Baghdad Council demands Sweeg monitoring, continuous commissions even if the card is not used, 21 JUNE

Baghdad Council demands Sweeg monitoring, continuous commissions even if the card is not used

An individual from the Baghdad Common Committee, Ahmed Mohsen, pushed today, Thursday, the requirement for the National Bank to circle back to crafted by the “Drink” organization for electronic installment cards, with expanding protests about the presence of huge commissions deducted by the organization, as well as the distinction in the dollar swapping scale while moving.

Mohsen stated in an interview with Al-Sumaria TV that in addition to the commission rate, which is regarded as extremely high and does not match the service it provides, one of Sweij’s most prominent issues is the subpar service.

They explained that the Central Bank has the legal authority to set the transfer commission rate, which means that there is an assumption of mutual benefit between the company and the agencies responsible for monitoring it, and the common citizen pays for it. As for the difference in dollar exchange and the transfer cost caused by commissions, they explained that this issue is resolved by the Central Bank.

He emphasized that Sweeg Company must be monitored by the Central Bank and that the percentage of transfer operations must be proportional to the amount being transferred because it is impossible to take a commission percentage from citizens at levels comparable to investment companies.

The company-related data revealed baffling figures for the commissions and fees it deducts. For instance, just for filling out a card, the company takes a minimum of 1,500 dinars, or 1.5%, or 15,000 dinars, out of every million. It additionally deducts 1,000 dinars just for inquisitive about the card balance at the ATM. Automatically, in addition to deducting a thousand dinars as a “card management” commission only in the event that the citizen does not use the card for thirty days.