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Goob

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About Goob

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  1. Wierd, mine still doesn't hav. The usd account. Ok well I guess we will consider it debunked, just my account. ???? Do you have money in your usd account??
  2. I login my warka quite often and effective today it is currently showing my IQD account with proper amount but the USD account has completely disappeared. Pretty strange. Speculation: they removed the usd accounts to prevent account holders from online transferring IQD account into usd after rv. There isn't any more auctions for the rest of the week which means they do not want people exchanging to USD until they are able to themselves through cbi auctions Sunday. Just a thought.... Anyone else notice this? Any intelligent responses encouraged
  3. Goob

    Bank run!

    It's been on my mind for quite some time so I figured I'd see what the fellow investors think. Question: The majority of warka banks business seems to stem from investors who only have an account for the purpose of investing in the dinar. We all wait patiently for the infamous day that Iraq revalues their currency. After the dinar re values, how will warka be able to support the demand of withdraws from investors. If the majority of investors ring the register following an rv, will we collapse the bank. I make the assumption that they exchanged our usd for dinars and are doing something with them.... Meaning im sure there not paying us interest to store them for us, they must be Loaning it out or trading with it or something.While their capital requirements are much higher than here in the USA, I make the assumption that their assets are not liquid. It's my concern they may have a liquidity issue if we all attempt to cash out and close accounts. Question: does anyone have any idea what warka does with our monies? Question: does anyone have access or links to warka banks financial statements? I would appreciate any feedback you may have. Thanks in advance goob
  4. It's been debunked from boots on the ground. While it does and still does say .1 on there website it has been confirmed by kuwati citizen to be untrue. He went to the bank. It was in error. Waiting for more confirmation, but one is enough to make me sleep ok.
  5. It's been on my mind for quite some time so I figured I'd see what the fellow investors think. Question: The majority of warka banks business seems to stem from investors who only have an account for the purpose of investing in the dinar. We all wait patiently for the infamous day that Iraq revalues their currency. After the dinar re values, how will warka be able to support the demand of withdraws from investors. If the majority of investors ring the register following an rv, will we collapse the bank. I make the assumption that they exchanged our usd for dinars and are doing something with them.... Meaning im sure there not paying us interest to store them for us, they must be Loaning it out or trading with it or something.While their capital requirements are much higher than here in the USA, I make the assumption that their assets are not liquid. It's my concern they may have a liquidity issue if we all attempt to cash out and close accounts. Question: does anyone have any idea what warka does with our monies? Question: does anyone have access or links to warka banks financial statements? I would appreciate any feedback you may have. Thanks in advance goob
  6. You have to remember there in different time zones than us. I am in California so I believe they are 10 hours different. You need to email warka bank at c.accounts@warka-bank-iq.com. Make sure you do it late in the evening such as if it is 10 here, it is 8am in Iraq. Make sure u send a very clear picture or copy of ur passport. These were my exact instructions.... I would like to open an investment account with your bank. Im interested in opening two accounts, one will be a personal USD account, the other will be a IQD savings account. I have attached a copy of my United States passport. If there is any other information that is required, please let me know immediately as to not delay the process. Thank you in advance Sincerely Xxxxxxx xxxxxxx xxxxxxx They get flooded with emails and if u make things difficult, unclear or send it during non business hours for them, there likely to just delete ur email and move on to others. My account was setup in about 14 hours. They are very difficult to communicate with and u want to be clear as can be. It is late in the game as others have mentioned so you may avoid this meathod for investing since we seem so close. Wire transfers and confirmations are very time consuming especially with christmas and new years approaching. Ps iraqs Weekend is Friday and Saturday. As I write this it's there Thursday or last day of there work week. Hope this helps. Goob out!
  7. I opened up a warka iqd and usd account about 4 months ago and it's probably been funded for 2-3 months. I'm yet to notice any increase in my balance due to interest payments. Anybody else have this issue? Is there a way to check if it has been deposited? Thanks in advance for your feedback and responses. Goob
  8. Dear Mr. Xxxxxxxxxxx Your transfer has been received in the amount IQD 1171475 Best regards. Rowaida Mohammed Customer Services Dept International Affairs This e-mail is confidential and the information contained in it is privileged. It should not be read, copied or used by anyone other than the intended recipient. If you have received it in error, please contact the sender immediately by return email, and delete the e-mail and do not disclose its contents to any person. Thanks guys, this was what I was sent today. I understand that they were on a holiday weekend for four days when I sent it, but that was only in Iraq. Should have cleared early then now. Also with all the relevent news, it's wierd that they say my 1000 dollars bought 1171475 dinars. I have not previously had an account so I officially don't have 150.00 in my usd account. Not sure I believe them, guess I have to set up online banking to confirm. Thanks again for your replys. Goob
  9. Im pretty new to the investment and Ive recently opened a Warka account. I wired the money 11 days ago and have not recieved a confirmation as to weather they recieved the funds. I've emailed them twice already, trying to be patient, but I must say Im concerned. Has anyone else experienced lengthy wire transfer confirmation? How long does it normally take? Has anyone wired money and had it disappear, never be confirmed? Thanks in advance
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