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iqd4isx

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  1. Just to clarify, the amount for sale is actually IQD 2,070,000 in these denominations: IQD 5000 191 bills 955000 IQD 10000 49 bills 490000 IQD 25000 25 bills 625000 All bills are uncirculated in mint condition. Feel free to send me an email at corloski15[at]gmail[dot]com if you are interested in purchasing. If you need photos, I can email you photos.
  2. I'm in St Petersburg FL and have 2.06 million for sale in 25000, 10000 and 5000 notes. The stack is about an inch and a half thick. Probably the best way to do the transaction is PayPal and a FedEx package upon receipt of payment. Thanks. Chris
  3. I have 2.06 million for sale. In St. Petersburg. Chris
  4. Hi Sara, here's a photo of my fortune cats guarding one of my 25,000 IQD bills.
  5. Here is an update on getting identification documents certified for acceptance by Warka (or your bank/broker in Iraq) and the ISX. All of Adam Montana's instructions in "Real RV Intel version 1.4" are still valid except for address. According to AACC's web site, they have a new address: AACC Legalization Department 1615 Bay Head Rd. Annapolis, MD 21409 I submitted the following in my FedEx letter envelope: 1) $103.00 money order payable to "Arab American Chamber of Commerce" 2) a notarized color copy of my passport 3) a notarized color copy of my drivers license 4) the notarized 3-signature page 5) a letter (below) 6) a prepaid FedEx return airbill (I opened an account with FedEx at a FedEx Office) I received the completed package back in 13 days. I was concerned about the $103 money order not being enough because on AACC's web site the prices are different. See http://www.arabchamber.org/iraq/index.htm. But $103.00 was accepted and is sufficient as of October 28, 2010. Any questions can be directed to AACC's email: services@uslegalization.com My letter to Arab American Chamber of Commerce: ____________________________________________________________________ October 28, 2010 Arab American Chamber of Commerce Certification Department 1615 Bay Head Road Annapolis MD 21409 Tel: (410) 349-4900 RE: Certification of documents for the Iraqi Stock Exchange / ISX Dear AACC: Enclosed please find documents requiring certification for personal investing on the ISX. You prompt assistance is appreciated. A prepaid FedEx airbill is enclosed for returning the certified documents. Best regards, [signed] [name] [address, city st zip] [phone] ____________________________________________________________________
  6. According to Adam Montana (http://dinarspeculation.com/how-to-open-a-warka-account-to-invest-in-iraqi-dinar/), you need to use your IQD account #.
  7. Here's the information I received via email from Warka on how to wire funds back to a US account: from c.accounts <c.accounts@warka-bank-iq.com> to <email> cc ifrd@warka-bank-iq.com date Wed, Oct 27, 2010 at 1:55 PM subject RE: Individual Account mailed-by warka-bank-iq.com To wire funds from your account ,our bank needs a signed authorization letter that authorizes our bank to exchange your IQD funds to USD according to the rate set by the CBI wiring back your USD funds to your bank. You need to include the following details in your signed letter: 1- Amount to be exchanged and transferred. 2- Name and Address of your bank 3- Swift Code 4- Account Number 5- Beneficiary Name and Address 6- Copy of your passport or id It takes 5 business days to receive an international transfer.
  8. I believe that you must use Citibank's New York address. See below: Warka Bank for Investment and Finance Account Number at Citibank: 36908969 Account Name at Citibank: Warka Bank for Investment & Finance Corresponding Bank Name: Citibank NA Branch: New York BIC - Swift Address: CITIUS33 Bank Address: Citibank NA New York, 111 Wall Street, New York, NY 10043 Bank ABA: 021000089 Fed Wire: 021000089 Beneficiary name and account number : (your name as listed on your Warka accounts) Warka IQD savings account #: *** / ****** / * / ****/ *
  9. I opened Warka IQD and USD accounts, but have yet to wire funds to them. This Euromoney article caught my eye. Any feedback on this? Are there concerns about being able to wire back to US or withdraw funds? http://www.thenational.ae/business/banking/iraqs-investment-potential-comes-to-the-fore Euromoney Article title: Iraq's investment potential comes to the fore ... But a crisis at Warka Bank, the country’s biggest private-sector retail bank, may place trouble in the path of progress. Bank run What triggered the problems at Warka Bank is unclear. From early summer, rumours swirled that it had collapsed. Depositors rushed to withdraw money, only to find the bank could no longer pay. It was a classic bank run; a step back for Iraq’s banking sector, especially for privately owned banks, which already find it hard to draw custom from state-owned banks. Most important in terms of the psychological impact is that apart from Rasheed and Rafidain, Iraq’s other banks have only about 20 branches each in the entire country. Warka was already Iraq’s biggest private bank in September last year in terms of assets, with ID1.25 trillion ($1.05 billion), according to research by Iraqi brokerage Rabee Securities. Opening eight branches in Kurdistan since 2003, and with plans for more, Warka built a network of more than 100 branches­ across the country. Insiders say it is characterized by young, energetic staff. Like most of Iraq’s 20-odd private banks, it was established in the 1990s in Baghdad under the more liberal economic policies following the first Gulf War. Only three Kurdish-based banks have been launched in the past decade. Citi has had an alliance with Warka since 2008 for payments, transfers and trade deals. As Rasheed and Rafidain are still blocked from international business thanks to pre-invasion defaults on foreign trade debt, Citi went for the only viable banking partner in Iraq with an extensive branch network. But a common opinion in Iraq’s financial community is that the main personality behind the bank, chairman and chief executive Saad Bunnia, suffered from long-standing bad relations with the Shia-led government in Baghdad. Bunnia is well known as the head of a prominent Sunni family whose fortunes apparently survived relatively intact under Saddam Hussein. In an article in early September quoting various sources at Warka, Iraq Business News, an online bulletin, reported that Warka faced problems because the government withdrew more than $600 million from the bank. This would amount to more than half the bank’s deposits. Questions arose about money flowing to the insurgency. According to a New York Times report, Bunnia’s home was raided by US and Iraqi troops in 2005. Does Bunnia’s survival as head of the bank mean that he was vindicated? The New York Times article, published in 2006, only mentions that $6 million of Warka’s assets, seized by US forces from Bunnia’s home, remained frozen more than a year later. Other bankers in Iraq say Warka simply suffered from lax risk management. They say it took market share by offering relatively generous deposit rates, and had lending policies that were laxer than usually required. "Warka Bank was not careful. It didn’t take enough precautions," says a senior Iraq-based banker with operations in Kurdistan. The source says the central bank issued a circular in September requesting other banks to help Warka. Euromoney tried to contact Warka executives for comment and received no replies. A message dated September 22 is the only acknowledgement of the matter on Warka’s website. The posting says: "With regards to the rumours that have been circulating against our bank by ill [sic] competitors, please note that our bank is well supervised and monitored by the highest financial authority in Iraq, CBI [Central Bank of Iraq] and we operate under [its] firm guidelines and regulations, where deposits are guaranteed by the CBI." In Kurdistan, a Warka branch manager tells Euromoney he is doing what he can to pay depositors. As funds drip back into the branch, he telephones customers one by one, from a handwritten list, to say they can take out a little more. "We don’t want to break anyone’s heart," says the manager. ...
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