RAFIDAIN - LONDON ARTICLE AND BONDLADY CHAT

[TBomb]

THANK YOU BONDLADY, TLM724 AND EVERYONE FROM BONDLADY'S CORNER:

 

01/09/2014 (00:01 pm) 
Resumption of work at the Rafidain Bank in London within the Paris Club Adjustments

2014/09/01

Resuming work in the Rafidain Bank in London under the Paris Club adjustments

Baghdad/Ibrahim Ibrahim

Economists welcomed the reopening of the Rafidain Bank in London after working for 24 years, noting that the expansion of trade cooperation between Baghdad and the rest of the world has become an urgent need at the present time, demanding similar action in other States.


The Economist said the appearance of Mohammed Saleh in an interview for "the range", to "reopen the Rafidain Bank branch in London is an important step for trade and economic integration with international financial markets which represent the United Kingdom in the world's largest" status.

"The events following the invasion of Kuwait by the former regime has cost Iraq a lot, including the closure of Rafidain Bank in London for a resolutions freeze all stock including balances and public companies which prompted creditors legal proceedings to demand their money back."

The former adviser at the Central Bank that the previous period saw the settlement of debts by the Paris Club decisions that supported the Iraqi economy and private banking institutions and the Rafidain Bank to its history in the banking and financial transactions ".

The presence of the Bank in London, deepening trade and investment ties between Iraq and United Kingdom is opening a glimmer of hope for big expansion in various global markets. "

"The Iraqi State banks open branches in most European countries and particularly in the city of Frankfurt in Germany and Paris in addition to China, one of the major economies in the world and there is an annual plan for the Central Bank to open a branch in every year but unfortunately not activated for many reasons."

He pointed out that "the opening of bank branches is a reporter without the need for another broker costs a lot of money in addition to the development of the banking sector and trade in both private and Government from Baghdad to the European countries."

He noted that "there is an urgent need to provide the correct foundations in the process of opening bank branches by setting the talent and expertise of those qualities English language fluently and follow international standards, including transparency and the application of general accounting systems and global banking rules".
Economist, said Abbas Al-bahadili said in an interview for "term" that "Rafidain Bank is a prestigious international banks in the region and the world as a scientifically based process created during long years."

"The Decade of the 1990s of the last century as a result of decisions Iraq attributed the economic strides back and delayed Iraqi financial and banking institutions to catch up with global developments, which included all financial trading process in joints detail."

Al-bahadili said that "the closure of Rafidain Bank branch in London denied for nearly 24 years, deprived Iraq of continuing development by continuing friction with global financial institutions in the United Kingdom, which is the oldest global financial markets".

The "duty of Iraq requires banking institutions to open more than 10 branches of various banks in some European countries to coordinate banking and gain experience on the other hand add to short-circuit a lot of routine and expensive steps financially to develop different intermediaries in banking and financial exchanges between Iraq and the world."

Announced its intention to Rafidain Bank opening branch and resume its activity in London after settlement of all debts incurred by the United Kingdom.
The Director of the Bank in the name of Kamal Al-Hassani in a statement "the range", a copy of the Rafidain Bank branch in London, and is the first bank in Europe, was founded in 1952 and has a prominent role in the performance of banking outside Iraq.

The General management of the Bank the repayment of debts to the United Kingdom and is making great efforts to restore its presence and resume bank.
Al-Hasani said that the British side expressed its readiness to study the restoration section of the modern window to exchange trade and bank transactions with Iraq.

Rafidain Bank was stressed to pay pensioners living outside Iraq with the e-card.

The Director of the Bank in the name of Kamal Al-Hassani in a previous statement, that the Rafidain Bank and through his tireless seeking pay living outside Iraq with the e-card, ensuring ease of use of the card at any ATM of any foreign bank.

The Rafidain Bank established under Act No. 33 of 1941 and bash t in 1941 with a paid-up capital of 50,000 Iraqi dinar.

The Bank passed several stages during his career was the first historical presence as the first National Bank commercial banking is practiced among many foreign banks.
And began the gradual expansion into Iraq and then over multiple stages of integration began in 1964 included commercial banks operating in Iraq where they were in 1974, consolidated with the Rafidain Bank, which became the only commercial bank in Iraq.

In 1998, the Bank has seen new development is its transformation into a public company owned by the State in full in accordance with the provisions of the General Companies Act No. 22 of 97 to support the national economy in the area of commercial banking and investment funds and provide funding for various sectors in accordance with the development plans and within the framework of economic and financial policies of the State.

