Salaries distributed via Smart Card to begin early 2014, says ISX Chairman

Posted: December 10, 2013 in Iraqi Dinar/Politics
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Securities Commission

12/10/2013 0:00

BAGHDAD – morning
preparing the Securities Commission in collaboration with the Trade Bank of Iraq (TBI) provide Mlakatha smart card (Ki) for the disbursement of monthly salaries beginning of next year.

Chairman of the Securities Commission, Dr. Abdul Razzaq al-Saadi revealed (morning) that the whole will begin distributing monthly salaries according to the card Smart early next year, which ensures easy handling.

adding that he can be drained of any bank Omketb external specialist and is not limited to the relevant department only, instead of carrying a block of cash, which is a process Amina to the employee, as well as the cost of the tax nearly 20 000 dinars in per year.

between the global system supports reducing the circulation of currency and use cards Alrshehadah, so it has to be traded (currency) through magnetic cards such as Visa Card (VISA) and MasterCard (MasterCard), calling to work in this direction, which solves the crisis, some private banks lagging in payments, and encourages investors to use their money chunky easily.

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