______________________________________________________
KTFA
Clare » December 13th, 2022
The application of international trade exchange for the Middle East transforms Iraq into an “electronic financial exchange center”
12/11/2022
Today, Monday, the Korean company (FinTech) announced the launch of the first service provided to the Middle East for international multi-currency transfer and cross-border trade conflicts through Iraq.
And she confirmed that she had obtained the approval of the Central Bank of Iraq to be the first authority authorized to deal with digital international trade in the Middle East.
The company said, through statements reported by the (News File) economic network and translated by (Baghdad Today), that “the company, in cooperation with Ishtar Gate, launched the international financial card service, which will enable Iraqi citizens to use cards for international commercial trading of all kinds, in addition to the simultaneous transfer of foreign currencies.” Through direct electronic dealing within the card services.
The company said that the service is “unprecedented in the Middle East”, announcing that Iraq is the leading country in the region in applying the technology of exchange and electronic financial transfer through cards and for citizens in general, explaining that it plans to launch the project at a later time in both Saudi Arabia and the UAE, relying on the Iraqi center .
Advertisement
______________________________________________________
And she continued, “The pioneering services will provide new horizons for the Iraqi market in ten foreign currencies, including the US dollar and the Iraqi dinar.”
The company indicated that it “will open the door to foreign investment at the individual level as well, while it also indicated that cooperation with the Chinese (UnionPay) company will also provide the possibility of financial transfer in local currencies and easily between the Iraqi and Chinese markets in a completely electronic way.”
She added, “Regional banks and banks, especially in Saudi Arabia and the UAE, will start next year 2023 by relying on the Iraqi market for electronic money transfer, as it is the only market currently ‘leading’ in the field, which provides unprecedented financial services at the level of the Middle East.” LINK
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
