Agents Of Electronic Payment Providers !

[zul]

7 hours ago, DinarThug said:

Ending the producers of AlTaif for Money Transfer changing the activity from Money transfer to Islamic Bank the name of the bank is AlTaif Islamic Bank for Investment & Finance . increasing in the capital from 45,000,000,000 ID to became 

100,000,000,000 ID.

 

AlTaif is changing their biz activity from a company of Money Transfer to Islamic Banking.

 

With that new devt, they are now raising their capital from 45T to 100T (dinar).

[Floridian]

17 minutes ago, zul said:

 

AlTaif is changing their biz activity from a company of Money Transfer to Islamic Banking.

 

With that new devt, they are now raising their capital from 45T to 100T (dinar).

 

Those numbers are billion dinar, not trillion.  So, that's around $100,000,000 in capital for the US Islamic Bank.

 

100 = one hundred

100,000 = one hundred thousand

100,000,000 = one hundred million

100,000,000,000 = one hundred billion

Edited March 16, 2018 by Floridian

[DinarThug]

11 hours ago, DinarThug said:

Agents of electronic payment providers

 

 

March 15, 2018   
 

 

To all licensed banks and electronic payment providers ( electronic payment service providers )

 

 

Localization of the salaries of state employees electronically and its role in providing the banking system with capital

 

The advancement of payments is the most important steps to develop financial systems in Iraq and catch up with developments in the payment systems in the developed world, where the Iraqi Central takes serious steps to move to make payment systems in Public and private sectors are managed electronically. The Central Bank of Iraq has confirmed its desire to develop electronic payment mechanisms and in harmony with global developments, and the dissemination of advanced payment techniques in Iraq is without exception, and includes all transactions of the public and private sectors. "

He pointed out that "the past days witnessed the organization of a workshop in the province of Maysan addressed the importance of moving to a system of payments developed, as well as the activation of points of sale targeted various segments of society and employees of the province and some of its departments, as well as traders and owners of large markets (Malls), restaurants and hotels and others to activate the theme points Selling and cooperation with the province of Maysan. "He noted that" the attendees listened to a detailed explanation on the importance of resettlement and the mechanism set by the Central Bank to implement the decisions of the Council of Ministers The Maysan Governor stressed during his speech at the opening of the workshop on " mechanism Maintain the localization of the salaries of its employees, "asserting"

All banks presented their offers to the staff of the Diwan and other departments associated with the governorate and other departments.

That catching up with global development is inevitable, especially in the financial sector, which has adopted advanced systems benefiting from technological developments in the world; because it is commensurate with the requirements of the implementation of work, which cut time and effort a lot of the past. "The transformation of salaries and disbursement through electronic payment Is important and a positive shift to achieve great benefit to the national economy and maintains a large proportion of liquidity within the banking system, "and" work is being done to make electronic payment mechanisms are conducted through the Central Bank of Iraq, Director of Training and Management in the Association of Private Banks Ahmed Hashemi stressed " Electronic banking and information technology, and be dealt with in a precise manner that leads to the completion of financial operations according to the requirements of the customer at different, and thus we have to offer competitive products that offer regionally and stressed that "

LINK

[Laid Back]

8 hours ago, chris2028 said:

I am standing by to hear from Laidback, Synop, Wiljor, Tigerwowz, and Chuck. They always seem to be able to break down these articles. I rely heavily on their insight.  

chris2028, 

 

Just a capital increase from 45 billion dinar to 100 billion dinar. Prerequisite imposed by the CBI months ago.

 

Ending the producers of AlTaif for Money Transfer changing the activity from Money transfer to Islamic Bank the name of the bank is AlTaif Islamic Bank for Investment & Finance . increasing in the capital from 45,000,000,000 ID to became 100,000,000,000 ID.

 

Go CBI

Go New monetary policy 

Go RV 

[zul]

4 hours ago, Floridian said:

 

Those numbers are billion dinar, not trillion.  So, that's around $100,000,000 in capital for the US Islamic Bank.

 

100 = one hundred

100,000 = one hundred thousand

100,000,000 = one hundred million

100,000,000,000 = one hundred billion

 

Tq Floridian for pointing that out.

