Chat from other place 01/10/2017 New Year, New Way of Banking Yesterday at 12:36 pm
Central Bank announces action-mail system to sell the dollar
10/01/2017 03:43 | Number of Views: 81
Direction Press
The Central Bank of Iraq, Tuesday, Mbacherth labor-mail system to sell the dollar, indicating that he would be re-assessment every three months in light of the performance of banks.
The bank said in a statement obtained by "direction Press" a copy of it, he began to work in the private mail system to distribute the dollar on the basis of standards and evaluation that was earned each bank and corporate financial transfer ", noting that" the electronic system will ensure effective control required by the commitment to anti-laundering law rules laundering and terrorist financing. "
The bank added that "the electronic system will also verify the integrity of the selling and buying of the dollar and the capabilities of the bank in the management of these operations requirements," noting that "the assessment will be every three months in light of the performance of banks and that it will be banks and financial institutions that are of low evaluation of accounting."
The Iraqi central bank is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.
http://aletejahtv.org/permalink/145702.html
Well now things are getting good ! Bravo CBI, I take back all the nasty things I said about you lol.
"he began to work in the private mail system to distribute the dollar on the basis of standards and evaluation that was earned each bank and corporate financial transfer ", noting that" the electronic system will ensure effective control required by the commitment to anti-laundering law rules laundering and terrorist financing. "
"the electronic system will also verify the integrity of the selling and buying of the dollar and the capabilities of the bank in the management of these operations requirements,"
This system should help tremendously in curbing money laundering but more importantly we should see a drastic reduction in the sale of the dollar. Basically the CBI is forcing the banks/traders to prove beyond a shadow of doubt the use of their request for dollars. The system is a way for them to have control electronically. I love it !
Yesterday the CBI announced they instituted the IBAN system
"adopted international arithmetic figure the IBAN, starting from the second of January of 2017 in all local and foreign remittances," attributing the cause of action to "unite the bank account numbers in all operating banks in Iraq."
DEFINITION of 'International Bank Account Number - IBAN'
A standard numbering system developed to identify bank accounts from around the world. It was originally developed by banks in Europe to simplify transactions involving bank accounts from other countries.
http://www.investopedia.com/terms/i/iban.asp#ixzz4VNPI7erA
I want to point out something important to you all, on Dec 25, 2016 there was an article about e-dinar and in the article it stated that the systems mentioned above needed to be in place BEFORE the could begin the e-dinar program. I will post the article for you below. This is awesome news and I have always believed that Iraq MUST have these electronic systems in place and operating in order to start adding value to the dinar. I did a chat a few years ago about this very subject ! I like it very much and I remain excited for the new year !!!
Iraq calls to leave the work instruments system before issuing the e-dinar
25/12/2016 11:49 | Number of Views: 234
Direction Press / Baghdad
He called the Rafidain Bank, Sunday, to leave work instruments system before issuing the dinar-mail, stressing the importance of the last increase in the money supply within the banking system.
Press office of the bank said in a statement received "direction Press", a copy of "The director general of the bank Khawla student Jabbar confirmed through their participation in one of the economic seminars on the importance of e-cash and its impact on increasing the money supply within the banking system," indicating that "contribute to the creating deposits outside the banking records and helps to monitor and control the movement of these deposits. "
She Jabbar "The electronic system helps eliminate corruption and fraud and speed up the collection and payment and provision of services have the consent of the citizens and increase the level of culture among the society", calling on the media to "that supports the banking business in Iraq and not to discredit the banks because that will shake the trust between the public and the banks ".
And he stressed " the need to leave work instruments system before issuing the e - dinar with the emphasis on raising public awareness of distasteful regimes electronic payment."
The Central Bank of Iraq, in February, ready for the application of the electronic payment system and the launch of e - dinar increase contributes about dealing with the banks and reduce the problems of the cash deal.
http://aletejahtv.org/permalink/143379.html
Last edited by on Tue Jan 10, 2017 12:55 pm; edited 1 time in total
_________________
Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride
201/10/2017 New Year, New Way of Banking Yesterday at 12:39
here is the link to 07/31/2016 E-Dinar and a copy for you to read
The central bank sets 2017 as the date for the launch of the electronic currency is expected to rise in oil prices
Author: AB, HH
Editor: AB, HH 07.30.2016 17:12
Long-Presse / Baghdad
Select the central bank governor on the Keywords, Saturday, 2017 as the date for the launch of the electronic currency through the mail or e-dinar cards, with the exception that it will facilitate dealings between the state institutions, the expectation of rising oil prices.
