ISX News
The central bank directs banks and financial institutions to commit to meeting the established commissions
Today, the Central Bank of Iraq (CBI) directed banks and financial institutions to commit to collecting pre-determined commissions with its transactions. The bank said in a statement that "all banks and financial institutions have an obligation to fulfill the commissions prescribed by their transactions, which are as follows: 1) Purchase commission through points of sale: free of charge, 2) Cash withdrawal commission through points of sale: 0.6% of the withdrawn amount, corresponding to IQD6,000 per IQD1.0 mn. If the amount withdrawn is IQD333,000 or less, then the lowest commission is applied and amounts to IQD2,000. 3) Cash withdrawal commission through the ATM: 0.4% of the withdrawn amount, corresponding to IQD4,000 per IQD1.0 mn. If the amount withdrawn is IQD250,000 or less, then the lowest commission is applied and amounts to IQD1,000.
Source: https://www.alsumaria.tv/news/اقتصاد/334763/البنك-المركزي-يوجه-المصارف-والمؤسسات-المالية-بالال
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