Here in the United States are Iraqi visitors with Iraqi bank issued Master Cards which are “debit cards” AND they can go to any ATM and withdraw currency from their Iraqi bank account which the exchange rate today is 1305 to 1 USD…
Master Card determines the exchange rate conversion at the time of the transaction…
The 1305 is expected to be the rate throughout the remainder of 2016…
That is the exchange rate MASTER CARD IS APPLYING…
Iraqi’s have access to their bank accounts through master card debit …WORLD WIDE.
[The mere fact that MasterCard is posting an exchange rate (by default being international seeing that it is Master Card) is very good news. Regardless of the current rate, they are connected and accepting and posting an IQD rate on an international scale. Good news indeed (had we had news like this over the past few years we would be jumping out of our skin with excitement over the mere mention of Master Card and IQD in the same sentence.)]
WHAT IT MEANS IS THE BANKS ARE CONNECTED FOR INTERNATIONAL USE…SO 1305 HERE IN THE STATES…IS WHAT THE RATE IS…AS OF RIGHT NOW.