He said on the Keywords in an interview to the (long-Presse), "The next year, 2017, will see the launch of the electronic currency after the termination of the Central Bank of infrastructure structures necessary for the operation of electronic payment through the mail dinar or electronic tags, which facilitates transactions between state institutions," noting that " the end of this year or next year will work directly in the new Central Bank building. "
Keywords and added, that "the country is facing economic challenges and overcome them dependent on an improvement in oil prices as a financier President of Finance for the budget of the country," stressing that "there are indications demonstrate near the high oil prices in the global markets."
https://almadapress.com/ar/news/74154/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%AD%D8%AF%D8%AF-2017-%D9%85%D9%88%D8%B9%D8%AF%D8%A7-%D9%84%D8%A5%D8%B7%D9%84%D8%A7
_______________________________________
the central bank governor on the Keywords, Saturday, 2017 as the date for the launch of the electronic currency through the mail or e-dinar cards
"The next year, 2017, will see the launch of the electronic currency after the termination of the Central Bank of infrastructure structures necessary for the operation of electronic payment through the mail dinar or electronic tags, which facilitates transactions between state institutions," noting that " the end of this year or next year will work directly in the new Central Bank building.
Lets talk about this announcement from the CBI and what it means. The technology age is finally arriving in Iraq. This electronic system is exactly what has been needed for years and we have said that all along.
I spoke with BondLady about this article this morning and here are our thoughts. This a well thought out plan and it obviously has the IMF written all over it .Remember when they stopped the auctions and what a fiasco it was. Not a good plan ! It just proved how incompetent they were , thank God for the IMF and the likes of the World Bank etc...
But this is more to our liking, a well thought out plan to move the country forward with each step analysed and implemented at the appropriate time !
We have learned how Iraq has been setting up the smart card and getting the facilities ready in many of the provinces with the goal of having it in ALL of the provinces. This smart card not only covers rations and benefits but salaries are paid on it as well.
That action itself was the beginning of getting the people used to using an electronic system of money. As more people are included in the system the easier it will be for them to transition into the electronic forms of payments and receivables. In turn, this will bring in much of the dinar off the streets which we know is necessary to the currency reform plan. The only way to get the people to give up the dinar under their mattresses was to get them to use this system, get used to it and protect their money. The Deposit Insurance Law was published in the Gazette on July 24th, 2016 so that part is done ! The people will have to use the system whether they want to or not, no way around it going forward.
Iraq is now discussing modifying the tax code because it is hurting the people having to pay taxes on their salaries but they cannot go backwards on this. The people should be able to pay their taxes as the currency reform continues. Oh they won't like to pay it just like we don't but it is part of the free market and how revenue is generated.
Prime Minister Abadi replaced many bank managers and the Speaker of the House Jubouri made a statement yesterday:
"Parliament speaker stresses importance of strengthening the role of the banking sector and make it more flexible and realistic to get out of the economic crisis"
He called on the Speaker of parliament to take all measures that will enhance the role of the sector banking to ensure updates the economic vision of the banking business and make it more flexible and realistic out of the economic crisis with minimal losses and record time. for their part , the price to attend parliament 's role in supporting the banking sector through the procedures and laws legislated and which contribute to the recovery of the banking and economic movement in the country.
Information Office of the President of the House of Representatives Iraqi 07/30/2016
http://www.parliament.iq/details.aspx?id=67900&AlwType=Pre
Love some record time . We saw Ernst & Young taking control of the state banks and they indicated it will take 125 working days max to do what needs to be done. Which should be somewhere around November for completion. The timing is no coincidence I am sure.
Back in June the Cabinet approved the launch of electronic applications for the 6 trillion dinar stimulus loans, even the Integrity Commission is electronic now.
