blueskyline Posted July 12, 2017 Report Share Posted July 12, 2017 Because The Bank Of International Settlements (BIS) Is Now Directly Linked Up to the New C.B.I. Website ... 7 Link to comment Share on other sites More sharing options...
Jaygo Posted July 12, 2017 Report Share Posted July 12, 2017 6 minutes ago, blueskyline said: Because The Bank Of International Settlements (BIS) Is Now Directly Linked Up to the New C.B.I. Website ... Ok sorry missed that! I do all of my reading on my phone in the mornings. Seem to miss a lot when using that device! 2 Link to comment Share on other sites More sharing options...
blueskyline Posted July 12, 2017 Report Share Posted July 12, 2017 N/ P have a Great Day ! 2 Link to comment Share on other sites More sharing options...
climber7 Posted July 12, 2017 Report Share Posted July 12, 2017 1 hour ago, blueskyline said: http://www.bis.org/country/iq.htm.....click link . Is this new? They weren't connected before? When did this happen? Link to comment Share on other sites More sharing options...
olivesman Posted July 12, 2017 Report Share Posted July 12, 2017 1 minute ago, climber7 said: Is this new? They weren't connected before? When did this happen? My questions, too. I'm looking forward to the responses. 4 Link to comment Share on other sites More sharing options...
3n1 Posted July 12, 2017 Report Share Posted July 12, 2017 On 7/10/2017 at 3:19 PM, Chabo1 said: I was thinking doesn't Iraq sometimes use a period instead of a comma 1.2 could mean 1,200 which is close to the exchange rate ...... Just a thought. i have had the same thoughts but it is interesting if the cbi is publicly being listed with bis now if that is in fact something new ....we wait 2 Link to comment Share on other sites More sharing options...
gregp Posted July 12, 2017 Report Share Posted July 12, 2017 2 hours ago, blueskyline said: http://www.bis.org/country/iq.htm.....click link . Now this is a good find thank you! 5 Link to comment Share on other sites More sharing options...
Miamiheatnic Posted July 12, 2017 Report Share Posted July 12, 2017 Now we wait for the good and better news 2 Link to comment Share on other sites More sharing options...
Freedomwish Posted July 12, 2017 Report Share Posted July 12, 2017 Clicked on the link, the rate at this time says 1184.00......maybe after when all is said and done, it could shift to 1.18? Hey, wishful thinking here...... 4 Link to comment Share on other sites More sharing options...
D3Commander Posted July 12, 2017 Report Share Posted July 12, 2017 I see that the Bank for International Settlements has a link to the CBI website now. Interesting - hope that is a good sign. 2 Link to comment Share on other sites More sharing options...
D3Commander Posted July 12, 2017 Report Share Posted July 12, 2017 http://www.bis.org/country/iq.htm Forgot to post a link to the above. Link to comment Share on other sites More sharing options...
presence Posted July 12, 2017 Report Share Posted July 12, 2017 Very interesting observation- thank you for posting that. Perhaps BIS didn't get the memo that they were suppose to wait till the rate changed before posting a link on their site (I assume that's a new link to the CBI and that it hasn't been there before.) I sincerely appreciate your post and will check out BIS for a 'little enthusiasm.' 3 Link to comment Share on other sites More sharing options...
presence Posted July 12, 2017 Report Share Posted July 12, 2017 That's quite an image on the CBI link! Now I know where at least 'some' of the money has gone! 2 Link to comment Share on other sites More sharing options...
RJ45 Posted July 12, 2017 Report Share Posted July 12, 2017 Not new, IMHO. It just points back to the Iraq bank's website. It also does the same for the bank of Vietnam, whose currency is not currently traded on the FOREX either, and a lot of other countries if you go back one link to the list: http://www.bis.org/cbanks.htm 5 Link to comment Share on other sites More sharing options...
DinarThug Posted July 12, 2017 Report Share Posted July 12, 2017 7-12-2017 Newshound Guru hutch The BIS site is now linked to the CBI site...Now Central banks world wide can communicate with CBI. 8 Link to comment Share on other sites More sharing options...