[jeepguy]

5 hours ago, gregp said:

 

Agreed, but what If they were trying to cover a higher exchange rate by increasing the capital, from 45,000,000,000 to 100,000,000,000, this could move the decimal over to 0.450

 

45,000,000,000 divided by 1,000,000,000,000 equals 0.45

 

$1.00 USD divided by 0.45= $2.22.  

 

There’s really no base to my figures, but the amount of increase is very interesting.

 

 

it is funny , { in a sort of  odd way }  every calculation  ,  has 45  and the 100   and will always  ride in with  --- 2.22   (  now if this is just capital increase ,  the holding company  all of a sudden  has come into  55  billion dinars  ,  they can not  create  55 billion from thin air !  (   oh  wait  -------  that is what  crypto -currency is )    ....   but really  ,  I do not see where the article has stated  2 joint ventures have combined ,  only thing I can guess  from just a long think ,   is that all the chunky money is now flowing into the banks , and or the  h-c-l  money is now  flowing into the accounts of  Iraqi citizens ...   most likely  fake news to get  Iraqi folks to the banks ,  thinking the dinar has  now become  worth more   

[gregp]

1 hour ago, jeepguy said:

it is funny , { in a sort of  odd way }  every calculation  ,  has 45  and the 100   and will always  ride in with  --- 2.22   (  now if this is just capital increase ,  the holding company  all of a sudden  has come into  55  billion dinars  ,  they can not  create  55 billion from thin air !  (   oh  wait  -------  that is what  crypto -currency is )    ....   but really  ,  I do not see where the article has stated  2 joint ventures have combined ,  only thing I can guess  from just a long think ,   is that all the chunky money is now flowing into the banks , and or the  h-c-l  money is now  flowing into the accounts of  Iraqi citizens ...   most likely  fake news to get  Iraqi folks to the banks ,  thinking the dinar has  now become  worth more   

 

Agreed, Jeep,

Either way you look at it, It comes up with $2.22

[hspotman]

11 hours ago, Floridian said:

 

Those numbers are billion dinar, not trillion.  So, that's around $100,000,000 in capital for the US Islamic Bank.

 

100 = one hundred

100,000 = one hundred thousand

100,000,000 = one hundred million

100,000,000,000 = one hundred billion

Either way, the 000's are still there. 

[DinarThug]

10 hours ago, DinarThug said:

 

Localization of the salaries of state employees electronically and its role in providing the banking system with capital

 

The advancement of payments is the most important steps to develop financial systems in Iraq and catch up with developments in the payment systems in the developed world, where the Iraqi Central takes serious steps to move to make payment systems in Public and private sectors are managed electronically. The Central Bank of Iraq has confirmed its desire to develop electronic payment mechanisms and in harmony with global developments, and the dissemination of advanced payment techniques in Iraq is without exception, and includes all transactions of the public and private sectors. "

He pointed out that "the past days witnessed the organization of a workshop in the province of Maysan addressed the importance of moving to a system of payments developed, as well as the activation of points of sale targeted various segments of society and employees of the province and some of its departments, as well as traders and owners of large markets (Malls), restaurants and hotels and others to activate the theme points Selling and cooperation with the province of Maysan. "He noted that" the attendees listened to a detailed explanation on the importance of resettlement and the mechanism set by the Central Bank to implement the decisions of the Council of Ministers The Maysan Governor stressed during his speech at the opening of the workshop on " mechanism Maintain the localization of the salaries of its employees, "asserting"

All banks presented their offers to the staff of the Diwan and other departments associated with the governorate and other departments.

That catching up with global development is inevitable, especially in the financial sector, which has adopted advanced systems benefiting from technological developments in the world; because it is commensurate with the requirements of the implementation of work, which cut time and effort a lot of the past. "The transformation of salaries and disbursement through electronic payment Is important and a positive shift to achieve great benefit to the national economy and maintains a large proportion of liquidity within the banking system, "and" work is being done to make electronic payment mechanisms are conducted through the Central Bank of Iraq, Director of Training and Management in the Association of Private Banks Ahmed Hashemi stressed " Electronic banking and information technology, and be dealt with in a precise manner that leads to the completion of financial operations according to the requirements of the customer at different, and thus we have to offer competitive products that offer regionally and stressed that "

LINK

 

For the first time in Iraq .. The launch of salaries through the MasterCard card world
http://aynaliraqnews.com/index.....id22=94638

 

Al Rashid launches the first installment of salaries through MasterCard Worldwide
http://almasalah.com/ar/NewsDe.....130376  

 

 

LINK

Al Rashid announces the launch of the first batch of salaries via MasterCard

 

 

16th March, 2018

Al-Rasheed Bank announced on Friday the launch of the first batch of salaries through the MasterCard card, one of the electronic payment tools, pointing out that the card is drawn from inside and outside Iraq.

