phxvalleygirl

Thanks, paperboy! That's comforting, at least, that CBI took them over. I probably should have come back here and followed up more often... I was warned by a broker not to deposit into Warka, and he may have been correct.

So, Warka is in receivership? Any chance that we'll get our invested money out of the accounts? Is anyone following this? Yikes, why would we want to open a Warka then, if they are in receivership?

What is the interest rate that Warka pays?

So, if I transfer my Warka Dinar to USD, does that create a taxable event at that moment? I'm sure that either Warka reports to IRS, OR transactions are discoverable by IRS. Want to do the right thing, of course.

I pray that they had some intel that led them to believe this was coming, and hope that it's still in the chute! We could all use a payday. Go RV!

It is 1/14/02 at 11:47 pm Arizona time--just receive an email from Mohammed Issa: You will need to advice your bank to add your account number as your transfer will be declined by our system if the account details are not indicated...where it is vital to execute your wire transfer in accordance with the instructions provided by our customer accounts department... For any further questions please contact our customer accounts department c.accounts@warka-bank-iq.com they will be of full assistance and support. As senior executive management do not handle customer inquiries and transactions in accordance with standard banking protocols and just to keep you updated with our working procedures and as posted on our website notice February 8th 2010 you are kindly requested to direct your inquiries and emails to the related specific department at are our bank that handle customer inquiries to be of best assistance and support as they are the related departments handling customer inquiries for each specific banking matter . Emails directed to the non –related department will be automatically deleted by our web administrator and considered null and void by our bank noting that a reply will be provided within 3 business days where Friday and Saturday is a weekend in Iraq. Also emails sent over the weekend Friday and Saturday outside our business days and hours while our bank is closed will be considered null and void. For further information related to your account and the fine services provided by our good bank please take a moment to visit our website www.warka-bank.com <http://www.warka-bank.com/> news bulletin to view the latest notices and the contact details of the related departments that will best handle your inquiries. We have several departments that will specifically handle each banking affair to your best interest by contacting them directly. Thank you for following our regulations, guidelines and working procedures which have been set to best serve our esteemed clients. Best regards, Mohammad K. Issa Deputy Managing Director Senior Executive Warka Bank for Investment and Finance This e-mail is confidential and the information contained in it is privileged. It should not be read, copied or used by anyone other than the intended recipient. If you have received it in error, please contact the sender immediately by return email, and delete the e-mail and do not disclose its contents to any person.

Yeah... sigh... live and learn, eh? They didn't really have a complete enough form for this type of transfer. Also, the weird thing was that they had a pull down menu with Warka Bank in Iraq as a direct wire (instead of Commerzbank as intermediary). I would have loved to try it, but there's got to be a reason that Warka uses Commerzbank, so I just wanted to follow the orders! Is anyone getting money OUT of Warka? Anyone have a debit or credit card?

You can sent Warka your notarized driver's license to open the acct.

That's great when it worked well for you - my money is likely floating somewhere in Germany not knowing where to go... the BofA wire transfer process didn't have enough spaces for all the information that Mr. Issa wanted in there. I just pray that Warka can contact Commerzbank and find the money and get it to my IQD account before this baby RV's. Why would I want that money in Warka post RV w/o the value of the exchange?

Great point, Broke No Mo'! I will do that also and let them correct me, once I get my money there. I pray that my transfer hits pre-RV

Yes, I also emailed Mr. Nassar in the wire transfer dept. and the SWIFT email address. We shall see - you'd think that they would email back to say "we don't have any confirmation yet, it takes awhile longer). Then again, I'm probably being paranoid and impatient and, after all, we're talking about Iraq! (An Iraqi attorney friend of mine went to the Middle East and family introduced him to a man. The man invited him to his home to enjoy good food, friendly discussion, etc. The man was in management for the electric company. The man received a phone call saying that the power had gone out in a vast area and he was needed to come and help restore the power for all these many people. This man replied, "No, I cannot come today as I am entertaining a guest in my home." THAT'S HOW THEY ROLL!!! The man didn't really even know my friend that well...but he came first.) So, who knows. Plus, my DL pix is horrible, so that's not helping, LOL!

Mr. Issa has been very responsive in setting up the account. However, I wired the money (via Commerzbank, Frankfurt, Germany) on 1/11, same day transfer, and have sent emails asking for them to be on the lookout for the funds. My bank says the transfer completed same day (I paid same day transfer fee). No Mr. Issa! No Warka personnel responding! I'm a little nervous about it because someone in Iraq said that Warka was implicated in a multi-billion dollar misappropriation of funds, etc. Great info after I've sent my money over there! Person said that I'd never get money out of Warka and Warka was not auth. to invest presently. Is this TRUE? People on this board have been having great service through Warka, it seems. Don't know what to think! Plus, I don't want the RV to occur before my money is in my account, converted to Dinar! [Maybe he didn't like the pix on my driver's license and he only likes blondes?]

Mr. Issa has been very responsive in setting up the account. However, I wired the money (via Commerzbank, Frankfurt, Germany) on 1/11, same day transfer, and have sent emails asking for them to be on the lookout for the funds. My bank says the transfer completed same day (I paid same day transfer fee). No Mr. Issa! No Warka personnel responding! I'm a little nervous about it because someone in Iraq said that Warka was implicated in a multi-billion dollar misappropriation of funds, etc. Great info after I've sent my money over there! Person said that I'd never get money out of Warka and Warka was not auth. to invest presently. Is this TRUE? People on this board have been having great service through Warka, it seems. Don't know what to think! Plus, I don't want the RV to occur before my money is in my account, converted to Dinar!

Thank you for this article!

Exactly - and I've heard that we will loan them money to cash people out. I've encountered so many who don't realize that they have to have USD to exchange for Dinar when people cash out. As someone has already written, the Dinar was created to print wealth. It's the solution to a global enigma. Americans and citizens of the world have paid through their noses to fund all of these wars and the military industrial complex since the time we were born. We have not had a decent standard of living because of it (it takes multiple persons in most families for them to live well). You hit this one right! Go RV!