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yota691

Banking calendar attracts large foreign capital

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51 minutes ago, Wiljor said:

the term “hoarding” is used in its economic sense to mean “holding money and imprisoning it from circulation

 

I'm keeping my dinars imprisoned in my safe until they're actually worth something. Then I'll gladly release them and give them their freedom. They can go back to Iraq and start a new life :D 

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magawatt    1,503

Creep up the exchange rate and they will first dribble in, then flow then flood in and finally deluge the bank with dinar tsunami.

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Laid Back    11,251

Think about....... Why the CBI wants the chunky cash so bad.

 

Do you believe is because the liquidity problem?

 

Follow the bankers... Follow the money

 

Go CBI

Go end of MCP

Go RV

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Gypsygirl11    1,959
5 minutes ago, MANNY99 said:

CBI  why don't just go !@#$% yourself we are so tired of this bs!!!

 

 


LOL!!!!   This has been a waiting game hasn't it!!!  One day SOOOOON...had to say it.

Edited by Gypsygirl11

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DinarThug    38,213
3 minutes ago, Gypsygirl11 said:

Think about....... Why the CBI wants the chunky cash so bad.

 

Follow the bankers... Follow the money

 

Chubby Chasers Follow The Chunky ! :o 

 

:D  :D  :D 

 

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Freedomwish    2,725
34 minutes ago, magawatt said:

Creep up the exchange rate and they will first dribble in, then flow then flood in and finally deluge the bank with dinar tsunami.

You know, I suddenly can't shake off the feeling that this could probably be the case....holding back until when this thing pops, and watch how all hell would break loose when the people of Iraq start racing to the banks busting doors down to make their exchanges....hmmmmm:calculator:

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jcfrag    1,469
13 minutes ago, Freedomwish said:

You know, I suddenly can't shake off the feeling that this could probably be the case....holding back until when this thing pops, and watch how all hell would break loose when the people of Iraq start racing to the banks busting doors down to make their exchanges....hmmmmm:calculator:

All the little num nuts have to do is put their chunky money in their brand new bank accounts that they just opened, and then they do not have to run at all. Each and everyone of the dinars placed in the accounts will automatically be RV'd without exchanging them... ;) Less work on the bankers for sure!

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jcfrag    1,469

I still say it isn't them holding all the dinars. The dinars are all outside of Iraq. Not inside of Iraq... The CBI just doesn't know it....yet!

 

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NoviceInvestor    1,296

Think of what the hoarders have gone without to stash a surplus of Dinar under the mattress in the hope of one day Reaping the benefit of its increase in value.. Don't be mean.. Let them keep them.. But if you increase your value to 10cents or above you can have mine ;)

Edited by NoviceInvestor

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mr.unlikely    781

If they can get the three zero notes recalled and replace them with electronic dinar and lower denoms, they will have no problem adding value to the currency. One thing to remember is the CBI s only addressing the currency held within the country. The dinar we hold and all other dinar outside the country has been allowed to be distributed around the planet to eventually wind up in the banks and held as foreign currency reserves. Right now there is twice as much currency in the float because of hoarding, as the CBI needs, to handle the day to day monetary needs. 

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yota691    84,951

Banking calendar attracts large foreign capital

   
 

 
 


19/9/2017 12:00 am 

Baghdad / Al-Sabah 

Financing represents the most important steps required to implement service and productivity projects and various aspects of the economy that await the optimal investment for its living and be an active contributor to the economic development process, which we look forward to overcome the first of the coming during the coming period. 

Financial analyst Tawfiq al-Ani stressed that the reality requires the actual work to provide funding that drives the financial sector and projects and achieve development, which requires in turn to overcome the lack of confidence of the citizen banking system, stressing that it is not new, and the problems experienced by the banking sector was not the main reason, Negative effects on this sector, especially that the Iraqi citizen does not have the willingness to put his money in banks. He pointed out that this was because of the situation of the country confusing since decades, where continued wars to create a state of anxiety of the citizen made him lose confidence with the banking sector, and the banking problems and the bankruptcy of some banks to enhance the state of distrust. Interest rates



He added that the restoration of confidence needs to pass through several stages through the adoption of new mechanisms through the activation of electronic payment on a large scale in daily life, pointing to the need to raise rates of interest and work on the development of marketing systems in the domestic financial sector, and citizens must feel that his money safely After arriving at a convincing case that the bank is a real guarantor of its funds. Service Economy



As for the financial analyst Abdul Hussain al-Hakim said: There is a collective duty and another individual to build confidence between the citizen and the financial sector, explaining that the first is represented by the Central Bank and banks, while the individual needs the mechanisms of education on a large scale, indicating that the compactness, which amounts to 77 percent of the size "The local cash represents a loss for the Iraqi economy, where banks can attract 8 times the capital and employment in the service of the economy, as happens in the successful economies and here benefits the banks and citizens. Hakim pointed to the importance of the existence of communication between the financial sector and the citizen of the money, e NAC role of the Deposit Guarantee Corporation to build confidence between the parties, pointing out that banking transactions are now between banks and citizens need to expand its circle and here is the need to strengthen confidence.
He pointed out that the non-invested cash mass is estimated at 77%, which can lead to growth in the same proportion in the national economy and contribute to the activation of credit and letters of guarantee, thus extending the credit "loans", indicating that the credit activity is now restricted. He pointed out that trust between the bank and the beneficiary raises the bank's financial solvency and this reflects a positive reality for the bank in front of international banks and entities. He stressed that the money that comes from abroad for investment purposes is also looking for guarantees, indicating that in all cases guarantees are working to attract funds to the investment sectors through banks and large numbers. He pointed out that attracting money to Iraq can be described as weak, despite the presence of international institutions that come with large investments in amounts that make a qualitative leap from these institutions Islamic Development Bank, but it comes on terms of the most important financial adequacy of local banks and the ability to attract deposits at specific rates. Workload





He stressed that the progress of banking and raising the interaction with the citizen and the conversion of the mass of cash from homes to the financial sector contributes to attract large investments in excess of one billion dollars to the investment entity and these figures in any case pass through the banking sector and the role of increasing the volume of work linked to the financial space. Is a key pillar in achieving the personal and national benefit through the return it gets and contribute to building the national economy through the implementation of development projects that the economy and come back to the front depending on the funds Almknzp. He said that the transfer of cash mass can be employed in the service of the national economy and enhance the spirit of citizenship more as it provides job opportunities and the emergence of residential complexes and the movement of all economic sectors and these are the most important benefits of the transfer of the bloc Almtzzaza to the banking sector  

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Artitech    1,482
On 9/11/2017 at 7:57 AM, ladyGrace'sDaddy said:

I'll bet .10 cents to .25 cents will get every last dinar in the banks within one hour.

I know I'm gone at a .10

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