The bank's information office said in a statement obtained "Economy News" a copy of it, "Al-Rasheed Bank launched the first payment of salaries through the card MasterCard International Nakheel electronic payment tools."

The bank called on all departments and ministries to "speed up the settlement of salaries of their employees and obtain the card so that the bank can grant them advances and loans, noting that this card helps the citizen to save and protect him from trading counterfeit currency and damaged and retain salaries from thefts suffered during the transfer of salaries."

He added that "the card is drawn from inside and outside Iraq and the Bank recently distributed a number of ATMs in Baghdad and the provinces, knowing that the commission card (10) thousand dinars, three years."

Edited March 16, 2018 by DinarThug

[DinarThug]

Laid Back

• Om sai Ram
• 

 

9 hours ago, Laid Back said:

chris2028, 

Just a capital increase from 45 billion dinar to 100 billion dinar. Prerequisite imposed by the CBI months ago.

 

Ending the producers of AlTaif for Money Transfer changing the activity from Money transfer to Islamic Bank the name of the bank is AlTaif Islamic Bank for Investment & Finance . increasing in the capital from 45,000,000,000 ID to became 100,000,000,000 ID.

 

Go CBI

Go New monetary policy 

Go RV 

 

Good Work Hammock Boy !  

 

 

 

But After All That - U Must Be Completely Exhausted !  

 

 

 

Go Sleep It Off For A Few Weekends ...

 

     

[Floridian]

"......... pointing out that the card is drawn from inside and outside Iraq."

 

How does this work?  Wouldn't the dinar have to be international for it to be used "inside and outside Iraq"?

[ChuckFinley]

9 hours ago, Laid Back said:

chris2028, 

 

Just a capital increase from 45 billion dinar to 100 billion dinar. Prerequisite imposed by the CBI months ago.

 

Ending the producers of AlTaif for Money Transfer changing the activity from Money transfer to Islamic Bank the name of the bank is AlTaif Islamic Bank for Investment & Finance . increasing in the capital from 45,000,000,000 ID to became 100,000,000,000 ID.

 

Go CBI

Go New monetary policy 

Go RV 

Thanks Chris for the vote of confidence. Laid Back is right. It is just an increase in capital much like US banks. It is exciting that they see the value to move to banking. To me  it just confirms that we are drawing to a close as people see that money is be made in banking and not transfers. Couple this with the Master Card and it tells us that you  need to be in banking for sure.

[dinarham]

  I love to think about the IQD and ATM's .  the physical  limitations  of atm's as  this currency stands  would have to be HUGE . Take a wheel barrel with you {cost $25k US ]  because you will need  it .  Hopefully you have a family member or friend who will loan you a wheel barrel because you will need a wheel barrel of dinar to buy a wheel barrel  . You may  extrapilate this on down because it is ridiculous and unsustainable .  No wonder the 50 note dinar withdrew from circulation .For one thing , they were completely worthless  , but now they are being reprinted polymer to fit into the atms .  For almost two weeks now I have reported  that there are no uncirculated 10k,5k on down available to buy .I can imagine that the cbi is sucking in the circulated 10k ,5k as best they can ., because they still hold their value , but they don't jive with most int'l  banking .  You can buy 25k uncirculated  . Apart from that , I believe the rate will be higher than Kuwait Any $5.26 folks out there ?

