By John Lee.
The Trade Bank of Iraq (TBI) has issued a Visa Debit Gold Card for dollar-denominated accounts currency, according to a statement from the bank, reported by AKnews.
The statement quoted director general of the bank, Hamdiya al-Jaff [Hamdiya Al-Jaf, Hamida al-Jaf], as saying:
“The issuance of such cards encourage citizens to deal with credit cards that can be used all over the world. It is a manifestation of modernity in the banking business which is also achieving several privileges, the most important of which is not using money paper and the rapid settlement of different obligations of customers.“
She added that there is a plan to spread ATMs across the country that give cash in both dinars and dollars.