Article quote: “Rafidain Bank, announced Saturday, issuing smart card “card” for some staff services of the Ministry of industry and minerals for the purpose of delivery of monthly salary.”
THEY ARE CIRCUMVENTING THE NEED FOR HARD CURRENCY EXCHANGE FOR PAYMENT OF SALARIES AND EASING LIQUIDITY CRISIS…
THOSE ARE SALARIES FOR STATE INSTITUTIONS BEING PAID ELECTRONICALLY IN COUNTRY…
THERE WERE REPORTS OF RETIREMENT SALARIES LOADED TO CARDS…
WHICH WOULD SUGGEST AVAILABILITY TO EX PATS LIVING OUTSIDE IRAQ…
THE DEMAND FOR HARD IQD IN MARKETPLACE IS DIRE.