[NEPatriotsFan1]

28 minutes ago, dinarham said:

  I love to think about the IQD and ATM's .  the physical  limitations  of atm's as  this currency stands  would have to be HUGE . Take a wheel barrel with you {cost $25k US ]  because you will need  it .  Hopefully you have a family member or friend who will loan you a wheel barrel because you will need a wheel barrel of dinar to buy a wheel barrel  . You may  extrapilate this on down because it is ridiculous and unsustainable .  No wonder the 50 note dinar withdrew from circulation .For one thing , they were completely worthless  , but now they are being reprinted polymer to fit into the atms .  For almost two weeks now I have reported  that there are no uncirculated 10k,5k on down available to buy .I can imagine that the cbi is sucking in the circulated 10k ,5k as best they can ., because they still hold their value , but they don't jive with most int'l  banking .  You can buy 25k uncirculated  . Apart from that , I believe the rate will be higher than Kuwait Any $5.26 folks out there ?

You make good sense.... I’ve always felt the higher notes would dry up quickly before a sudden change in value. I also believe that they are not being truthful about how many notes are left in circulation. I believe similar to Brietling that the note count is down to like 1 Billion and that they are gonna come out with a bang to dedollarize quickly..... too many articles over the years about former glory and then this 86 year anniversary propaganda article.... just too many signs pointing to a near and sudden change in first quarter of 18! 

 

Iraq can support a higher value than Kuwait, they will be an economic powerhouse and a strong US ally moving forward. They are of strategic importance and they connect the world through the Silk Road. Too much rebuilding to do.... I feel we are in for a sudden surprise.... 

 

Obviously I could be wrong, I hope I’m not. My Gut tells me we are close 🤞🏻

[davis411]

My gut tells me something also

everyday I am closer to death

[ChuckFinley]

14 minutes ago, davis411 said:

My gut tells me something also

everyday I am closer to death

The sand in the hour glass is coming to an end. I just flip mine over. I am not going to give in that easily.  

[Officiallytook]

1 hour ago, dinarham said:

Any $5.26 folks out there ?

This is so dope our lucky number 5 and my football / lucky number yeah sounds like a win Dinarham

[dinarham]

It was a figure that was kicked around almost 15 years ago . Apparently the cbi accidently leaked it out .There were  quite a few believers on Dinar Speculators website ,which I believe is defunked now  because Med had a propensity to kick people off  if they made him look srupid

[DinarThug]

The government is going to pay the salaries of employees through the Master Card .. Will it succeed?

 

 

 

 

2018/3/17 02:11:59 PM 
Iraq is still far from global developments and modern technologies, especially in the field of banking and business transactions because of the exceptional circumstances of the country and the security and political challenges have made the country away from keeping pace with developments in the world.
Despite the use of electronic payment systems (Master Card and Visa Card) in most countries, especially countries in the region surrounding Iraq for many years, but these systems have recently entered Iraq through the receipt of salaries of employees using the MasterCard card, which is through shopping and dealing If the specialists believe that these systems, despite their importance in terms of reducing the monetary blocks and ease of business dealings, but it may face many obstacles when circulating in Iraq, including the weakness of the international network Internet and bureaucracy dealing with banks as well as it is not insured as Ml.

Al Rasheed Bank announced the launch of the first installment of salaries through the MasterCard card, one of the electronic payment tools, pointing out that the card is drawn from inside and outside Iraq.

The bank's information office said in a statement received by "One News" that "the Rasheed Bank launched the first installment of salaries through the card MasterCard International, one of the electronic payment tools."

The bank called on all departments and ministries to "speed up the settlement of the salaries of their employees and their access to the card so that the bank can give them advances and loans, knowing that the card helps the citizen to save and protect him from trading counterfeit currency and damaged and retain salaries from thefts during the transfer of salaries."

He continued, "The card is withdrawn from inside and outside Iraq and the bank recently distributed a number of ATMs in Baghdad and the provinces, knowing that the commission of the card (10) thousands of dinars, three years."

"The Master Card is a modern electronic system for financial handling and is a safe way for the citizen and employee to receive his salary in full and well and is used in all Iraq, like the countries of the world," says Finance Committee member Mahasen Hamdoon. "It is difficult to deal, Being bypassed ".

"Most countries in the world use MasterCard everywhere, in every region and in any country that helps to use it for ease of financial dealings," she said. "At present, cash receipt hurts citizens as a result of some obstacles. But this card is a guarantee for salaries and money."