So the announcement from the CBI is saying they preparing the infrastructure and facilities for E-dinar, getting everything ready for the end of the year or the beginning of 2017. Tis a beautiful thing !
This will open them up internationally,reduce corruption and eliminate red tape. There won't be much need for the currency traders either . Also it will stop much of the currency counterfeiting ! This will reduce and eventually eliminate the need for the dollar as the program gets into full swing. This opens the door for the deletion of the 3 zero's !! This is everything "currency reform" the epitome of the plan !
The stars are lining up !
Yesterday at 5:11 pm by Rocky
» Sudanese advisor criticizes Kuwaiti analyzes regarding the development road project
Yesterday at 2:21 pm by Rocky
» Al-Mandalawi stresses the need to strengthen economic and trade cooperation between Iraq and Poland
Yesterday at 2:04 pm by Rocky
» Power maneuvers: America provides defensive weapons to Kurdistan in exchange for withholding from Ba
Yesterday at 10:26 am by Rocky
» Kuwait is drilling an oil well near Umm Qasr, towards Iraqi territory
Yesterday at 10:24 am by Rocky
» In the document... the first Iraqi ministry identifies the obstacles to changing the new official wo
Yesterday at 10:22 am by Rocky
» Italian Institute: Iraq is stuck in its own crises, including Baghdad’s efforts to undermine the “au
Yesterday at 10:21 am by Rocky
» The head of the Integrity Commission announces the holding of an international Interpol conference i
Yesterday at 10:18 am by Rocky
» Planning: Iraqi companies are not efficient in conducting the population census
Yesterday at 10:14 am by Rocky
» utube MM&C 4/24/24 Support - USA- Turkey - Timing- Currency Value - Tabled
Yesterday at 8:08 am by Rocky
» MM&C 4/25/24 National Bank of Iraq goes live with Temenos core banking and payments
Yesterday at 8:06 am by Rocky
» A banking official indicates a "danger" to Iraq by depriving more than half of its banks of dollars
Yesterday at 7:55 am by Rocky
» With the participation of the Association of Private Banks, investment opportunities are on the tabl
Yesterday at 7:45 am by Rocky
» Within a month... an Iranian border crossing recorded a noticeable increase in exports of goods to I
Yesterday at 7:44 am by Rocky
» The Association of Private Banks appreciates the efforts of the government and the Central Bank to c
Yesterday at 7:43 am by Rocky
» Al-Maliki's coalition presents a third candidate for the position of governor of Diyala
Yesterday at 6:57 am by Rocky
» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
Yesterday at 6:56 am by Rocky
» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
Yesterday at 6:54 am by Rocky
» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
Yesterday at 6:53 am by Rocky
» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
Yesterday at 6:51 am by Rocky
» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
Yesterday at 6:49 am by Rocky
» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
Yesterday at 5:09 am by Rocky
» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
Yesterday at 5:08 am by Rocky
» Iraq's oil exports rise despite OPEC+ cuts
Yesterday at 5:06 am by Rocky
» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
Yesterday at 5:04 am by Rocky
» Al-Araji emphasizes working to strengthen national identity
Yesterday at 5:02 am by Rocky
» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
Yesterday at 5:01 am by Rocky
» Iraq is talking about producing one million additional liters of gasoline
Yesterday at 4:59 am by Rocky
» The Council of Ministers approves the implementation of the Baghdad Metro project
Yesterday at 4:56 am by Rocky
» Minister of Commerce: We formed a joint economic committee with Türkiye
Yesterday at 4:55 am by Rocky
» Resources: Government measures have contributed to improving the water situation in Iraq
Yesterday at 4:53 am by Rocky
