Harley1 » April 4th, 2017
(See CC Notes) Frank26 Quote: 50% profit transfer to their treasury … I believe this is for liquidity reasons. The number 5 Billion equivalent to 5 Tillion IQD’s … that’s not … not 1 to 1 … WHAT IS IT?
StephenMac63 » April 4th, 2017
Getting the gears going.... if you were the CBI, when would you send out a notice of change to your banks? First factor in that it is just a Notice of Change, I dont think the CBI will tell the banks what the IQD will be worth in this particular notice, its just a "Hey guys, heads up, there's going to be a change"
This would prevent banks from any shenanigans should they desire
Ok, so its just going to be an alert, thats all. Now when would you send this? They need 24 hours. Wouldn't do it at the end of the banking hours, nor would you do it during banking hours. I think they would issue this notice just before the banks open for business. The manager will inform everyone " Hey all, there's going to be a change in the IQD". This way, the tellers and manager couldn't capitalize on the situation.
Another scenario is only the bank manager will have the notice but not need to inform the tellers.
In any case, Im thinking that yes, the 1000:1 could easily pop into a 1:1, but there is a lag time that needs to be recognized. Imagine that you go to a bank and pass a fruit stand outside that has an apple for 1000 dinars advertised. You go into the bank and are informed that the IQD is now 1:1, now you go back outside and see the same vendor with the same price tag......what will happen?
This is why there is a need for everyone to be informed at the same time about the 1:1. That is going to be quite a celebration, wow! Please feel free to poke holes into the theories and I will be more than happy to alter if it's sound.
OldManRiver » April 4th, 2017
At least thats the scenario I've been hearing for years.
Don961 » April 4th, 2017
Rafidain Bank issued, Wednesday, a clarification on the unique localization of salaries and financial services waiting staff in Iraq, and how to benefit from it financially.
What does it mean localization of salaries:
It is employees in the private sector or the public of hand salaries to transfer the salaries received from their constituents to be received from banks , government banks or civil process through a special account opened for an employee of the bank and the withdrawal of it by the electronic payment card or receives cash from the bank.
Iraq: giving us circles employees Almutnh their salaries in advance and loans of
Iraq issued electronic payment to the staff of the Department of Awqaf Muthanna to receive their monthly salaries tools
The advantage of using localization system:
This system began to spread in many countries of the world with the expansion of business and services banks and banks with the increasing volume of electronic transactions and the result of the pursuit of these banks and the banks to shorten the time, effort and cost in their dealings and transactions of various financial citizens and leave dealing with cash and risks.
What do you enjoy localization payroll system:
Localization of salaries back several advantages for many financial and service benefits to employees, these benefits vary between the Bank and the other system and enjoy some of these features will show: -
1. The settlement will reduce the risk of transfer of employee money in cash.
2. Each employee will be given a special card salary settle salary through which they can withdraw his salary to various points of sale (ATM / POS / Internet / ...) locally and globally.
3. The employee complete freedom in the deposit and withdrawal of financial and conversion and at his discretion and at any time.
4. It may not be an employee of any fees to open an account.
5. the employee's salary of monthly commissions regular employee may be exempted, such as (a commission low balance / account management).
6. meets the nominal amount of the employee for some financial services as a service transfer and salary card (this will be subject to an agreement with the point of salary).
7. may be made available to the employee to use the card to withdraw cash salary or purchases.
8. Employee may enjoy electronic banking services for free and without benefits.
9. localization of the salary of the employee will provide a package of banking products and services and facilities on loans.
10. helps the employee to automatic savings and withdraw it needs only.
He stressed Rafidain Bank, in (1 March 2017), the importance of settling the employees' salaries in electronic accounts to give them loans and advances.
EHankins » April 4th, 2017
IF I WERE A BANK AND I OPENED LINES OF CREDIT TO COMPANIES PUBLIC AND PRIVATE I WOULD WANT TO HAVE A RETURN ON MY LOANS WITH A CONSIDERABLE RATE OF INTEREST.
ACCORDING TO THIS ARTICLE THIS IS A WAY OR MEANS OF SETTLING "INTERNATIONAL SALES. I KNOW IT'S A BAD WORD BUT THERE HAS TO BE A RATE..
EVEN OFFICIALLY SET BY THE CBI AS MENTIONED IN THE ARTICLE. SOMETHINGS EITHER WRONG OR VERY RIGHT HERE. IS THIS POINTING AT THE CONTINUING "SPECULATIONS" OR IS THIS SIGNIFICANT MEANING IRAQ HAS A "RATE" OF AN INTERNATIONAL VALUE.
HAS VALUE BEEN GIVEN HAS IT BEEN RAISED? BUT THEN AGAIN, THIS COUILD BE EVIDENCE OF "THE THINGS MOTION."
