NMP2017

Found something new about warka in fb...posted yesterday 20 Apr. Make of it what you will, not like we haven't heard this or similar before. https://www.facebook.com/groups/783060431793021/ Posted by Jawad Al-Hilfi Results of the interview today... Things are positive, God willing Al-Warka Bank has applied to the central bank to facilitate a currency and return to auction and to raise legal cases between them. This is required with the approval of all districts in the central bank 000 The Directorate of Banking and Credit, represented by its manager, has submitted a request to approve the bank's work to all the departments Waiting for approval of this

They went big one way and it didn't work, they should go BIG the other way and see what happens! 😁 Unfortunately this is Iraq so they'll probably go to 2000 🤬

That be them! Thanks! Too bad they don't list member banks anywhere!

Does anyone have any contact information for the Iraqi Private Banks Association? I have searched and Google comes up with nothing for me. Email, Facebook page, is best, thanks.

Yeah 64jag if ONLY that would work! Sadly, I read elsewhere too that the $15m loans are only for EMPLOYEES. Had hoped maybe "employees" was a translation f'up but apparently it ain't. Still begs the question how the CBI can let Warka give loans to ANYONE yet won't let clients withdraw money!

Looks like Warka Bank is part of the CBI 15 million IQD loan program. I know I'd pay 4% to get my money out of Warka!

hmmm...looks like Warka Bank is in on this too

I've only read this here. I've never seen a post about this FROM Warka Bank anywhere, not on their fb page nor on their website. I do know they have been reading emails on and off since Nov 2020 when I started requesting a new password again, they haven't responded though. They did the same thing last year before emailing me my new pw in Feb Who knows when they will respond? It's not like they give a sh*t about us, their clients...

EXACTLY! And to do it for how many years now? 9? 10? I lost count The CBI had no problems saying other banks were toast way back when, but they never have with Warka for some reason.

others have posted in another thread that they received the interest but it took awhile...

So much for that! Turns out it is old news from 2018. This was posted on the other forum this morning. "****! A big nothing burger! From 2018, I got this from MEPS - "Hello xxx, we have signed an agreement back in 2018, but unfortunately we didnt proceed with the implementation part and canceled the agreement"

Found this in another forum. Anyone know if it is recent or old news? Any other info on it? If new I take it as good news that Warka may soon be back up and running! Warka/MEPS Mastercards anyone? 👍 https://mepspay.com/media/meps-and-warka-bank-for-investment-and-finance-sign-cooperation-agreement-for-comprehensive-solutions-and-services

Iraq needs a "Rescue Plan" that's better than the "Get Well Plan" the CBI has been helping Warka Bank with for the last...how many years now? 🤣

So has anyone seen what was asked of the new CBI Governor back on the 27th of Jan? My searches are coming up empty...

As far as I know there has been no renewals since Feb last year. I've been emailing since Nov and nada, and others for much longer These are the emails myself and others send to: mohammad.k.issa@warka-bank-iq.com, ifrd@warka-bank-iq.com, e-bank.ms@warka-bank-iq.com, e-bank@warka-bank-iq.com I always send mine so they arrive around 9:30am Baghdad time, sunday - thursday as they are closed friday and saturday,,,took 3+ months last time,,,and almost 3 months now since started emailing for a new one again... Good luck and let us know if you get any kind from contact from Warka!

🤣😂🤣 OF COURSE THEY ARE!!!

can't wait to see what happens tomorrow when the banks open since they've been closed the last 2 days,,,

can't wait to see what happens tomorrow when the banks open since they've been closed the last 2 days,,,

Rate change but in the WRONG direction!!!!! POSTED ON CBI FB PAGE - NEW RATES 1450 dinars for every dollar, the foreign exchange purchase price from the Ministry of Finance 1460 dinars for every dollar, the price of selling foreign currency to banks 1470 dinars for every dollar, the price of selling foreign currency to the public We ask the Lord Almighty to take the hand of our country and our people for the good, payment and upliftment. Central Bank of Iraq 19 December 2020 https://www.facebook.com/cbi.iraq

creating an exception worked for me though I did mine awhile ago and had to use an older version of firefox...

