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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


+2
weslin3
Rocky
6 posters

    The success of the Central Bank in the management of foreign currency and reserves

    Rocky
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    The success of the Central Bank in the management of foreign currency and reserves Empty The success of the Central Bank in the management of foreign currency and reserves

    Post by Rocky Fri Jul 20, 2018 9:52 am

    The success of the Central Bank in the management of foreign currency and reserves

    The success of the Central Bank in the management of foreign currency and reserves was the result of a number of important steps taken by adopting a new method in the management of foreign reserves through self-management, where the bank performs the renewal of deposits and currency conversion itself according to the latest international practices in this area.

    The movement of the foreign currency has been pursued internally through the introduction of a new system for the series of banknotes and tracking them until they reach the exchange companies. The system has started to operate in electronic form, starting with recording the dollar sequence electronically until the final distribution of the cash categories, Ensures that the dollar does not reach the terrorist organizations listed on the OFAC list, which is one of the world's most sophisticated systems and a requirement to comply with the distribution of the dollar.

    In order to control the flow of foreign currency issued by the Central Bank instructions for the sale and purchase of foreign currency for the year 2017 and continued to follow the commitment of banks in quarterly terms, as well as to follow a package of administrative procedures to close the exchange rate gap, which contributed to control the sales of the dollar and stability of its price.

    In the same context, user security applications were approved with SWIFT International for the first time, as well as work to comply with all SWIFT network users in Iraq to implement these standards according to the time limit set for them.
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    Post by weslin3 Fri Jul 20, 2018 10:20 am

    This is good news... SWIFT is in operation. thumbs
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    Post by weslin3 Sat Jul 21, 2018 12:02 am

    The system has started to operate in electronic form, starting with recording the dollar sequence electronically until the final distribution of the cash categories, Ensures that the dollar does not reach the terrorist organizations listed on the OFAC list, which is one of the world's most sophisticated systems and a requirement to comply with the distribution of the dollar.

    I'm surprised no one has said anything about this... System has started to operate.. Is this good news or not?
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    Post by Diamond Sat Jul 21, 2018 12:10 am

    means weslin, we dat much closer  lol!
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    Post by mochasmom Sat Jul 21, 2018 2:36 am

    Yes we are
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    Post by Lobo Sat Jul 21, 2018 3:48 am

    Great news, thanks Rocky.  By finally -

    user security applications were approved with SWIFT International for the first time, as well as work to comply with all SWIFT network users in Iraq to implement these standards according to the time limit set for them -

    MEANS that the MasterCard and VISA can be used internationally - all credit cards and debit cards are processed through SWIFT - the MOUs are in place, the banks have been in training, the CBI has been working quietly but consistently to bring Iraq into the global community financially - KEEP PRAYING, with the opening of the TRADE BANK in Saudi Arabia, shows just how close we are getting.
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    Post by weslin3 Sat Jul 21, 2018 3:52 am

    Diamond wrote:means weslin, we dat much closer  lol!
    I would think so Diamond... Dance banna2 banna3 drunk
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    Post by Lobo Sat Jul 21, 2018 4:20 am

    Don't forget that all the banks in Iraq already have their SWIFT codes, so once the RV happens, they are ready to go.
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    Post by Diamond Sat Jul 21, 2018 4:28 am

    azareus wrote:Closer than yesterday
    That's closer than what you said yesterday, day before yesterday an before that  lol!

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