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pinko

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  1. http://www.warka-bank.com/?0d64a1934dcafd4bf6a2bafeb4 Dear Warka Clients and Shareholders, On February 29th 2012 the Central Bank of Iraq Board of Directors reached a decision of appointing a CBI custodian committee on Warka Bank for Investment and Finance where in turn Warka Bank for Investment and Finance raised a legal case against the Central Bank of Iraq objecting the appointment of a CBI Custodian Committee and the case was presented to the Tribunal Court for Financial Services reference No.1 / Financial Services / 2012. After many legal sessions and court hearings the Tribunal Court for Financial Services verdict was in full favor of Warka Bank for Investment and Finance lifting the CBI Custodianship on the bank because according to the court the CBI Custodianship did not meet the legal terms, conditions and criteria. This verdict retained full legal stature . Surprisingly on February 4th 2013 the Central Bank of Iraq submitted a request to the Tribunal Court for Financial Services to receive an approval from the court to raise a bankruptcy case against Warka Bank for Investment and Finance reference No. 5/Financial Services/ 2013 and for this purpose the Central Bank of Iraq decided to appoint another CBI Custodian committee on August 26th 2013 right after an earlier board meeting held a day before on February 25th 2013 where the CBI board of directors decided to lift the initial Custodianship which they appointed. Again after many court hearings and sessions as well as presenting the entire case to Financial, Banking, Monetary and Economic experts the Tribunal Court for Financial Services issued its verdict yet again in favor of Warka Bank for Investment and Finance declining the Central Bank of Iraq bankruptcy request and case. As the Central Bank of Iraq was unconvinced with this verdict they appealed it Appeal Court Reference No. 1505/M/2013. On October 7th 2013 the Appeal Court issued its verdict in favor of Warka Bank for Investment and Finance certifying the court verdict issued by the Tribunal Court for Financial Services for the reasons indicated by the Tribunal Court for Financial Services as the Central Bank of Iraq decided to lift the CBI Custodianship on August 25th 2013 in accordance and response to the Tribunal Court for Financial Services verdict (No.1/ Financial Services/ 2012 May 26th 2013) after which the Central Bank of Iraq decided on August 26th 2013 to appoint a new CBI Custodian on Warka Bank for Investment and Finance to raise a bankruptcy case against the bank and due to the fact that the appointment of a CBI Custodian is contrary and discrepant to the verdict reached by the Tribunal Court for Financial Services thus Warka Bank for Investment and Finance objected and raised a legal case against the Central Bank of Iraq for appointing the new Custodianship reference No. 10/ Financial Services/2013 On September 22nd 2013 the court issued its decision declining the objection made by Warka Bank for Investment to lift the new CBI Custodian as the issue on hand does not have any legal grounds as by law to initiate a bankruptcy case against a bank a Custodian must be first appointed for this task where under the current circumstance in accordance with the verdict awarded in favor of Warka Bank for Investment the the CBI bankruptcy case declined thus once the verdict retains and reaches full legal stature the CBI Custodianship will be dismissed with the dismissal of the bankruptcy case as one is interconnected with another the dismissal of one is the dismissal of the other. In Summary Warka Bank for Investment and Finance has won two verdicts both of which have retained full legal stature: 1. The objection case against the appointment of the CBI Custodianship Committee reference No. 1/Financial Services/ 2012 where the court awarded its verdict in favor of Warka Bank for Investment and Finance lifting the CBI custodianship where the verdict retained full legal stature. 2. The CBI request to raise a bankruptcy case reference No. 5/ Financial Services/ 2013 in which the verdict was awarded in favor of Warka Bank for Investment and Finance declining and dismissing the entire CBI request and case for not meeting the legal terms and conditions as well as court criteria. This verdict reached and retained full legal stature. Kind Note: There are still four cases against the Central Bank of Iraq for reputable and financial damages raised by the below: 1. Depositors 2. Shareholders 3. Staff 4. Managing Director demanding the full rehabilitation of the bank by the Central bank in accordance with the reasons indicated in all the court cases noting that as the four cases share legal similarities and are interconnected the court has decided to unite all of them into one case reference No. 1/ Services/ 2013 which is yet to finalized and hearings are still taking place. Thank you for your time and cooperation . Sincerely. Board of Directors Warka Bank for Investment and Finance
