The Central Bank of Iraq has instructed banks and electronic payment service providers that issue cards to apply an exchange rate of IQD 1,520 per USD to transactions through payment gateways and point of sale terminals abroad, with commissions kept to a minimum and clearly specified and disclosed to end users.
Central Bank of Iraq directs card issuers to apply IQD 1,520 per USD to overseas electronic payments
The Central Bank of Iraq has directed card issuers to use IQD 1,520 per USD for overseas payment gateway and point of sale transactions and to keep commissions to a minimum while disclosing them clearly to customers.