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Credit and Dollar Prepaid Cards to Replace Currency in Circulation

Credit and Dollar Prepaid Cards to Replace Currency in Circulation
The head of Mineral and Industrial association requested Central Bank to issue credit and prepaid cards to consumers so the problem with currency in circulation will be solved.

 
Credit and Dollar Prepaid Cards to Replace Currency in Circulation
 
The head of Mineral and Industrial association requested Central Bank to issue credit and prepaid cards to consumers so the problem with currency in circulation will be solved. 
 
Bijan Panahizadeh stated, issuing prepaid bank cards will bring several benefits to consumers such as: more security to posses currency, eliminating the problem of not having enough currency in circulation, giving ability to individuals to transfer money online, preventing persons to produce fake currency or engage in black market, and gathering people's cash value to use for the economic growth, production and country's budget. The head of Mineral and industrial association continued: by implementing this strategy, a large amount of cash can be saved in banks which as a result can help the economy within and outside the country. 
 
Bijan Panahizadeh requested government and central bank to assure consumers that they can receive their money and it's interest if demanded. This will encourage consumers to deposit and replace their cash by receiving bank cards while feeling secured about their trade. The head of Mineral and industrial association of Iran expressed his optimism and guaranteed that by implementing this strategy, we can solve the currency issue quickly and take a big step against the cruel sanctions imposed by the West
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Publish date:1391/07/29
News code:1441240 

Oct 22, 2012 09:09
Number of visit : 558

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