I'M NOT LOOKING FOR A RATE BUT THIS SEEMS TO BE EVIDENCE OF MORE THAN A PROGRAM RATE STANDING STILL.....IMO.
Walkingstick » April 4th, 2017
Rashid directs its branches to open letters of credit for companies
The face of the Rasheed Bank, on Monday, its branches open letters of credit for companies from the public and private sectors, indicating that the amount of credits are converted at the official rate set by the Central Bank.
Director General of the Bank of Rashad Khudair alone in a statement: "Economy News", that "the bank has received the face of its branches in Baghdad and the provinces to open letters of credit for companies public and private sectors," noting that "the process is the most effective means of settling international sales."
He added that the single "letters of credit will ensure that the seller receiving the price of the goods and the buyer received and by correspondent banks Rasheed Bank and abroad in accordance with the regulations," asserting that "the amount of credits are converted at the official rate set by the Central Bank of Iraq."
Don961 » April 4th, 2017
Policy role increasing for president’s son-in-law
Jared Kushner (third from left), President Trump’s son-in-law and senior adviser, accompanied Chairman of the U.S. Joint Chiefs of Staff Gen. Joseph Dunford (second from left) to discuss Iraq’s security in the face of threats from the Islamic State. (Associated ... more >
By Carlo Muñoz - The Washington Times - Monday, April 3, 2017
Stepping up the drive to clear out Islamic State’s last strongholds in Syria and Iraq, Jared Kushner, President Trump’s son-in-law and increasingly influential adviser, arrived Monday with Joint Chiefs of Staff head Gen. Joseph Dunford for talks in Baghdad with top Iraqi military leaders.
Mr. Kushner’s presence during this week’s trip, a rarity for senior White House officials outside national security circles, could indicate that Mr. Trump is moving closer to his goal of refocusing the U.S. war strategy against the terror group.
Mr. Trump has already delegated significant autonomy to Pentagon officials to run the war against Islamic State as they deem fit, after having criticized the Obama administration for putting too many restrictions on U.S. military activities in the fight.
A member of President Trump’s inner circle, Mr. Kushner has been named the administration’s point man on the Israeli-Palestinian conflict. Gen. Dunford personally invited Mr. Kushner, as well as White House homeland security adviser Tom Bossert, to accompany him to Iraq.
The trip has raised some eyebrows because Mr. Kushner, who met with Iraqi Prime Minister Haider al-Abadi two weeks ago on his trip to Washington, is traveling to Baghdad before Secretary of State Rex W. Tillerson makes the same trip.
Mr. Kushner was “traveling on behalf of the president to express the president’s support and commitment” to U.S. and Iraqi forces battling Islamic State, said Joint Chiefs spokesman Capt. Greg Hicks.
Mr. Kushner, who is married to Mr. Trump’s daughter, Ivanka, is expected to take a major part in meetings later this week between Mr. Trump and Chinese President Xi Jinping in Florida.
Gen. Dunford told reporters en route to Iraq the invitation extended to the White House officials, which was only revealed Sunday, was to provide the White House “first-hand and unfiltered” assessment of the U.S.-led campaign against Islamic State.
Increasing the ferocity of the American-backed Iraqi campaign against Islamic State was one of President Trump’s key campaign promises. Shortly after taking office in January, the commander in chief initiated a comprehensive review of the Obama-era war plan, which candidate Trump lambasted as a piecemeal approach that was moving too slowly against Islamic State strongholds such as Mosul in Iraq and the Syrian city of Raqqa.
While the new strategy remains under White House review, U.S. and coalition commanders on the ground are already looking past the looming endgame in Mosul and Raqqa.
Iraqi forces and Kurdish militias continue to press deeper into western Mosul, engaging, during the six-month campaign, in some of the most brutal urban warfare since World War II, Lt. Gen. Stephen Townsend told reporters last week.
In Syria, U.S.-backed paramilitaries under the Syrian Democratic Forces banner took Tabqa Dam, a key redoubt for the Islamic State. The dam complex and its adjacent airfield could be a key staging area for the upcoming Raqqa assault.
But as Islamic State prepares to make its final stand amid intensified fighting, preventing collateral damage while preparing for life in the city after Islamic State has set up its own series of challenges.
At the onset of the Mosul campaign, coalition officials estimated that a 35,000-to-40,000-man local force would be needed to hold Iraq’s second-largest city once Islamic State was driven out. Coalition officials did not provide estimates for the potential security force needed for Syria at the time.
The more pressing issue is ensuring the tens of thousands of Mosul’s 2.5 million citizens caught in the crossfire survive long enough to see Islamic State driven from their city. U.S. commanders are already facing sharp questioning about the number of civilian casualties that have occurred in the Iraqi and Syrian campaigns.
U.S. Central Command has opened two official investigations into mass civilian casualties tied to U.S. airstrikes in Syria and Iraq.