The number of bank branches currently 147 branches inside Iraq add to (8) branches in some cities a sawmill in Arabic are: Cairo,

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Read more: http://dinarvets.com/forums/index.php?/topic/185631-articles-for-09-01-2014/#ixzz3C5JYwPJT

 

 

 

 

Iraq: new government to allow the export of its oil Erbil

 

[tlm724] Iraq: new government to allow the export of its oil*hallelujah*

 

[tlm724] remember last week we discussed that the only remaining points on the HCL were to figure out where the proceeds will be deposited and how much oil was excepted from the kurds

 

[bondLady] more power to the provinces part of Erbril agreements and imo HCL is being finalized

 

[tlm724] that the new government gave the green light for the region to export its oil to be regulated by it under the terms of the new law for oil and gas *wolfwhistle*   

 

[cat] wow

 

[tlm724] that «the financial returns for the sales region and deposited in the Turkish bank

[bondLady] there it be, just awesome isn't it   

 

[tlm724] but most likely will be spent on the salaries of the Peshmerga and fill the debt of foreign oil companies operating in the region»

 

[tlm724] Kurds are behind in their payments but this will get them caught up quick like a bunny

 

[bondLady] oil to be regulated by it under the terms of the new law for oil and gas

[bondLady] thats what its all about folks

 

[bondLady] pass those laws we needed to see and bam

 

[bondLady] still a bit to go but those things are huge

 

[tlm724] BondLady just awesome news !

 

~~~

Specialists: Ttoiralqtaa banking fundamental pillar for economic reform

[tlm724] the presence of a high-level symposium by Parliament and executive bodies, businessmen and representatives of organizations relevant economic Among the attendees MP Mehdi Alha rude and deputy secretary general of Mjas Minister for Finance and Director General of the Central Bank and an adviser in the National Investment Commission and the heads of the boards of directors and managers of Delegates for private banks.

 

[tlm724] you see that ? ^^^^ by Parliament, they are so pulling this together !

[rsp1] Yes !! Git 'er done!

 

[tlm724] propose the best solutions to achieve economic reform is required,

 

[tlm724] then touched on the financial situation and cash in Iraq, citing the report of the World Bank, which pointed to the weakness of the banking sector and the promise side the most prominent in the Iraqi economy,

 

[tlm724] stressed the need to remove the imbalance in the work of the banking sector and the cash through the restructuring of the banking sector and give special attention to the development of the private banks.

 

[rsp1] Which they have been working on.
 
[tlm724] part ft Managing Director of the Bank of the UNESCO International Adnan Chalabi, a detailed explanation of the stages of preparation of the program of the new Association and included the establishment of conferences and seminars aimed at strengthening ties in rural economic and parliamentary and government,

 

[tlm724] has triggered this diagnosis on imbalance banking debates the many by the departments of banks and a number of Economists led to the recommendations of the need to reconsider all the measures that hamper the role of the Iraqi Central Bank in addressing this problem with the Ministry of Finance and government departments.

 

[tlm724] then the Director General of the Department of credit at the central bank and Walid Idi detailed explanation about the reality of private banks in Iraq and the actions taken by the central collaboration with Aalrabotth that led to the stabilization of the exchange rate and lower inflation rates.

 

[tlm724] that led to the stabilization of the exchange rate

 

[tlm724] while co-secretary general of the Union of Arab Banks and Sam Fattouh, based in Beirut in an intervention through (Alskaaba) the price of the high activity the first of the Association and with the participation of parliamentary and high-level government which reflect the extent of interest in the banking sector and hopeful at the beginning of a new phase where the banks own role in the construction and development so as to enhance the march of Arab Banks in their desire to invest in Iraq

 

[tlm724] with the participation of parliamentary

 

[tlm724] and high-level government

 

[tlm724] the march of Arab Banks in their desire to invest in Iraq

[tlm724] bring it on baby !

 

[tlm724] Marja on the activities undertaken by the Union hoping broad participation in conferences in New York and Washington next.

 

[cat] marching in sept

 

[tlm724] taking it to the streets , NY and Washington

 
[tlm724] the secretary general of the Union of Arab Banks via Skype hoping to develop banking relationships with Arab and take advantage of the Arab expertise to develop the banking reality in Iraq.

 

[tlm724] seminar concluded with recommendations on ways to achieve banking reform and support for private banks to enable them to contribute to the actual programs in construction and development, and the equivalent of its size and importance in the Iraqi market.

[tlm724] getting the private banks involved will make all the difference and look at them coming together, all of them, the CBI and the economists, Private Bank Assoc. and Parliament mixed with some Arab intervention !
  
[tlm724] crazy good stuff going on !