» Parliamentary Finance: Baghdad will continue to send salaries to the region’s employees until settle
Yesterday at 4:51 am by Rocky
» A parliamentarian describes the corruption of Iraqi ports as “ghouls” and reveals the involvement of
Yesterday at 4:49 am by Rocky
» Obelisk Hour: Basra is the subject of political conflict and ambiguity over the fate of the funds al
Yesterday at 4:48 am by Rocky
» Turkmen leader: An agreement on the local government of Kirkuk is near
Yesterday at 4:45 am by Rocky
» Anbar calls for the operation of its factories despite financial obstacles
Yesterday at 4:44 am by Rocky
» Turki: The crisis of the Presidency of Parliament prompted the Sunnis to amend the Council’s interna
Yesterday at 4:43 am by Rocky
» The Agriculture Committee confirms the existence of Iraqi-Turkish-Iranian discussions on water
Yesterday at 4:42 am by Rocky
» Resources diagnose the challenges facing the water file in Iraq
Yesterday at 4:38 am by Rocky
» Parliament pledges to the Interior Ministry: We will transfer money to buy weapons from citizens
Yesterday at 4:33 am by Rocky
» Al-Issawi is the closest.. Parliament sets the date for deciding the choice of the new president
Yesterday at 4:31 am by Rocky
» Deputy: Iraq's investments have risen and need a comprehensive review of previous years
Yesterday at 4:30 am by Rocky
» Iraqis consume 7 billion eggs annually and import about $900 million
Yesterday at 4:28 am by Rocky
» The Iranian role complicates attempts at open cooperation between Iraq and Turkey. Turkey is trying
Yesterday at 4:26 am by Rocky
» Move in Iran to obtain $242 billion from Iraq in compensation for the eight-year war
Yesterday at 4:25 am by Rocky
» 12 decisions from the Council of Ministers regarding the Baghdad Metro and Najaf-Karbala train proje
Yesterday at 4:23 am by Rocky
» Sudanese Advisor: The path to development has begun... the Baka and the militias “we silence them wi
Yesterday at 4:21 am by Rocky
» Not from Kurdistan.. How did Iraq become a source of oil for “Israeli tanks”?
Yesterday at 4:19 am by Rocky
» Parliamentary Agriculture criticizes the Sudanese and Erdogan agreement: Türkiye will control water
Yesterday at 4:16 am by Rocky
» The Iraqi government issues new decisions
Thu 25 Apr 2024, 2:35 pm by Rocky
» The story of “reduced oil” to Jordan, from “compulsion” to mutual benefit.. Is there a loss?
Thu 25 Apr 2024, 2:33 pm by Rocky
» The Council of Ministers takes 12 decisions for the Baghdad Metro and the Najaf-Karbala train
Thu 25 Apr 2024, 2:32 pm by Rocky
» utube MM&C 4/23/24 Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking
Thu 25 Apr 2024, 10:18 am by Rocky
» Kidney from pig transplanted into deathly ill New Jersey woman — and begins working almost immediat
Thu 25 Apr 2024, 10:15 am by Bama Diva
» The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an
Thu 25 Apr 2024, 9:48 am by Rocky
» Trade from the “Economic Committee” with Türkiye: It will overcome all obstacles facing the traders
Thu 25 Apr 2024, 9:46 am by Rocky
» Washington's hope for stable relations with Baghdad clashes with Iraqi parties' rejection of the Ame
Thu 25 Apr 2024, 9:41 am by Rocky
» Karim Badr: Development is America’s will to kill silk
Thu 25 Apr 2024, 9:36 am by Rocky
» Oil: Opening of a new port for liquid gas for vehicles in Baghdad
Thu 25 Apr 2024, 9:33 am by Rocky
» A media advisor warns of corruption in a draft law on the Parliament’s agenda
Thu 25 Apr 2024, 9:21 am by Rocky
» Economist: There is serious work to lift US sanctions on Iraqi banks
Thu 25 Apr 2024, 9:16 am by Rocky
» Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Thu 25 Apr 2024, 7:52 am by Rocky
» Iraq continues its quest to join the World Trade Organization
Thu 25 Apr 2024, 7:51 am by Rocky
» Iraq completes the completion of the files for the initial offer of goods and services to join the W
Thu 25 Apr 2024, 7:50 am by Rocky
» Economist: Travelers' dollars are leaking into the parallel market...and this is what the Central Ba
