Eco
An informed source has revealed that the Central Bank of Iraq intends to launch a new bank card tailored for small-scale merchants and industrialists. The card will feature a monthly spending limit of up to $100,000, aimed at facilitating commercial transactions and promoting the transition toward electronic payments.
According to available information, the card will enable merchants to settle payments to suppliers and purchase goods and services through official banking channels. Users will deposit funds in Iraqi dinars and utilize the card for authorized payments, with all transactions subject to audit and compliance procedures.
This initiative is part of a broader effort to support the private sector, reduce reliance on cash-based transactions, and provide more flexible banking solutions for small-scale merchants and industrialists.
An official announcement is expected, which will detail the launch date, the application process, and the terms and conditions governing the use of the card.
