] dedicated to university students and uses of the Internet.

This will Trade Bank of Iraq to distribute POS retail [pos] in all governorates of Iraq, where he managed the hardware card holder credit from Visa and MasterCard] local or foreign to conduct the procurement process and payment of these devices and also the invitation to all departments, hotels and shops to impose Ottaghzém that hardware.

Will be deployed ATMs in most halls Baghdad International Airport to withdraw cash from Visa Card, Master Card, world wars and in the currency of the dinar and the dollar.

Called on the Trade Bank of Iraq to the government and private banks to obtain the membership of the two [Visa] and [MasterCard] global basis [Associate Member] under the auspices of the Trade Bank of Iraq.

Trade Bank of Iraq decide to reduce the cash margins for the credit card by 50%


24/01/2012 10:06




Baghdad, January 24 (Rn) - The Trade Bank of Iraq TBI and the agency, on Tuesday, he decided to reduce the amount of insurance cash credit card by 50% in order to encourage a wide range of citizens to adopt.

visa A statement issued by the bank, received by the Kurdish news agency (Rn) a copy of it today, quoting the director of the bank Hamdiya dry as saying that "the Trade Bank of Iraq has decided to reduce the amount of insurance cash for cards Visa, MasterCard to 250 thousand Iraqi dinars instead of previous amount was 500 thousand dinars, in order to encourage the use of credit cards for the largest segment of the aggregate of Iraq. "

She added, "Trade Bank of Iraq issued for the first time in Iraq, the credit card (Anvent) with the advantages and liabilities global excellence, and will be in the near future to issue Visa Gold Card for all citizens who deal in foreign currency (dollar)."

She said the dry, "the bank will distribute point of sale hardware retail pos of all of Iraq's provinces, where the machines enables the card holder credit card from Visa and MasterCard local or foreign procurement process and make payment through the machines."

And director of the bank showed that "the ATMs will be deployed in most halls Baghdad International Airport to withdraw cash from Visa Card, Master Card, world wars and in the currency of the dinar and the dollar."

Dry and were invited to "government and private banks to obtain the membership card companies Visa and MasterCard as a member of the global participant under the auspices of the Trade Bank of Iraq."

The Free Trade Bank of Iraq in 2003, according to law No. 20 of the CPA dissolved at the time, and its law is based on belonging to the highest executive authority in the country, the prime minister of Iraq. The share capital of the bank 500 billion Iraqi dinars, while seeking in the coming period to double its capital to a trillion dinars.