Zobaie discusses with the financial control mechanisms of the Central Bank and the defense and endowments

[ChuckFinley]

3 hours ago, Officiallytook said:

Exactly my thoughts 😀

I was thinking of using the 3 day assault pack to take my dinar into exchange.   

[Officiallytook]

Those are dope too, I just wanna throw it down and say " load it up "... lol

[Officiallytook]

13 minutes ago, nannab said:

 

  NICE ! With side pockets    Not that I am a froo froo girly girl but does it come it pink ?

I'm sure you could find one, or custom order one when the time is right

[SnowGlobe7]

putting the US treasury on the black list so we can not cash in????

 

bad kitty thought

[yota691]

Useless and not pay "banks .." opaque "suck the currency auction

 

Editor Ammar Tarek - Thursday July 13 2017 13:34

 

 

Alsumaria News / Baghdad  after the Iraqi Central Bank by issuing new standards for the classification of banks for the purpose of participating in auctions selling the dollar within the categories included A, B and C, these banks standards allowed classification of class C from participating in the sale currency window.  Specialized financial and economic affairs and described these banks classified under classification C Palmtlkih and are not eligible to enter the sale of currency window, as he hovers around doubts about the possibility of achieving the objective behind the purchase of the dollar through its participation auctions.     Parliamentary Finance Committee member Rahim al - Daraji said in an interview with Alsumaria's News, that " the ratings criteria raised eligibility for banks" vague and by many question marks , "pointing out that" the ratings raised eligibility for banks where the understandable mechanism does not exist, we do not know Is ratings parties or quotas, therefore we have formed a committee of experts to study them in detail and get to the truth. "  He added Darraji that" parliamentary Finance Committee focused today on the completion of the supplementary budget in addition to the follow - up appeals by the government on some of the budget materials , "asserting that" the issue of the divisions of banks into categories issues of A task that will work by the Committee , respectively. "  Economic expert Abdul Rahman al - Mashhadani said in an interview with Alsumaria News that" the Central Bank of class banks into three categories that can enter the window of the sale of foreign currency through the standard of compliance , which include anti - money laundering, risk management, financial and special things the bank. "  he adds Mashhadani , " the banks got a and B , it is according to this classification responsive to the conditions and compliance , and therefore it is entitled to enter the window sell currencies, while the banks that received a rating of C allowing them to enter the currency sale mistake. "  He added that "these banks which carry out a class C problems that compliance with standards that may not necessarily be applied by suspicions of corruption has not Kamour administrative own shareholders, such as capital bank and other rights of other things."  Mashhadani said that "these ratings established by the Central Bank is a local rather than international , because most of the banks in Iraq are small compared to neighboring countries, whether the heads of its funds or private banking operations management."  He said the financial expert Jassem Al- Issa in an interview with Alsumaria's News that it was "supposed not to allow these banks which are a class c entry to sell the currency window only after full compliance with the instructions and controls established by the Central Bank , " noting that "least rated banks deprived will be paid to improve their performance to reach the highest rating, by adhering to the instructions and controls established by the Central Bank. "  It indicates Alissa that "allow these banks in this category Login window sell currencies will display the window to the confusion in their work, considering that these banks is Mahlyh to enter for such a auction and the doubts of the arrival of the dollar goal desired to him."  The central bank confirmed that the assessment of the banks have been in accordance with the standards in consultation with the Office of international scrutiny, at a time when it is between the periodic review of the re - evaluation of banks, he pointed to allow banks by making observations on the ratings.  And adopted by the Central Bank in June , seven key criteria for the classification of banks entering the window to sell the currency branch of which other sub gives each of which contributes to a relative weight in determining the final grade of the bank.  The central bank confirmed that the assessment of the banks have been in accordance with the standards in consultation with the Office of international scrutiny, at a time when it is between the periodic review of the re - evaluation of banks, he pointed to allow banks by making observations on the ratings.

[10 YEARS LATER]

" Suck the Currency Auction " --- sounds like an Iraqi rock band. Kinda catchy. Art imitates Life.

[Rockymtnhi]

Twilight News / included US Treasury local banking companies within the Iraqi blacklist without offering any explanation on the reasons for this act.

