yota691 Posted December 2, 2017 Report Share Posted December 2, 2017 Central Bank: Soon launch a deposit guarantee company From 2017-12-02 at 13:15 (Baghdad time) Follow up of Mawazine News The Central Bank of Iraq announced the imminent launch of a deposit guarantee company after the completion of its establishment. He pointed out that this company will constitute a major shift between depositors and banks. "The establishment of a deposit insurance company, which will be launched very soon, has been completed," the bank's governor Ali al-Aalak said at the Financial Services and Investment Conference held by the General Secretariat of the Council of Ministers and his follower, Mawazine News, on Saturday. Depositors and banks ". He added that "the Central Bank began to oblige the government departments and institutions to settle salaries," stressing that "a number of ministries have completed this step and follow the implementation in all ministries." Ended 29 / Mh 1 3 6 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted December 2, 2017 Report Share Posted December 2, 2017 Thanks Yota...This should have been implemented sooner...No wonder Aalak was voted worse by his constituents...This guarantee should be a contributing factor to bringing in a portion of the 'chunky-money' still used as mattress stuffing...Of course a 'major' deciding factor to this guarantee would be to increase the exchange rate to 1 to 1.... 7 1 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted December 2, 2017 Report Share Posted December 2, 2017 Central Bank announces the launch of a deposit guarantee company soon 02/12/2017 12:29 | Number of readings: 94 font size: Trend Press / Baghdad The Central Bank of Iraq announced the imminent launch of a deposit insurance company after its establishment. He pointed out that this company will constitute a major shift between depositors and banks.. "The establishment of a deposit insurance company, which will be launched very soon, has been completed," the bank's governor Ali Al-Aalak said at the Financial Services and Investment Conference held by the General Secretariat of the Council of Ministers attended by Trend magazine . "This company will constitute an important and fundamental shift between the depositors And banks. He added that "the Central Bank began to oblige the government departments and institutions to settle salaries," stressing that "a number of ministries have completed this step and follow up its application in all ministries." http://aletejahtv.org/permalink/194255.html 3 2 1 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted December 2, 2017 Report Share Posted December 2, 2017 It does appear as if " Mr. Personality " is still hard at it . . . Abadi will terminate his employment when he sees fit. For right now, he's following orders like a good boy. 2 1 Quote Link to comment Share on other sites More sharing options...
chinadawg Posted December 2, 2017 Report Share Posted December 2, 2017 one word......................HUGE 5 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted December 2, 2017 Report Share Posted December 2, 2017 FDIC Iraq chapter.! This will help citizens and investors to gain confidence in the banking system. Very good news. Go CBI Go new monetary policy Go RV 1 8 1 Quote Link to comment Share on other sites More sharing options...
Theseus Posted December 2, 2017 Report Share Posted December 2, 2017 Confidence takes time to build in the consumer sector. They promised this three years ago. They are just getting around to it now. Gauging the timeline puts it at.... sooon. (I know most people don't like four letter words as they have a negative connotation so I made it five letters./s) 5 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted December 2, 2017 Report Share Posted December 2, 2017 5 minutes ago, Theseus said: Confidence takes time to build in the consumer sector. They promised this three years ago. They are just getting around to it now. Gauging the timeline puts it at.... sooon. (I know most people don't like four letter words as they have a negative connotation so I made it five letters./s) As long as it takes us a day closer to seeing this RV happening, I'm good with it lol 2 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted December 2, 2017 Report Share Posted December 2, 2017 They are implementing not just one law, but many laws at the same time. JMHO Investment Law Federal Revenue Law National Card Law Financial Deposits Protection Act CBI Law Banking Laws 1 2 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 2, 2017 Report Share Posted December 2, 2017 another step forward! maybe a couple of steps! 1 2 Quote Link to comment Share on other sites More sharing options...
bigwave Posted December 2, 2017 Report Share Posted December 2, 2017 5 hours ago, yota691 said: "The establishment of a deposit insurance company, which will be launched very soon, has been completed," Lloyd's of London? 2 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted December 2, 2017 Report Share Posted December 2, 2017 1 minute ago, SnowGlobe7 said: another step forward! maybe a couple of steps! yep, seems a lot is happening now, which is good of course, a lot of positive steps just waiting til they go International to see what actually happens now 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted December 2, 2017 Report Share Posted December 2, 2017 7 hours ago, skeetdog said: Thanks Yota...This should have been implemented sooner...No wonder Aalak was voted worse by his constituents...This guarantee should be a contributing factor to bringing in a portion of the 'chunky-money' still used as mattress stuffing...Of course a 'major' deciding factor to this guarantee would be to increase the exchange rate to 1 to 1.... Can not agree more Skeetdog. It may have drawn in some of that Chuncky Money. 1 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted December 2, 2017 Report Share Posted December 2, 2017 2 hours ago, Theseus said: Confidence takes time to build in the consumer sector. They promised this three years ago. They are just getting around to it now. Gauging the timeline puts it at.... sooon. (I know most people don't like four letter words as they have a negative connotation so I made it five letters./s) Always wondered what the definition of " soon " was. 1 Quote Link to comment Share on other sites More sharing options...
Calijim Posted December 3, 2017 Report Share Posted December 3, 2017 The establishment of a deposit insurance company, which will be launched very soon, has been completed," There’s that word again “SOON” ... Just like “in the coming days” And we all know what that means......😴 1 Quote Link to comment Share on other sites More sharing options...
Bunk Posted December 3, 2017 Report Share Posted December 3, 2017 > Quote Link to comment Share on other sites More sharing options...
yota691 Posted December 3, 2017 Author Report Share Posted December 3, 2017 Central Bank: A deposit guarantee company will be launched soon By rami - December 2, 2017 67 0 The Central Bank of Iraq announced the imminent launch of a deposit insurance company after the completion of its establishment. He pointed out that this company will constitute a fundamental shift between depositors and banks. “The establishment of a deposit guarantee company, which will be launched very soon, has been completed,” the bank’s governor said at the Financial Services and Investment Conference held by the General Secretariat of the Council of Ministers on Saturday, noting that “this company will constitute an important and fundamental shift between depositors and banks.” He added that “the Central Bank began to oblige the government departments and institutions to settle salaries,” stressing that “a number of ministries have completed this step and follow the implementation in all ministries.” 1 2 Quote Link to comment Share on other sites More sharing options...
FROSTYJACK Posted December 3, 2017 Report Share Posted December 3, 2017 16 hours ago, ChuckFinley said: Always wondered what the definition of " soon " was. Hey Chuck, The definition of soon varies due to your geological position on the planet. But apparently"SOON" in Iraq is the same timeframe my parents told me on a cross-country road trip when I asked " are we there yet? " I hope that clarifies it for you. LOL 1 1 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted December 3, 2017 Report Share Posted December 3, 2017 2 hours ago, FROSTYJACK said: Hey Chuck, The definition of soon varies due to your geological position on the planet. But apparently"SOON" in Iraq is the same timeframe my parents told me on a cross-country road trip when I asked " are we there yet? " I hope that clarifies it for you. LOL 🤣🤣🤣🤣 “Are we there yet” wow thanks for the flash back FJ Quote Link to comment Share on other sites More sharing options...
Theseus Posted December 4, 2017 Report Share Posted December 4, 2017 On 12/2/2017 at 11:41 AM, Freedomwish said: As long as it takes us a day closer to seeing this RV happening, I'm good with it lol 2 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted December 4, 2017 Report Share Posted December 4, 2017 best news in a long time! Quote Link to comment Share on other sites More sharing options...
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