Thu 25 Apr 2024, 7:32 am by Rocky
» President of the Federal Court: It is not permissible to force anyone to join any party, and the pol
Thu 25 Apr 2024, 7:30 am by Rocky
» The Council of Ministers holds its session headed by Al-Sudani
Thu 25 Apr 2024, 7:27 am by Rocky
» America weakens Baghdad...and increases Kurdistan's military capabilities
Thu 25 Apr 2024, 7:26 am by Rocky
» The Iraqi government plans to build 10,000 schools throughout the country
Thu 25 Apr 2024, 7:23 am by Rocky
» American threats close the Iraqi Stock Exchange at a loss
Thu 25 Apr 2024, 7:21 am by Rocky
» Increase in external transfers at the Central Bank
Thu 25 Apr 2024, 7:20 am by Rocky
» Al-Maliki calls on Britain to cancel restrictions on the entry of its companies into Iraq
Thu 25 Apr 2024, 7:18 am by Rocky
» Planning and the European Union are discussing signing a number of agreements in the development, en
Thu 25 Apr 2024, 7:16 am by Rocky
» Parliament talks about the mechanism for recovering smuggled funds and hints at the next stage
Thu 25 Apr 2024, 7:13 am by Rocky
» Interior Ministry: The number of completed national cards reached 37 million cards
Thu 25 Apr 2024, 7:06 am by Rocky
» Amnesty International: Violations of freedom and human rights continue in Iraq and the Kurdistan Reg
Thu 25 Apr 2024, 7:04 am by Rocky
» Parliamentary Oil: The government is proceeding with the decision to raise the price of improved gas
Thu 25 Apr 2024, 7:03 am by Rocky
» A parliamentary committee in Basra to investigate violations of the port company and the local gover
Thu 25 Apr 2024, 7:00 am by Rocky
» Revealing the 10 most important American exports to Iraq
Thu 25 Apr 2024, 5:31 am by Rocky
» A noticeable increase in the rate of Iraq's import of Chinese cooling devices
Thu 25 Apr 2024, 5:30 am by Rocky
» Prime Minister: Working on projects without completing the infrastructure is a waste of money
Thu 25 Apr 2024, 5:28 am by Rocky
» Iraq.. Extending the deadline for registration procedures on plots of land
Thu 25 Apr 2024, 5:27 am by Rocky
» What is the main purpose of conducting the population census in Iraq?
Thu 25 Apr 2024, 5:25 am by Rocky
» A plan to transform Iraq from a barren land to green with 5 million trees
Thu 25 Apr 2024, 5:24 am by Rocky
» The Housing Fund announces the acceptance of more than 11 thousand loans through the Ur platform
Thu 25 Apr 2024, 5:23 am by Rocky
» The Bank of Baghdad is moving to increase its capital to 400 billion dinars
Thu 25 Apr 2024, 5:20 am by Rocky
» The electronic payment system will soon be adopted on Iraqi buses
Thu 25 Apr 2024, 5:19 am by Rocky
» “It threatens our interests and destroys our economy.” An Iraqi project “irritates” the Kuwaiti stre
Thu 25 Apr 2024, 5:18 am by Rocky
» Warning from the Central Bank about “misuse of electronic payment cards”
Thu 25 Apr 2024, 5:17 am by Rocky
» Iraq and the Sultanate of Oman are discussing sending capacities through the Gulf countries
Thu 25 Apr 2024, 5:16 am by Rocky
» The fact that a decision was issued to deport Syrian workers from Iraq
Thu 25 Apr 2024, 5:14 am by Rocky
» Rice comes first... America exports 10 foodstuffs worth more than 350 million dollars to Iraq
Thu 25 Apr 2024, 5:14 am by Rocky
» A sixth licensing round for gas exploration
Thu 25 Apr 2024, 5:12 am by Rocky
» Baghdad is preparing to host the 50th session of the Arab Labor Conference
Thu 25 Apr 2024, 5:11 am by Rocky
» Scientific symposium on the future vision of the tripartite budget
Thu 25 Apr 2024, 5:09 am by Rocky
» Five conversion power stations enter service in Najaf
Thu 25 Apr 2024, 5:08 am by Rocky
» Planning: Conduct a population census next November
Thu 25 Apr 2024, 5:07 am by Rocky
» Experts: Spreading misleading information harms development and investment
Thu 25 Apr 2024, 5:03 am by Rocky
» Economists call for tightening money laundering laws and port controls
Thu 25 Apr 2024, 5:02 am by Rocky