According to a list posted on the Office of Foreign Assets Control (OFAC) of the US Treasury Department, and the stomach in the 6th of this month, 96 banks and banking office in Iraq ,listed on the blacklist US (SDN).

US black list (SDN) issued every three months by the Office of Foreign Assets Control (OFAC) of the US Treasury Department , which means to monitor the affairs of companies, banks and banking offices in the world.

The Office did not issue any clarification on the reasons for these banks and offices be included on the blacklist.

Under US law, all private citizens and US companies and financial transactions worldwide are prohibited from dealing with companies and offices that lists their names on the blacklist.

 

As this says under US law all private citizens are prohibited from dealing with banks listed on the black list.  They have now included all US banks within Iraq to the blacklist.   What's to stop them from including all US banks worldwide to the blacklist?  If they do that no US citizen will be able to exchange within the US or anywhere in the world.  This doesn't sound good.  

[little willie]

to me this would not be good for the US as much tax money they will receive

[Rockymtnhi]

To heck with taxes.  All these newly minted millionaires would be a huge boost to our economy.  It appears Iraq has a plan to ban us from cashing in if there is an RV.

[Synopsis]

19 minutes ago, Rockymtnhi said:

Under US law, all private citizens and US companies and financial transactions worldwide are prohibited from dealing with companies and offices that lists their names on the blacklist.

 

I may be mistaken but US companies or US private citizens are not specifically noted as being on the black list. What it appears to say is US companies or US private citizens are prohibited from dealing with the black listed entities. To me, this would be a very good thing since corrupt organizations are being noted and prevent dealings with these black listed companies so US private citizens and/or US companies would not be investigated and prosecuted later for some form of known or unknown collusion with a corrupt/terrorist organization.

 

Just my opinion and 

[justchecking123]

If they wanted to make people believe this isn't happening or create "negativity"for a run on people buying currency to keep the price right for them, this is a perfect smokescreen article.

[yota691]

Vice: Banking is limited Bmtnfven whales and corruption and his solutions

 

Friday July 14, 2017 11:05

 

Alsumaria News / Baghdad  take MP from the Reform Front , Ali al - Badri, said Friday that the auction sell the currency and banking does not exist have economic solutions, pointing out that the banking work is far from professional country and is limited to "influential people and whales corruption" only obsessed with money laundering and the smuggling of hard currency , while the central bank called to discuss the mechanisms of classification of banks into categories with the House of Representatives to come out to see the realistic serve the interests of the people.   Said al - Badri , in an interview with Alsumaria's News, " The classification of the central bank according to the characters and levels are individual actions and most of the members of the House of Representatives are not aware of them in detail and how during those adopted classifications , " noting that " the auction of the currency and banking There have economic solutions as a decision a political rather than a professional as we see in the countries of the world. "  He added Budeiri, that "considerations within the banking and economic work in the country is far from professional and service considerations within the priorities of the country 's interests, and is limited to a number of influential and whales corruption who is only obsessed with money laundering and the smuggling of hard currency and the depletion of the country 's wealth , " he said, adding that "there are agendas working to drain the wealth country through decisions or objective ratings of influential service points on the other parties do not support within the corridors of political calculation. "  He explained Budeiri, that " the money the country went pockets spoilers, and most of the files on body integrity related to those suspicious transactions adopted by banks and fictitious affiliated to political parties first role and the latter is money laundering , " calling on the central bank, to "clarify the division of banks and discussed in detail with the Council of mechanisms House of Representatives to come out to see realistic serve the banking and economic work in the country instead of chaos and waste of money that paid for the Iraqi people and the only beneficiary of influential actors and specific political parties. "  The Committee on Economy and Investment parliamentary member Abdul Salam al -Maliki warned, in (June 1, 2017), from entering the central bank in a spiral of corruption led by what he described as "Arapon politicians Mtnfdhu" n by opening banks with no controls to speculate the currency market and contribute to money laundering and corruption, pointing out that the sale of the currency has become a window "for currency smuggling and sale of Iraq ."  The central bank confirmed that the assessment of the banks were in accordance with the standards in consultation with the Office of international scrutiny, and as  confirmed that he is reviewing periodically to re - evaluate the banks, pointed to allow banks by making observations on the ratings.

