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Here's an article of Dinarian interests... NOTE: This article was posted earlier but is worthy of a re-post. Treat as a rumor. Not verified. Your opine. NOTE: This article was posted earlier but is worthy of a re-post. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Iraqi Banks Are Rock Solid & Secured While US & EU Banks Are Collapsing. ARTICLE: Five Iraqi banks managed to exceed the trillion Dinars barrier with the size of their deposits in 2023, while only two Iraqi banks were able to break the barrier of 2 trillion Iraqi Dinars by the size of customer deposits with the two banks. “The International Development Bank & the National Bank of Iraq were able to break the barrier of 2 trillion Dinars with the size of deposits in 2023,” said the economist, Manar Al-Obeidi. As for the five banks, they are the International Development Bank, the National Bank of Iraq, the Bank of Baghdad, the Iraqi Islamic Bank, the South Islamic Bank, according to the economist. He added, “The deposits of the five banks grew by 11.3% compared to 2022 & the total deposits of the banks reach 9.25 trillion Iraqi Dinars.” He pointed out that “the South Islamic Bank achieved the highest rate of growth in deposits by more than 147%, then the National Bank of Iraq, whose deposit value grew by 90%.” Al-Obaidi stressed that “this growth reflects a rise in public confidence in Iraqi private banks & the ability of private banks to acquire part of the cash bloc exported outside the banking system, as it is noted that the volume of deposits for the five banks in 2019 did not exceed the barrier of 1.8 trillion Iraqi Dinars to reach more than 9.25 trillion Dinars today.”
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here an article from Dinarland... Iraq banks receives excellence in credit ratings. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: ARTICLE: The National Bank of Iraq gets an advanced rating in Moody’s at B3 and Caa1 Moody’s credit rating agency announced the long- and short-term deposits rating of the National Bank of Iraq affiliated to the Capital Bank Group in local currency for the first time at B3 & the long & short-term deposits rating in foreign currency at Caa1, driven by the decision to raise the modified basic credit assessment of the bank (Baseline Credit Assessment) to caa2 from B3. The agency also raised the long & short-term counterparty risk ratings to B3, with a stable outlook for all ratings on long-term deposits. And taking into account the classification of long-term deposits in the local currency of the National Bank of Iraq, the basic credit rating is at Caa2 & two degrees of rise, which reflects the possibility of obtaining a high level of support from the parent company (Capital Bank of Jordan), which was rated B1 with a stable outlook and low support. From the Iraqi government, according to Moody’s expectations. Commenting on this rating, Daoud Al-Ghoul, CEO of Capital Bank Group, said: “This global rating reflects the strong financial position of the National Bank of Iraq & will support its directions for growth & prosperity by opening new horizons for cooperation with regional & international financial institutions.”
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Luigi says we have conflicting reports. China owns the world...calls all the shots...in charge of RV. Four of China's largest banks on verge of collapse. BOC infuses $100s of Billions to avoid runs on the banks. It looks like China is out of bargaining chips. 11-1-2019 Intel Guru MarkZ [via PDK] November - the month I never thought we would hit…We are hearing the Chinese took over last night around midnight and they already have a solid plan to get things rolling over the next 24 hours or so. And could be as early as just hours away. The US loses 2% but it will not affect anything on our side of the exchange or the rates. We are all watching today daggone closely... Domino #2: Chinese Bank With $105 BN In Assets On Verge Of Collapse. Beijing has had its hands full with avoiding a bank run in the aftermath of Baoshang Bank's failure, scrambling to inject massive amounts of liquidity last week in the form of a 250 billion yuan net open market operation to thaw the interbank market which was on the verge of freezing, and sent overnight funding rates spiking and bond yields and NCD rates higher. Trump blamed over US-China Trade War.
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this latest just in... Could Iraq be in final testing the banking system for the big one? 7-18-2018 Newshound Guru MilitiaMan Article: "Central: Sirens fired at the pool of banks of training practices will last for two days" Quote: "The Central Bank of Iraq, on Wednesday, that the warning sirens launched at the banks complex...training practices will continue for two days" ..."The warning sirens launched at the banks complex...is one of the training practices carried out by the Department of Civil" This is telling us imo, that they are as of today and tomorrow testing the system for the big day.. Jurassic park styled, test the fencing..Imo.
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Luigi says... All these articles should be of Dinarian interests. Not varified. Your opine. 2017/11/18 8:04 rumors from around the web... Rafidain Bank announced the opening of its new branch in the Jordanian capital Amman to provide banking services to Iraqi citizens residing in that country. “The new Rafidain branch was opened in Sweifieh in the Jordanian capital of Amman in a move that the bank has taken towards leadership, progress and financial coverage,” the bank’s information office said in a statement received by the agency. He pointed out that “the branch provides financial services and facilities for citizens from the payment of salaries and the opening of current accounts and savings and bank deposits.” 18 Nov 2017 The United Nations has advertised new positions in Iraq: Finance and Administration (F&A) Manager, International Business & Technical Consultants, Inc. (IBTCI) Movement Control Assistant, United Nations Assistance Mission for Iraq (UNAMI) 11-18-2017 Newshound/Intel Guru xxxx Article: "(IBAN) IN BANKING TRANSACTIONS" Quote: "IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations" A few weeks ago they implemented SWIFT and it is mandated by the end of 2017 for all banks in Iraq. So now we see IBAN also in use as it is also a worldwide banking standard. Both of these banking requirements are mandatory if you are going to do international banking. Does anyone remember way back to 2012? The minister of Finance then told us then that IBAN was coming that year, but due to corruption they delayed the banking reforms until later. Now we see it.