Shamalamma, the security certificate has needed renewal for years. It has been written in many posts that a person needs to create an "exception" for the site in their browser to bypass the warning with that error message you may just need to click on "advanced" to bypass it

Here's a link to another post with the info you're looking for. Warka hasn't updated the info on their website in years. https://dinarvets.com/forums/index.php?/topic/275853-warka-interest-added-to-accounts/

Found this new post in FB Iraqi Warka group - https://www.facebook.com/groups/783060431793021/ I'd like to know what decision was made on 7/17/2020. Here is the post: "From the news of Warka Bank (copied from a publication and not the ideas of the current publisher): I made a lot of contacts with the relevant authorities, and I looked at the decision of the Board of Directors of the Central Bank on 7/17/2020. I also reviewed the plan for the rehabilitation of the Warka Bank, which indicates the Central Bank’s keenness, specifically the Banking Control Department, to make efforts to save the bank. Therefore they called everyone The bank’s board of directors, major shareholders and depositors, to seize the opportunity and cooperate to make the central bank’s efforts to save the bank a success. This may be the last opportunity. After studying all the matters, I propose to you the following plan to save the bank: 1- The bank’s board of directors calls for a meeting of the general assembly to elect a new board of directors and make a decision to increase the capital from 105 to 250 billion dinars 2- That the major shareholders contribute with the new board of directors to the success of the capital increase process, taking advantage of the facilities approved by the Central Bank to complete the capital increase 3 - That the board of directors do everything necessary to return the company to trading on the Iraq Stock Exchange 4- Stopping the implementation of all judicial decisions against the bank for a period of one year 5- That the bank proceed, after a month of its start of work, to pay the money of deposited persons at a rate of 5% of their money every month, provided that the full amount is paid within a maximum period of two years THIS IS THE BIG ONE TO ME! 6- After paying the deposited persons' money, a plan is set to pay the state departments and the creditor companies 7 - The central bank undertakes a plan to rehabilitate the bank and that everything is done in cooperation between the bank’s board of directors and the central bank and under its supervision I hope everyone will cooperate to save this bank, which was a pioneer in everything Greetings to all Dr. Alaa Al-Mousawi President of the Investors Association of the Iraq Stock Exchange"

My password was renewed in Feb 2020 so I was able to login this morning. It took from Nov 2019 to Feb 2020 for warka to renew it so I guess I'll see if it expires in Nov as usual or in Feb as my account now says is the new expiry date...

So if I am reading this right 2 years ago the CBI told Warka to start giving us our money back but Warka has been using it to make money instead. If true the CBI needs to make Warka start doing #1 immediately! I mean if Warka can issue letters of guarantee they can give us our money back,,, Here is the post: https://www.facebook.com/groups/7830...ref=nf&__xts__[0]=68.ARD2ul8Mgy7txJZk19fy6YcV33yg7dkyzc177zZoFY4HTh zYuawSFXsmdZ0rm0Oulbr5cLRASwqeMnMp6Zw2ZXRM1Td25fia i5ZA6l5Iayv6SqBwRz2jsCFMI4QrBDQz7mswmn0ti6zu7LO9ZA 8b0LcSWLpXNH4wXeJinGD6nU9MS6CYGLPSMhSuKdSSBHz8Z7nQ nHvqlb5smNW8XFf3vSTPR1nw7GWpjavrR1E7U3BDjVbAim8LyB HKdq-FzV8Ym07HmgSfsTs7C7v55IKfa0gH4JjdpZGJ4uYM4geB_lG-7gaDXIOlje4Za-e-9U8TnxE1R_lp37jSUa32r_Zp&__xts__[1]=68.ARAhL1-FMzP_TTlaahV5Fw3djbmSvsRdZQEVocQaaYcilX8c5CzknovYS U8aSDcng57U7UOJyETak6fIWb3zG1ITh7acpDKwfF0cD-55lsF72KrTfCzyQz0QRba2t7d5UBnx9hkzn_LCtQ_8q6e1L6d1 bOvq1LsiG4gvkPdr8h7gS23r2mV_xNZ61GvPhiOxaCJyvAFsB6 HgKbwZ8r3Onf9Ud5o6Cy840Ej4qibzEwfgGiFyZ4BnSzaIYO-I8Ky5T2YWaHF6SMQJvGdO_IcrCKLc-LIFZuOdNLA17N01eCBwQkv6fyu0PZLooZRtoA8iGM48NfEVLrl ncvkv6vT7&__tn__=C-R Alwarq Bank The contributors to the Bank visited the headquarters of the General Administration of the Bank and contacted the Central Bank for the latest developments. We have received the following information: Almost two years ago, the central bank requested the bank to pay the depositors and then allowed the bank to participate in the window of selling the currency and practicing its business normally. After a period of time, the bank's administration applied to the central bank to increase its capital. Money and pay the depositors shares for their deposits But the depositors rejected this proposal and things remained unresolved Upon enquiry from the Central Bank about the possibility of operating a bridge bank, the answer was (joking) that the Warek Bank is required by a two-story bridge bank. 3-Now, the bank's administration has three options: First option: To pay the depositaries their money and go back to work normally The second option: Merging with another bank The third option: Clearance of the bank The second and third option will result in the loss of shareholder s' rights So all contributors should unite their efforts to put pressure on the board of directors of the bank and the central bank to protect their rights Greetings to all Dr. Alaa Al Musavi Head of the Iraqi Stock Exchange Investors Association