Army aims to stop flow of paper money to Iraq, Afghanistan
Photo Credit: Sgt. Jerry Saslav
In this file photo, Ziyad Kareem, whose restaurant was destroyed by a car bomb explosion in Baghdad's Adhamiyah district, thanks Capt. Patrick Soule, commander of Company D, 2nd Battalion, 4th Infantry Regiment, 4th Brigade Combat Team, 10th Mountain Division, after signing the final paperwork for a micro grant to rebuild his restaurant. By Oct. 1, the Army is aiming to go cashless in Iraq and Afghanistan when writing up contracts with local vendors. Instead of paying those it does business with in U.S. currency, the Army will pay the vendors via electronic funds transfer through the banks of Afghanistan or Iraq.
Page last updated Tue August 16th, 2011 at 00:00