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KTFA
He pointed out that the banking system in Iraq operates within an unstable environment that has prevented it from performing from its normal functions.
Hassoun told the Information Agency that “the security, economic, and social conditions are the main factors contributing to instability in the banking sector, which negatively impacts citizens’ confidence and discourages them from depositing funds, especially in government banks. This leads to a shortage of cash liquidity and disrupts economic activity in the country.”
He added that “a large number of banks are now engaging in activities that do not fall under the umbrella of genuine banking, exploiting the state of turmoil to achieve private gains at the bank of the banking policy set by the Central Bank.”
He explained that “the Central Bank is required today to implement strict measures and activate serious oversight of banks’ operations, with the aim of securing citizens’ rights and strengthening confidence in the banking system.” He noted that “directing financial revenues solely towards imports is one of the main reasons for the decline and stagnant banking performance in Iraq.” (LINK)
Clare » December 27th, 2025
The International Smart Card Company announces the launch of a (0% commission) initiative to support merchants.
12/24/2025 Economic:
The global smart card company (Key) announced today, Wednesday, the launch of a (0% commission) initiative to support merchants.
The company said in a statement received by Alsumaria News “A new initiative will be launched to support merchants and stimulate business growth, starting from January 1, 2026, where a commission rate of (0%) will be applied to the merchant for all electronic payment transactions.”
Advertisement
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She added that “the initiative includes all payments made through devices Points of Sale (POS) and the SuperKey application, without any deductions or hidden commissions, ensuring that the merchant retains the full profit from every sale,” noting that “this step comes within its strategy to enhance financial inclusion, encourage the shift towards electronic payments, and provide a more transparent and profitable business environment for merchants in various sectors.”
Source: Dinar Recaps
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