blueskyline Posted July 12, 2017 Report Share Posted July 12, 2017 https://cbi.iq/news/view/292............. Official Alaiva Jobs July 12, 2017 Components of the Iraqi payments system: It consists of the Iraqi payments system from the following systems: - • The total settlement of real - time system Real : Time Grosse Settlement) RTGS) • Clearing electronic instruments system . Check the Automated Clearing House is ) the C-ACH , ) • The Inter Bank to Clearing the System) site IBCS internal clearing system) • Central Depository System Securities Depository Securities , the Central) the CSD) • infrastructure payment system Retail Retail Payment system infrastructure) RPSI) 1. The total settlement Wares system (Real Time Grosse Settlement System (RTGS Work with this system in Baghdad began successfully on 24/8/2006, and this system connects the Central Bank of Iraq with the main branches of banks and the Finance Ministry for the exchange of orders to pay high-value inside Iraq. The activities of this system provides for the replacement of manual execution of operations and thus ended the risks arising from conducting a comprehensive settlement of the values of payments between banks. Central Bank of Iraq is the owner of the system, and takes it upon himself to the inauguration of its programs in the participating sites, as well as holding training courses for users of banks who shall either administrative role of the Central Bank of Iraq is different from the most important tasks of monitoring bank accounts. In the first phase of the implementation of the system of five banks in a settlement processes involved with each other, but in accordance with progressive plans developed by the central bank to expand its work where it is currently system includes all banks and branches of foreign banks and developments on leave to work in Iraq. Available system security features (such as the principle of four eyes), and the Altakoel necessary for the operation of the system is provided by the Central Bank of Iraq exclusively. The number of banks participating in the system (65) banks in addition to the Ministry of Finance and the National Pension Authority and the Department of the care of minors and the branches of this bank. 2. Clearing electronic instruments System (Check Automated Clearing House System (C-ACH Is a system that can participating banks and branches of the exchange of payment orders among them mechanically, and are sending net final settlement to the total settlement of real-time processing system, as well as being through the system the exchange of electronic instruments encoded ink magnetized and is retained a copy of the original instrument in section deposited in it and send an image of the instrument and its data through the branch system to the participant in the public administration system. The system is run effectively on 14/9/2006 branches of major banks (Rafidain, Rasheed, Baghdad, Iraq's commercial, Middle East) in addition to the other two branches of each bank participant. It has been involved more than 19 bank so far, in addition to the branches of the Central Bank. The training branches of the Central Bank staff in Basra, Irbil, Mosul and Sulaymaniyah, and the installation of the system in all branches of banks in the provinces above to activate and facilitate transfers between provinces. The electronic clearing system instruments is part of the automated clearing system. The start implementing the system (Bank of Baghdad, the Middle East Bank, Credit Bank, Dar Al Salam Bank, Commercial Bank, Trade Bank of Iraq) in addition to two branches of each bank and through the gradual expansion involved in the system now (17) and most of their descendants. Continue to train Iraqi banks and branches of foreign banks open gradually in Iraq for the purpose of engaging them to the system. The number of banks participating in the system (59) banks in addition to the central bank. 3. The internal clearing system between the branches of one bank Inter Bank Clearing System) IBCS) Definition: - a system for the exchange of internal clearing of government banks, which does not hold a comprehensive banking system where the public administration of the bank to monitor transfers accurately and efficiently and transparently and provides data for all transfers made through this system, where the system can be branches of the participating banks to send and receive payment orders file base encoded ink magnetized instruments among themselves through the system in a way mechanism. - The actual operation of the system on 01.06.2016 where the number of participating banks (6) banks in addition to its affiliates. 4. Central Depository Securities System Central Securities Depository System) CSD) It began working system in the month of November 2008, a system that manages government securities issued by the Central Bank of Iraq and the Finance Ministry and through this system the central bank to control the liquidity of its location. The system manages the auction for government securities issued process - the primary market. The system to maintain the primary record (master record), including interest payments and repayment of debt processing. The system to settle transactions involving government securities in the market concluded between the participating banks - the secondary market. Conservation and archiving functions. Government securities registration system with a total settlement system is linked in real time to complete the financial settlement operations on the participants in the total settlement system accounts in real time. And through which money booking system to participate in bank accounts and the implementation of the process of transferring funds to the issuer and send payment instructions or details of the participants, as well as the benefits and refunds money payments when extinguishing releases The government securities registration system linking with the automated clearing system, the purpose is to provide information on the positions of mortgages at the beginning of each clearing session and details on the implementation of Alrhonaleti is done through the settlement process resulting from the clearing session. The number of banks participating in the system (28) In addition to the National Pension Authority and the Department of care of minors. Infrastructure payment system Retail in Iraq , Iraqi Payment System Infrastructure) IRPSI) within the framework