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Luigi asks... Will our IQD simplyvvanish after we convert to USD at the banks? What do you have planned should the banks steal our money? Not varified. Your opine. 11/9/2015...Sovereign Man Notes From The Field By Simon Black November 9, 2015 Santiago, Chile Astonishing Report From The Fed Says US Banks Are Not “Sound” Late last week, a consortium of financial regulators in the United States, including the Federal Reserve and the FDIC, issued an astonishing condemnation of the US banking system. Most notably, they highlighted “continuing gaps between industry practices and the expectations for safe and sound banking.” This is part of an annual report they publish called the Shared National Credit (SNC) Review. And in this year’s report, they identified a huge jump in risky loans due to overexposure to weakening oil and gas industries. Make no mistake; this is not chump change. The total exceeds $3.9 trillion worth of risky loans that US banks made with your money. Given that even the Fed is concerned about this, alarm bells should be ringing. Bear in mind that, in banking, there are three primary types of risk, at least from the consumer’s perspective. The first is fraud risk. This ultimately comes down to whether you can trust your bank. Are they stealing from you? MF Global was once among the largest brokers in the United States. But in 2011 it was found that the firm had stolen funds from customer accounts to cover its own trading losses, before ultimately declaring bankruptcy. It’s unfortunate to even have to point this out, but risk of fraud in the Western banking system is clearly not zero. The second key risk is solvency. In other words, does your bank have a positive net worth? Like any business or individual, banks have assets and liabilities. For banks, their liabilities are customers’ deposits, which the bank is required to repay to customers. Meanwhile, a bank’s assets are the investments they make with our savings. If these investments go bad, it reduces or even eliminates the bank’s ability to pay us back. This is precisely what happened in 2008; hundreds of banks became insolvent in the financial crisis as a result of the idiotic bets they’d made with our money. The third major risk is liquidity risk. In other words, does your bank have sufficient funds on hand when you want to make a withdrawal or transfer? Most banks only hold a very small portion of their portfolios in cash or cash equivalents. I’m not just talking about physical cash, I’m talking about high-quality liquid assets and securities that banks can sell in a heartbeat in order to raise cash and meet their customer needs to transfer and withdraw funds. For most banks in the West, their amount of cash equivalents as a percentage of customer deposits is extremely low, often in the neighborhood of 1-3%. This means that if even a small number of customers suddenly wanted their money back, and especially if they wanted physical cash, banks would completely seize up. Each of these three risks exists in the banking system today and they are in no way trivial. Very few people ever give thought to the soundness of their bank, ignoring the blaring warning signs that are right there in front of them. Every quarter the banks themselves send us detailed financial statements reporting both their low levels of liquidity and the accounting tricks they use to disguise their losses. Now we have a report from Fed and the FDIC, showing their own concern for the industry and foreshadowing the solvency risk I discussed above. Every rational person ought to have a plan B to hedge these risks. And I would propose three methods: 1) Transfer a portion of your funds to a much safer, stronger banking jurisdiction, preferably one with zero net debt. 2) Hold physical cash. Physical cash serves as a great short-term hedge against all three risks, with the added benefit that there’s no exchange rate risk. All you have to do is go to your nearest ATM machine, take out a small amount at a time and build up a small pool of cash savings. 3) Hold gold and silver. While physical cash is a great short-term hedge against risk in the banking system, gold and silver are excellent hedges against long-term risks in the monetary system and global financial system as a whole. There may be a time where we are faced with the consequences not only of a poor banking system, but also of decades of wanton debt and monetary expansion. At that point, the only thing that will make any sense at all is direct ownership of real assets. Until tomorrow, -
27 Aug 2015...Intel Newshound Energysparkles... WENT TO WELLS FARGO TODAY FOR BUSINESS I HAD TO TAKE CARE OF AND TALKED TO THE BANKER AND ASKED IF THIS BRANCH CAN EXCHANGE FOREIGN CURRENCY. SHE SAID YES BUT NOT ON CHANGE ONLY BILLS. I ASKED WHO WOULD I SEE ABOUT THAT. SHE THEN STATED THAT THE PERSON OVER THAT IS IN A TRAINING CLASS TODAY AND WILL BE BACK IN THURSDAY. I SAID REALLY WHY WOULD SOMEONE IN CHARGE OF THAT HAVE TO BE TRAINED AND SHE SAID BECAUSE THERE WAS SOME NEW CHANGES HAPPENING AND SHE WILL BE COMING BACK AND TEACHING EVERYONE ELSE IN THE BRANCH. THEN I ASKED WHY WOULD EVERYONE NEED TO KNOW HOW TO EXCHANGE FOREIGN CURRENCY. SHE UNDERSTOOD THAT THERE MY BE A LOT OF PEOPLE COMING IN WITH DIFFERENT CURRENCIES SOON IS ALL SHE KNEW….LOLOL DO WE KNOW WHY……LOL LOL. I WAS JUST SO HAPPY TO HEAR SOMETHING GREAT FROM WELLS FARGO TODAY I HAD TO SHARE.
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