Daily ATM Withdrawal May Increase

The Central Bank of Iran is working on a plan to raise the daily withdrawal limit at ATM devices, from 2 million rials (55$) to 4-5 million rials ($ 112-138), said the head of CBI’s IT department Nasser Hakimi. The official noted that the total volume of bank notes, ATM locations, and other security issues are key points to be considered before finalizing the decision, ebinews.com reported on Saturday. The current limit has remained unchanged for the past few years, even though the need for cash has increased. Customers usually have more than one bank card so that they can withdraw higher amounts of cash by transferring the money to their other bank accounts.