of the pursuit of modernization and development of financial and banking services in Iraq and in line with international developments in this field , the Central Bank of Iraq has sought to create the infrastructure for the payment system retail including setting up national distributor for retail sale and payment by mobile phones to transfer money electronically to the POS and ATM automatic devices, where the system provides the opportunity for the Iraqi banks and mobile network operators and access to the most modern and sophisticated cash payments. System components: 1. National divider National Switch to pay for retail payments through the use of the cards. - national targets divided o expansion using payment tools for e (Rtat, mobile phone, Internet). o spread of POS and ATMs throughout Iraq. o reducing the use of cash and instruments. o database for all transfers and easily accessible. o supervision and control electronically transfers. o mobile payment Mobile Payment DVD Nasser o mutual retail payment system in Iraq provides an opportunity for Iraqi banks and operators of mobile networks , mobile access to the most modern and sophisticated cash payments integrated tools will the proposed system is unique on the interoperability level where Iraq has at present many the main advantages that are expected to facilitate the adoption of the payment system , especially retail banking operations by mobile phone. • The most important achievements taking place in the payment systems in the circle of payments - activate the number arithmetic Unified of the International Bank Account Number) IBAN) payments system (RTGS- ACH) isdefined as the international bank account number, which is based on international standards , a prototypical special figures client accounts banks allows users to validate number - Transfer his account, it was directed banks to adopt the common arithmetic figure in the IBAN internal transfers from thedate of 01.02.2017. - start working to assess the readiness of the Iraqi payments system in line with international standards (PFMIs) of Principles for Finical Market Infrastructures World Bank to improve the payment and settlement systems in Iraq as part of the agreement with the World Bank and dealing with electronic payment systems in Iraq. - reform of payment of the staff of institutions and government departments salaries mechanism by settling their salaries bank accounts and ensures the bank to meet all the requirements for the application of the process of localization of salaries in banks and transfer the payment of salaries system to civilian staff , including allocations and benefits to an electronic system and from this point of the Central Bank of Iraq has sought cooperation with banks to bring this project into existence and localization of the success of the salary process has been started to work on the localization of the bank 's employees ' salaries is then circular on the rest of the ministries and government departments all over the year 2017 - Strengthening the role of payment systems in the financial inclusion through Digital services provided by banks and providers of electronic payment services as an important dimension in the Strategy of the Central Bank of Iraq and the automation of work through the use of electronic payment tools and encourage the use of financial and banking services provided by banks and providers of electronic payment services, and it also supports micro , small and medium - sized and small enterprises and to facilitate access funding. - activate the electronic payment operations between government ministries and institutions. - Banks evaluation of providers of electronic payment services technically and through the evaluation of the technical aspects ofservices and basic electronic banking systems, which is inferred through which the level of banking efficiency in the provision of electronic services to customers. 5 Link to comment Share on other sites More sharing options...
blueskyline Posted July 12, 2017 Report Share Posted July 12, 2017 Work with this system in Baghdad began successfully on 24/8/2006, and this system connects the Central Bank of Iraq with the main branches of banks and the Finance Ministry for the exchange of orders to pay high-value inside Iraq.............. I like how this reads a lot for some reason . 3 Link to comment Share on other sites More sharing options...
thomas2553 Posted July 12, 2017 Report Share Posted July 12, 2017 Thanks blueskyline.....i like the way it reads too!! 1 Link to comment Share on other sites More sharing options...
davis411 Posted July 12, 2017 Report Share Posted July 12, 2017 1 hour ago, blueskyline said: Work with this system in Baghdad began successfully on 24/8/2006, and this system connects the Central Bank of Iraq with the main branches of banks and the Finance Ministry for the exchange of orders to pay high-value inside Iraq.............. I like how this reads a lot for some reason . I like beer and girls girls bringing me beer i like 5 Link to comment Share on other sites More sharing options...
blueskyline Posted July 12, 2017 Report Share Posted July 12, 2017 Those are not bad either ............ Not bad at all ..... Link to comment Share on other sites More sharing options...
idplzr Posted July 13, 2017 Report Share Posted July 13, 2017 so it doesn't get buried, I like this thread🤗 6 Link to comment Share on other sites More sharing options...
King Bean Posted July 16, 2017 Report Share Posted July 16, 2017 Still showing 1 IQD to 1.2 USD as of July 16th, 11:00am PST. Then went back later to find it, and it was removed. But did get this screen shot. The mystery continues. 4 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted July 16, 2017 Report Share Posted July 16, 2017 your screen shot did not come through bean Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted July 16, 2017 Report Share Posted July 16, 2017 On 7/12/2017 at 1:21 PM, DinarThug said: 7-12-2017 Newshound Guru hutch The BIS site is now linked to the CBI site...Now Central banks world wide can communicate with CBI. were they linked before?? i am umping this thread....i liked it then and I liked it now 3 Link to comment Share on other sites More sharing options...
boosterbglee Posted July 16, 2017 Report Share Posted July 16, 2017 Sno...is that humping or bumping? 5 Link to comment Share on other sites More sharing options...
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