Coupled with the CBI allowing the withdraw of cash from ATM's, this is very interesting, I think.
News The Central Bank allows the withdrawal of cash from the points of sale and determines the commission rate
The Central Bank of Iraq decided to allow citizens to withdraw cash from the points of sale deployed at the agents of electronic payment companies and traders in the Iraqi market, and this is to organize electronic payment operations and within the strategic plan of this bank to switch to electronic payment in a sound and orderly environment.
This bank explains that cash withdrawals are made by authorized agents or dealers who are contracted by the electronic payment companies to provide various services including cash withdrawals provided that the bank is provided with an updated register including their names and periodically adopting procedures to ensure compliance with AML laws and financing Terrorism and electronic payment system.
The bank has set the ceiling for customers to withdraw 2 million dinars per day. The percentage of the commission is not less than (0.006) during the day and the commission should not be less than (2000) (2,000 dinars) and must be visible in the tape to the customer.
The bank also wishes to clarify that all cards (Key Card, MasterCard, Visa Card) are in accordance with this procedure.