Monday, May 6, 2024
Al-Rafidain Bank announces the implementation of the comprehensive banking system in its branches in Karbala and Mosul, 6 MAY
Al-Rafidain Bank announces the implementation of the comprehensive banking system in its branches in Karbala and Mosul
Al-Rafidain Bank announced, this evening, Saturday, the implementation of the comprehensive banking system in its Hindiya branches in Holy Karbala and Ashur in Mosul.
A statement from the bank, a copy of which {Al-Furat News} received, stated: “To join the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the branches of the border crossings (Zurbatiyah - Safwan - Arar - Trebil) in an important step to leave the paper work and move completely towards... Electronic transformation.
The bank confirmed, “The plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all branches of the bank in implementing the system, especially since one of the priorities and adoptions of the government program is electronic transformation in financial transactions, reducing episodes of red tape for citizens, and reducing time and effort in completing citizens’ transactions.” link
"RV UPDATE" BY MNT GOAT, 6 MAY
Mnt Goat
I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period. Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks.
In what they have already accomplished just in the last 16 months, it would be silly to turn back now. Amazing progress in such a short period of time compared to 30 years.
They have come further than ever before. I say this not for hype or for the sake of being overzealous. Instead, I stick to the FACTS of what the news has been telling us recently and what my CBI contact has been telling us...Iraq has kicked the proverbial can down the road long enough and it is time...time to go global...Iraq will not survive unless they do something BIG with their currency soon and I mean very soon!
Within A Week...More Than One Billion Dollars In Sales From The Central Bank Of Iraq, 6 MAY
Within A Week...More Than One Billion Dollars In Sales From The Central Bank Of Iraq
Economy | 04/05/2024 Mawazine News – Baghdad The Central Bank of Iraq's total sales of hard currency for the US dollar amounted to more than one billion dollars during the period in which the auction was opened last week.
During the past week and for the week-day period in which the auction was opened, the Central Bank sold 1 billion 348 million 235 thousand 509 dollars, at a daily rate of 276 million 847 million 19 dollars, lower than what it recorded last week, which amounted to 1 billion 354 million 297 thousand 9 dollars.
The highest dollar sales were on Wednesday, when sales amounted to 282 million, 624 thousand and 465 dollars, while the lowest sales were on Sunday, when sales amounted to 270 million, 897 thousand and 422 dollars.
It is noteworthy that sales of foreign remittances during the past week amounted to 1 billion, 317 million and 475 thousand dollars, an increase of 95% compared to cash sales, which amounted to 66 million and 760 thousand dollars.
The sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of transfers abroad and the cash selling price reached 1,310 dinars per dollar. https://www.mawazin.net/Details.aspx?jimare=247277
Former Iraqi Bank associate and Iraqi bank owner #1 update BY WALKINGSTICK, 6 MAY
Walkingstick
[Former Iraqi Bank associate and Iraqi bank owner #1 update]
He just left Bagdad...he went to Hong Kong. What for?
He's got banks he's representing the CBI with, out there. These satellite banks are everywhere. They want their 3-zeros back.
They don't want them to go into anybody's federal reserves.
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Question: "What's the next major step that has to happen?"
We're looking for Sudani to make an announcement...They're going to come out and talk to them. It'll happen pretty much at the same time. It is leading up to that event.
[Iraqi Bank owner colleague #1]
[Iraqi Bank owner colleague #1 ]
The results from the meeting #1 was having with the CBI these last few weeks all of that information is now coming to the citizens 'to be revealed'. That's happening right now...a massive campaign of education to the citizens. This phase is talking to the citizens.
The new exchange rate is determined by the CBI on behalf of the GOI...
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Question: "Will Aki
[Walkingstick's Iraqi Bank owner here in the US]
exchange dinars for US citizens at his bank?"
Yes! That's the whole purpose.
FRANK26: SAYS
Walking Stick was on the phone with Frank during the subway. The head of Walking Sticks, who owns banks and ATMs in Iraq and Jordan, and his friend who runs his bank in Dearborn, Michigan, are at this big meeting at the CBI, with the 964-person delegation that was in D.C. Everyone is in this meeting.
It is the Arab Monetary Fund, the International Monetary Fund, the World Bank, all the companies and investors who have contracts are saying these words, about lower banknotes and a new exchange rate. Everyone knows that the exchange rate is about to change. Eddie said on television saying The budget will come to Parliament next week. Walking Stick and Frank believe that the exchange rate will rise and force parliament to hold an emergency session. Then Parliament would have to vote. There is too great a possibility of insider trading (parliament are criminals). Walking Stick says Sudani wants this now. Promises must be kept. Do you remember that they audited the banks? Maliki's State of Law Party tried to raise $600
Millions of dollars. The entire party is being shut down by the IMF, the FMA and the CBI. They were funneling funds to Iran across the border into Iran for their own enrichment. They and the private banks were closed. That's why they think that with all the corruption, they will have to announce the new exchange rate and the parliament will hold an emergency vote (after the exchange rate change). The CBI determines the exchange rate.
Sudani and CBI are working together. Those sanctions were lifted in time for a
Change of fee. Everyone at those meetings will be on stage with Sudani, including the two friends from Walking Sticks. Walking Stick says Sudani will make the presentation, and this will happen after that. Sudani wants it now, everyone is there waiting. It shouldn't take long.
-All credit to Frank and his team!
TRANSLATE SPANISH
Miércoles 24 Abril 2024
GOLDILOCKS: WTO ACCESSION PROGRESS OF IRAQ , 24 NOV
GOLDILOCKS The Secretariat plans to organize a Round Table to discuss Iraq's technical assistance needs to further facilitate its acces...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...