[mr.unlikely]

21 hours ago, 10 YEARS LATER said:

" Suck the Currency Auction " --- sounds like an Iraqi rock band. Kinda catchy. Art imitates Life.

I think they opened for the "CB Idols" at the last Day on the Sand concert.

[Rockymtnhi]

22 hours ago, Synopsis said:

 

I may be mistaken but US companies or US private citizens are not specifically noted as being on the black list. What it appears to say is US companies or US private citizens are prohibited from dealing with the black listed entities. To me, this would be a very good thing since corrupt organizations are being noted and prevent dealings with these black listed companies so US private citizens and/or US companies would not be investigated and prosecuted later for some form of known or unknown collusion with a corrupt/terrorist organization.

 

Just my opinion and 

Twilight News / included US Treasury local banking companies within the Iraqi blacklist without offering any explanation on the reasons for this act.

 

It's not US companies and US private citizens who are on the black list it is US banks.  And US citizens are prohibited from dealing with those US banks with no explanation.  Without clarification that is the concern.  

[yota691]

11 minutes ago, Rockymtnhi said:

Without clarification that is the concern.  

It would be if you had passport that have influence with Iran...which is consider a supporter of terrorism...

[SnowGlobe7]

Which Banks in the US are they?

[Officiallytook]

Smoke scare tactics at its finest...I mean really too many US banks and companies let alone people for , us not to be able to come out on top like the rest of em.

[gregp]

I put my marbles on the table and posted my Rial on craigslist. My post got deleted. 

Oops!! 

 

[Rockymtnhi]

11 hours ago, yota691 said:

It would be if you had passport that have influence with Iran...which is consider a supporter of terrorism...

Aren't these black listed banks in Iraq?  

[yota691]

Vice: Auction currency is dominated by the "whale corruption" and only obsessed with money laundering and smuggling

15-07-2017 09:00 PM

Hits: 970

 

Baghdad News -

 

 

I consider MP Ali al-Badri said on Saturday that the auction sell the currency and banking does not exist have economic solutions, pointing out that the banking work is far from professional country and is limited to B'mtnfven and whales corruption 'only obsessed with money laundering and the smuggling of hard currency, while calling the central bank to discuss mechanisms of classification of banks into categories with the House of Representatives to come out to see the realistic serve the interests of the people.

 

He said al-Badri, in a press statement, said that the classification of the central bank according to the characters and levels are individual actions and most of the members of the House of Representatives are not aware of them in detail, and how, during which adopted these classifications, indicating that the auction sell the currency and banking does not exist have economic solutions being more than a professional political decision as we see in the countries of the world.

 

He added that the considerations within the banking and economic work in the country is far from professional and service considerations within the priorities of the country's interests, and is limited to a number of influential and whales corruption who is only obsessed with money laundering and the smuggling of hard currency and the depletion of the wealth of the country, noting that there are agendas working to drain the country's wealth through decisions or objective ratings of influential parties service on other parties that do not support within the corridors of political account.

 

He explained Budeiri, that the money the country went pockets spoilers, and most of the files on body integrity related to those suspicious transactions adopted by banks and fictitious affiliated to political parties first role and the latter is money laundering, calling on the central bank, to clarify the division of banks and discussed in detail with the House of Representatives to come out to see the mechanisms realistic serve the banking and economic work in the country instead of chaos and waste of money that paid for the Iraqi people and the only beneficiary of influential actors and specific political parties.

[yota691]

Video: Corruption in private banks beats the alarm in Iraq

 

Monday, July 17, 2017 18:39

 

 

Video Won't load still looking for it...

