TIDBIT FROM FNU LNU , 20 NOV

  Fnu Lnu 

 When it comes the issue of money transportation to and from the bank at exchange time, any thinking person would already have their currency in a safe deposit box, so when the time comes, you transport your currency a matter of feet, within the confines of the bank, with armed guards standing by.

 Or better yet, and far more intelligent, have your currency in a depository. 

Then you hold an SKR ( Safe Keeping Receipt) which you present to the depository and THEY transport your currency to the bank.

 You can also have arrangements made with the bank where you can present your SKR to the bank manager and he will summons the currency from the depository.

 This armored truck, escort business is just plain silly...I have my currency in a depository and I hold an SKR. 

The buyers have their payment for my "Private Contract" sale, deposited into a COLTAF account, and when the big event happens, I do nothing at all. I just check my bank account online to make sure the amount is proper. BTW...there is still time to take your currency to the bank and put it in the safe deposit box.

FIREFLY: THE IRAQI DINAR WILL SURPASS THE VALUE OF THE KUWAIT DINAR @DIN...

"TARGETS" BY FRANK26, 20 NOV

KTFA

FRANK26: "TARGETS".........F26 

Geographical distribution of companies

November 19, 2024

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Geographical distribution of exchange companies for all categories (A, B) ... For more, click here

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https://cbi.iq/news/view/2716

 

TIDBITS FROM MARKZ, 20 NOV

 MarkZ  

 [via PDK]  

Question:  rates on the dong seem lower than previously estimated, Do you think VND will be .39 for us? 

 I still think rates will be higher than .39 cents…Just think we spent about $50 bucks for a million dong…. If it RVs at .39 cents that is a ROI of $390,000.00 per 1 million dong…who is going to complain about that? Turning $50 bucks into $390 thousand... I am still hearing a rate of low $2+.

TNT: Some banks have received memos today that the RV is happening @DINA...

‘MyAccount’ team welcomes Iraqi PM’s banking decision, plans to add three private banks, 20 nov

 ‘MyAccount’ team welcomes Iraqi PM’s banking decision, plans to add three private banks

KurdistanMyAccountKurdistan Region Banking SystemIraqi PMMohammed Shia al-Sudani

Nov. 19, 2024

ERBIL (Kurdistan24) – The ‘My Account’ project team welcomed Iraqi Prime Minister Mohammed Shia al-Sudani’s decision to support private banks in salary banking initiatives, announcing plans to integrate three additional private banks into the system.

In a statement to Kurdistan24 on Tuesday, the project team emphasized that the Iraqi Prime Minister’s decision “serves the interests of all citizens and paves the way for complete economic growth in Iraq and the Kurdistan Region.”

The team confirmed they are operating in accordance with Central Bank regulations and the Federal Court’s latest clarifications, noting that “all Central Bank-authorized banks, whether government or private, undergo continuous auditing and maintain connections with other international banks, enabling them to generate economic growth.”

Following this development, the team announced plans to expedite the integration of three additional private banks into the project, alongside existing government and private banking partners, to enhance service delivery to citizens.

The team urged salary recipients to complete their banking forms through the ‘My Account’ system before year-end, citing alignment with the Federal Court’s July 2024 clarification.

The ‘My Account’ project represents a significant step in Iraq’s banking modernization efforts, aimed at transitioning government salary payments from cash to electronic banking systems. This initiative is part of broader economic reforms to modernize Iraq’s financial infrastructure and reduce cash-based transactions.

The addition of new private banks to the system reflects growing confidence in the private banking sector and efforts to expand banking services across Iraq and the Kurdistan Region. The project aligns with international banking standards and aims to increase financial inclusion while reducing administrative costs associated with cash salary distributions.

https://t.co/aw18Oq3Bvz

TIDBIT FROM REINALDO JC, 20 NOV

REINALDO JC

Iraq

Well, well, well look at this from the CBI…(imo)This may be a great opportunity/excuse by the Iraq Gov’t to have curfew to lock everyone up indoors while the lower notes gets distributed to compliant banks & exchange companies across Iraq?

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