For first time, shoppers will have credit

[H2OLover]

For first time, shoppers will have credit

Posted 6/2/2005 9:50 PM

For first time, shoppers will have credit
By Mona Mahmoud, Special for USA TODAY
BAGHDAD — Iraq has long been a cash economy, but plastic has just established a foothold here.
The Trade Bank of Iraq recently issued 50 Visa cards to a handful of government officials. In a few weeks, the cards will be available to the public. Bank officials hope it will be the start of a full-scale plastic invasion.

Hussein al-Uzeri, chairman of the Trade Bank of Iraq, says the Visa cards — the first credit/debit cards in Iraq — are an important step to economic recovery. The hope is the cards will entice people into using banks and
establishing credit.

http://www.usatoday.com/news/world/iraq/2005-06-02-iraq-plastic_x.htm?csp=N009

[MEALTICKET]

This HOT NEWS!!!! ANOTHER ONE FOR THE ECON SECOR OF IRAQ. CREDIT CARDS AND DEBIT CARDS...

[Sandman]

This is nice...BUT...how will the quality of their land line service effect the implementation of their new credit cards? I remember reading that Iraq uses mostly cells because the landlines are unreliable. Credit card machines as you know require a land data line to function.

[dougmyers]

One thing for sure, a credit card company can always figure out how to make things work so they can make money! I bet if you turned Iraq over to the credit card company it would be up and running in a week or two! No more Insurgents, no more killing, just credit cards, McDonalds, KFC, and StarBucks everywhere! :lmao: :lmao:

[SEABEE CAN-DO]

This is nice...BUT...how will the quality of their land line service effect the implementation of their new credit cards? I remember reading that Iraq uses mostly cells because the landlines are unreliable. Credit card machines as you know require a land data line to function.

there many companys using a dish just like direct tv.. no need for land lines.