 

Many question marks are marred in the work of private banks in Iraq , which moved away from the professional under the control of the parties seeking to money laundering and the smuggling of hard currency, through the sale of foreign currency auction window. The central bank Fbdorh confirmed possession Dwabta and conditions to address this problem.  In this context, he pointed out on the Keywords, the governor of the central bank, that " the Bank since the period of the re - evaluation of the situation of banks in all respects We have directed these banks to take a lot of measures and plans related toits role and activities of the usual non - marginal activities."     In light of what ails the country's severe economic crisis, stands the issue of the reconstruction of the liberated areas of Daesh that need a lot of money, but concerned with financial affairs , they said that the near future will see the conference of donor countries to support Iraq financially.  For his part, said the appearance of Mohammed Saleh , Prime Minister for Financial Affairs Advisor: "Iraq is working with Almanhieddin today Lacko international coalition 68 countries military alliance Azer Iraq spear Ahnh after Maadenh war Mnanaj military alliance Leptis turn into a coalition civilian through conferences will be held in the future to provide these funds will be returned to the former cities gradually counted. " (Words Mga)  and that the Iraqi economy is trying to build itself up and again , but some private banks through their practices pulled down irresponsible, and all this is due , according to those involved to the lack of a deterrent from the government to curb this matter.

[Rockymtnhi]

Wow!  An attempt to curtail corruption in Iraq.  That has to be a first, if it is to be believed.

 

Also a conference by donor countries to help financially in the reconstruction.  

 

Would love to see a list of who the countries are, how much they will donate/invest and when???

[DinarThug]

CNN Broadcasting From The Main Counter Of The CBI - This Window Now Open !

 

 

 

(by don961)

Buy and sell currency window

29/7/2017 12:00 am  Samir Nusairi  The latest instructions issued by the Central Bank of Iraq, the adoption of new mechanisms to facilitate procedures in the use of foreign currency to cover imports and confirm the identification of the last beneficiary in order to preserve the funds of Iraq from misuse of the bank, while the governor of the Central Bank Ali Mohsen Alalak, during a meeting with banking leaders: The Central Bank will adopt in 2017 new visions for the implementation of monetary policy for the purpose of achieving the objectives set out in Law 56 of 2004 and the most important to maintain the exchange rate of the dinar and its value covered in foreign currency, through the construction of foreign currency reserves in accordance with standards  In calculating the external cash reserve to cover the dinar and cover the imports entering Iraq "; and the other main objective is to maintain its foreign currency from its use for non-economic purposes and development.  Therefore, the Central Bank has worked during the last two years with deliberate, sequential and coordinated steps with the concerned government bodies, while maintaining its independence in its law. It has drawn up the procedural, organizational and structural policies and issued its strategy for the years 2016-2020 and set its objectives to achieve financial stability and develop banking  In order to achieve financial coverage. The year 2016 was the preparation and establishment of the appropriate financial and technical foundations for the reality of the Iraqi economy and the mechanisms of banking work. This formed a solid base that led to the transfer of the state of the Iraqi economy in its main rings, the most prominent of which is the financial sector, According to the Financial Action Organization.  All this led the center to start a new phase in 2017 based on the basic pillars, including dealing with banks new mechanisms to lift the pressures of the previous hard-line instructions and give them many flexibility and facilities to achieve the central objectives of economic and banking reform on the basis of transparency and disclosure.  The other pillar is dealing with the banks based on the provision of new banking services and high-level products and restore public confidence in the banking sector, in addition to the results of its work and its commitment to implement the monetary policy directions of the Central Bank and reflect it  On their actual contribution to GDP and their contribution to sustainable development and their transition from the role of banking to the developmental role;  As well as dealing with banks according to the classification criteria adopted by the Central Bank.  The Central Bank issued new mechanisms to regulate the mediation of banks between importers and the Bank adopt the facilitation of procedures and controls and adopt transparency and disclosure of the final beneficiary came to achieve the goal of maintaining the exchange rate and ensure the use of foreign currency out of order to meet the needs of the economy and market and development and non-directed to non-purposes; Provided new policies and visions and mechanisms of smooth implementation, but monitoring and follow-up on a daily and accurate in Iraq and abroad to achieve economic objectives, which requires banks, and in cooperation and coordination between the Central Bank and the Association of Banks Ash Iraqi National Economic and media that the central plan is implemented in 2017 to serve the national economy and our sector The banker   http://www.alsabaah.iq/Article.....?ID=141523

[Flamtap]

Great read! Thanks Thug! 

[idplzr]

Cool