  2. I found this article. But I do not understand! Is really catastrophic situation? http://aliraqtimes.com/ar/print/11474.html http://translate.google.it/translate?sl=auto&tl=en&js=n&prev=_t&hl=it&ie=UTF-8&u=http%3A%2F%2Faliraqtimes.com%2Far%2Fprint%2F11474.html
  3. http://translate.google.ch/translate?hl=it&sl=ar&tl=en&u=http%3A%2F%2Firaq56.blogspot.ch%2F2013%2F05%2Fblog-post_8.html http://www.albaghdadia.com/index.php?option=com_k2&view=item&id=14428:lvnBة-lvnB-byoDD-zhENEة-DIL-LZHEJ-AkNEKAs-kAYObEvAI-NDASI-AkLNAZlnl&Itemid=139
  4. http://almustaqbalnews.net/index.php?option=com_k2&view=item&id=5617:%D8%B55-%D8%B9%D8%AF%D8%AF-263&Itemid=598 «Warkaa» is preparing to merge with Standard Chartered Baghdad / follow-up to the future: announced «Bank« Warka »Iraqi private close its merger with Standard Chartered British, at the request of the Iraqi Central Bank raising capital all private bank to 250 billion Iraqi dinars ($ 200 million) by the end of 2013. The Executive Director for «Warkaa» Mohammed al-Samarrai, a merger agreement reached its final stages between the Iraqi banks and the British, what gives first the bank's ability to fund major projects. He stressed that the merger of the bank with a foreign institution giant will increase the confidence of customers and the government and the Central Bank of Iraq. Was the Iraqi Central Bank called for private banks to merge with each other, to ensure the formation capitalized facilitate the work of financial and strengthen citizen's confidence in them. The source of the «Union of Iraqi banks» that «private banks reject the merger, being family banks and financial institutions not in the true sense. Every family want to sit on the throne of the financial institution is not shared by the family of a second. The source explained that the first merger agreed upon will be between four private banks, pointing out that «no solution to these banks only a merger, being obliged to submit a financial statement end of 2013 to the Central Bank that it raised its capital to 250 billion Iraqi dinars». Operates in Iraq six Arab and foreign banks especially are «ABC» Bahrain and «Turkish Agricultural Bank» (زرات) and «Bank Melli Iran and the Lebanese banks 'Byblos' and 'Intercontinental' and« Beirut and the Arab countries. The Iraqi financial institutions are seven state banks, five of which are concerned with the affairs of specialized industrial, commercial and housing, and 30 private banks, of which seven are Islamic.
  5. Hi I find this interesting comment: IS the same commentary written by adam? "I don’t what some of you idiots have been reading or where you’re getting your information, but I am an economist and I’ve studied the economy rebuilding in Iraq and its dinar has gained significant value in the last ten years compared to the dollar and rises everyday. This country is going to be the backbone with its minerals, natural gas, oil, and all the gold recently purchased by Iraq only strengthens their currency. With the assets this country has, their currency will be one of the strongest currencys on the market soon. Now what will the revalue be?? Is to be determined by the CBI. I’ve done my math on this dinar revalue and I’ve got to say Iraq is going to make money on this but by no leans will go into the debt column to make anyone rich. I’ve done my figures and figured a .10 revalue to start with and get all the big denominations off the street and I’m sure the time period will be about 90 days to cash in then your dinar will no longer be of value. The CBI has to control the debt ratio because it’s costing the CBI money to do this so their spread will probably be set somewhere in the 25% range. You’re going to pay a spread that’s inevitable. So if you invested in let’s 1milloon dinar , then your ROI looks close to around 100,000.00 before all spread fees are paid. It will RV, but by no means will it make you a millionaire. Now if it does come in one to one then expect to walk away with around 860,000.00. You’re going to pay a spread. Everyone will get a chunk before its done. The CBI will buy back your dinar for .75% less than the RV. they have to make their debt ratio column balanced. In other words if it comes in at 3:1 expect to trade in at 2.25. Then they’ll buy in at that rate and sell that same amount of dinars you just traded for $3.00 to meet their spread. Half of you idiots here have no clue what you’re talking about. Do you’re economical research before criticizing anyone. Why do you think they are raising te capital gains tax from 15 to 20%? Happy New Year to all. Maybe I should buy dinars!" http://www.iraq-busi...adoff’s-fame/