~~~

No breakdown of the negotiations and the government will this week

 

[tlm724] No breakdown of the negotiations and the government will this week *wolfwhistle*

 

[tlm724] explained that he is supposed to agree on «national paper» in the coming hours

 

[tlm724] that there will have All parties to form a government as scheduled,

 

[tlm724] after being included ceilings for each time demands made ​​by the blocs, expected to be ready in the cabinet reshuffle this week, with the possibility of delays in a day or two

 

[tlm724] thats right put a time limit on it !

 

[tlm724] drew carpets that Iraq live in a real crisis and tension and boiling in the street, who can no longer tolerate the shock postponement of the government, calling blocs and political leaders and willing to participate in the government because the rush and give more than a biography to be the next government, the Government of the pool where the competence and integrity and employability and the ability to work.

 

[tlm724] Iraq live in a real crisis and tension and boiling in the street, who can no longer tolerate the shock postponement of the government

 

[rsp1] It's a refreshing change that they're putting time limits on things...and trying to adhere to it!

 

[tlm724] rsp1 yes it is !

 

~~~

A political source: negotiators last minute cramming is not nationally

 

[tlm724] show all the parties desire to expedite the formation of the government new, but some political blocs made ​​demands may hinder or delay the formation, prompting the National Alliance to waving paper "political majority government" in the event of failure to reach an agreement

 

[tlm724] I'll give you one guess who this is

 

[tlm724] but some political blocs made ​​demands may hinder or delay the formation

 

[tlm724] so if for some reason they don't get this done on time they resort to a majority GOI

~~~

Ministerial meeting to finalize the budget

 

[tlm724] completed and the Ministry of Finance of all expenses and actual income earned in the ministries and government departments all since the beginning of the year until the end of last July,

 

[tlm724] hoped to hold representatives Ministry for meetings with representatives of other ministries this week to put the finishing touches

 

[tlm724] get that budget done and start on next years

~~~

Resumption of work at the Rafidain Bank in London within the Paris Club Adjustments

 

[tlm724] Resumption of work at the Rafidain Bank in London within the Paris Club Adjustments BAGHDAD / Ibrahim Ibrahim Economists welcomed the re-opening of the Rafidain Bank in London after he stopped working for 24 years

 

[tlm724] hot dayum ! can I get a *hallelujah* on that one !

 

[rsp1] *hallelujah*

 

[tlm724] The re-opening of a branch of the Rafidain Bank in London is an important step for the integration of trade and economic cooperation with the international financial markets,

 

[tlm724] said a former adviser to the central bank said that "the previous period witnessed a debt settlement through Decisions of the Paris Club, which support the Iraqi economy dramatically, especially banking institutions of government, including the Rafidain Bank because of its proud history in the operations of financial trading and banking.

 

[tlm724] it is opening a glimmer I hope a large expansion in global markets different

 

[tlm724] I like it very much ! Rafidain Bank is a state owned bank and Iraq is setting themselves up globally !

[calkid11]

Thank you

[rdoncampos]

thanks you

[dontlop]

Thanks

[Jaygo]

Wow Dontlop even said thanks.

[Nadita]

Looks like they have paid their debts to UK... the day of their opening will be soon

[gymrat76541]

I wonder how the new UK terrorism policies will work with all the Iraqis who will be coming to work at this new bank? LOL

[Nadita]

I wonder how the new UK terrorism policies will work with all the Iraqis who will be coming to work at this new bank? LOL

 

Gym

 

Usually they will use local people for tellers or they bring some for managements.. hopefully they truly scan the people.. I think they are rising up.  This is their chance to get up and if they screw this up.. they are truly eating some dunks

[gymrat76541]

As I see this; this could be very very interesting in making the dinar internationally recoginized!

[sandfly]

THANKS

[DinarThug]

SANDFLY 'THANKS' THE MIC AND WALKS OFF ...

[Maggie123]

Thank You TBomb For Bringing This In... Great Chat!

 

 

SANDFLY 'THANKS' THE MIC AND WALKS OFF ...

:D

 

     

 

Wasn't Expecting That One... Thuggie You Crack Me Up!!!

[skeetdog]

Thanks TBomb...This's a great fine...it's almost obvious...

[Cynthia AH]

Come Back Sandfly...Come Back!!!!! HAHAHAHAHA!!!!!!