He pointed out that "the MasterCard card is an international form of phosphorous that no one can use without the owner and through the secret code, but may be exposed to thefts, but as a forgery can not be obtained because it is an international card," explaining that "the difference between Visa Card and MasterCard Card Lies in that I use it internally while the master card will be used on the internal and external scale. "

"There is competition between the Visa Card and Master Card companies to pay salaries, but the approval was granted to Master Card because its card is international and can be dealt with in any country," she said.

For his part, said economic expert Latif Salim Ugaili, "Master Card or electronic payment is one of the modern systems and developed that entered in all countries, especially developed as well as some developing countries, but Iraq is still far from the technologies of the developed world."

"The government's approach to the activation of electronic payment systems is good and effective, but there are many obstacles that may be an obstacle to the implementation of the project, the first awareness," adding that "a lot of citizens are not fully aware of this issue And that the administration of the Central Bank or the specialized banks that will implement or operate this system should carry out an awareness and guidance campaign before the launch of this initiative because the project must be preceded by a suitable environment for its prey, such as such important events. "

He added that "there are still many gaps that make the citizen feel that security is unstable despite the efforts of other government agencies, but it requires more effort from the security authorities, in addition to that also needs to enact laws in force and regarding the safety of citizens And personalities. "

He pointed out that "many workers in banks are still working according to the bureaucratic mindset and this traditional mentality prevailing and inherited for many years, it has its effects and disadvantages on all systems and events, we need new directions that fit with modern developments and with modernity and the management of banks to be aware of this role And meet all the appropriate requirements. "

He added that "the government has previously worked on the system of ki car pay salaries of retirees and employees despite the importance of this system and its success, but it hit a number of obstacles, power cuts and the Internet, sometimes stopping, leading to delay the receipt of the pensioner or employee is supposed to receive it as soon as possible, and The International Internet Network is very weak and underdeveloped and needs follow-up and newer technologies for e-government work. "

link

[10 YEARS LATER]

On March 16, 2018 at 8:22 AM, DinarThug said:

 

For the first time in Iraq .. The launch of salaries through the MasterCard card world
http://aynaliraqnews.com/index.....id22=94638

 

Al Rashid launches the first installment of salaries through MasterCard Worldwide
http://almasalah.com/ar/NewsDe.....130376  

 

 

LINK

Al Rashid announces the launch of the first batch of salaries via MasterCard

 

 

16th March, 2018

Al-Rasheed Bank announced on Friday the launch of the first batch of salaries through the MasterCard card, one of the electronic payment tools, pointing out that the card is drawn from inside and outside Iraq.

The bank's information office said in a statement obtained "Economy News" a copy of it, "Al-Rasheed Bank launched the first payment of salaries through the card MasterCard International Nakheel electronic payment tools."

The bank called on all departments and ministries to "speed up the settlement of salaries of their employees and obtain the card so that the bank can grant them advances and loans, noting that this card helps the citizen to save and protect him from trading counterfeit currency and damaged and retain salaries from thefts suffered during the transfer of salaries."

He added that "the card is drawn from inside and outside Iraq and the Bank recently distributed a number of ATMs in Baghdad and the provinces, knowing that the commission card (10) thousand dinars, three years."

 

YUUUUGGGEEEE News DT  - - - Thanks 

[ChuckFinley]

Thanks Thug,  assume news.  

[10 YEARS LATER]

On March 16, 2018 at 12:06 PM, davis411 said:

My gut tells me something also

everyday I am closer to death

 

Last night my Gut told me  - Yo ! Fool ! Sauerkraut, Hot Brats & Guinness ? Guess what happens NEXT ! ! ! ! 

[DinarThug]

2 hours ago, ChuckFinley said:

Thanks Thug,  assume news.  

 

Yes - I Assume That It’s News Too !  

 

 

 

But U Never Know With This Clown !  

 

 

 

Who’s Getting It Straight From Those ‘Trustworthy’ Iraqi’s ...

 

     

[King Bean]

On ‎3‎/‎15‎/‎2018 at 11:22 AM, DinarThug said:

CNN. Broadcasting With The CNN Translation Team - Got That Chiquita 

 

"Alak, release the rate NOW. I think 1 to 1 would be quite a-peeling!"  

 

  

[10 YEARS LATER]

Banana Phone ! I want one !