  6. Translate from http://www.ikhnews.c...n=view&id=50100 Baghdad (news) .. Warned of the economic news reconcile inhibitor, from the possible collapse of the national currency applying the project to delete the three zeroes from the currency, calling for an economic feasibility study for the project before its implementation. The inhibitor (of the Agency news) on Saturday: The project to restructure the local currency by deleting the three zeroes of which needs to be enough time for discussion by experts and specialists, study in detail to see the results of negative and positive and the extent of its importance to the economy and its impact on the national currency. He suggested: Launch of the new currency along with the old currency for a period of not less than (10) years so as not to cause damage to the economy or a breach in the market, noting that Turkey fought experience and has seen an economic crisis as a result of launching a new currency for once with the withdrawal of the entire currency of the old. He added, must be careful before implementing the project to delete the zeros because a large project concerns the general public and its effects directly on the economy, whether positive or negative, calling for development of good mechanism to be applied to prevent the occurrence of probably cause in which a collapse of the local currency, a public placement, fraud, or something like that. The central bank announced earlier in the year 2013 will see the deletion of zeros and switch the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes. He demanded the prime minister's central bank to wait to draft the three zeroes deleted from the local currency, saying he was a big project and needs to be enough time to apply. / Finished / 8. D. Q /
  7. http://www.alsumaria...zeros-soon.html Saturday, September 03, 2011 12:21 GMT The denomination of the Iraqi currency reached its final stages as the study and draft resolution reached the Cabinet after being sent by Iraq Central Bank. Iraq Central Bank said that it won’t only delete the zeros but it will also change Iraq monetary structure in order to provide bigger currencies. According to this project coins will appear again in the Iraqi currency, as for the banknotes the Central Bank will recourse to international institutions to print them. The new currency will be printed in 3 languages including the Kurdish and it will include pictures that represent the Iraqi civilization. Since a while Central Bank tries to pass this project. The Central Bank stresses that this change will not affect the buying capacity of the Iraqi dinar and its influence is only restricted on the organizational things and it aims to decrease the huge volume of currencies in Iraq.
  8. article from http://www.yourforex...ng-iraqi-dinar/ New Millionaires Created Using Iraqi Dinar? If you haven’t yet found out about the uncommon opportunity to invest in the currency of Iraq (the Iraqi dinar or IQD), then it might be worth your time to check into it. You will not hear a lot about it in the mainstream media. The politicians will not let you in on it (although many of them are heavily invested in the Iraqi dinar), and your banker probably knows nothing about it.Nevertheless, for a few hundred dollars (still within the reach of most folks – even in these hard times), you may well get into the investment of a lifetime. Currently the Iraqi dinar doesn’t have a value on the world stage. Basically, the value is whatever the street will give you for it. You can find it on eBay and other auction websites, but don’t buy it there. You want to make sure that you get yours from a reputable, registered currency dealer. These dealers need to be registered with the US Treasury (if they are located here in the states). Why do we say that the Iraqi dinar is an investment of a lifetime? Currently you are able to get a million dinar for about one thousand US. In times past, the IQD was worth over $3 USD. Is it a certain bet? There isn’t any such thing. However, the upside on this is so Huge that you may feel like a dunce if you did not at least get a quarter million dinar (around $300 US) or so. You will find a few ways a person could invest in the Iraqi dinar. Most people would rather simply purchase the currency from a reputable dealer and simply hold onto it (you may wish to put it in your safety deposit box and the bank – if you have a stable bank, you can trust to be there – actually – you should be able to get your dinar and other items out even if the bank folds -they are dropping like flies nowadays). You can also open up an account with a bank in Iraq (don’t worry you won’t have to visit Bagdad to do it), but we have heard more con than pro on that route. If you have an Iraqi bank account, you can now even play their stock market that has gone electronic. For their market to actually open up to the world, they’ll Have to get a world value on their currency. With the US pulling troops out of the country, there are numerous signs which this could occur soon. Search for our Opportunity Investigator Radio Show on BlogTalkRaio and find the episode on the Iraqi dinar, to hear more about it. Most people today would instead go to the casino or bingo hall and spend a couple hundred bucks. Gaming is one of the most profitable industries left after the meltdown. BUT, if you consider what I am telling you here, it might well change your life and assist you to beat your own recession!
  9. Wow Warka on Facebook! http://www.facebook....28234389&v=info
  10. I tried exchange $ to IQD No problem!
  11. http://www.foxnews.com/story/0,2933,588577,00.html?test=latestnews perhaps RV :lmao:
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