Located in the northeast part of West Asia Arabian Peninsular, Iraq is the relic site of ancient Babylonian Kingdom. In Arabian language, Iraq means coast, precipice and pond and can also be interpreted as blood vessel, because the water network at the two valleys is jut like human blood vessels. The two river valleys are one of human cradles in the world. Iraq is also called “the newly rising giant in the Middle East”.
The main tourist destinations include relics of Ur City, relics of Assyrian Empire and relics of Hater City (commonly referred to as “the Sun City”), Babylon, famous ancient town relics 90 km southwest of Bagdad has the “Garden in the Air”, one of the seven wonders in the world.
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CUP service opening time April, 2009
Local CUP Service Hotline Not available
CONSUMPTION BY WIPING CARD ON POS
Not available
ATM cash withdrawal
Application Range
At present, some of ATMs within Iraq can accept CUP cards to withdraw local currency or US dollars.
The CUP card cannot be used for bank transfer and money withdrawal at the bank counter abroad.
Accepted Cards
Bank cards with CUP logo.
Tips: As withdrawing cash with credit cards needs to pay overdraft interests, it is better for cardholders to use CUP debit cards when withdrawing cash overseas.
How to Identify ATMs Accepting CUP Cards
ATMs with CUP logo on the machine or the screen can accept CUP cards.
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CUP Logo
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Chinese-English Interface
Some ATMs are installed with both Chinese and English interfaces and cardholders can choose from the two languages.
Cash Withdrawal Procedure
Most ATMs will first send out cashes and then exit cards. Cardholders shall follow the instructions that appear on the screen.
Charge and Limit on Withdrawal
According to the provisions of the state’s supervisory authority, during the withdrawal of cash with CUP cards on ATMs overseas, the accumulative withdrawal per card each day of CUP debit cards shall not exceed the equivalent foreign currency of RMB 10,000 Yuan.
Issuing banks will charge certain procedure fees for overseas cash withdrawal. Please inquire the issuing bank for specific rates, withdrawal frequency in a single day, withdrawal limit each time and accumulative withdrawal limit.
Compared with the networks of other bank cards, 1% to 2% of currency conversion fee is exempted when CUP network is used for consumption. The consumed sum of local currency will be directly converted into RMB at the market exchange rate and will be timely booked into the RMB account of the cardholder by the issuing bank.
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