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Press release CBI announcement 02/05/2014


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News and Announcements   ( press release ), the Directorate General of issuance and cabinets held at the Central Bank of Iraq, an expanded meeting with representatives of the banks to inform them on

thanks to meliahlore   "(Press release ), the Directorate General of issuance and cabinets held at the Central Bank of Iraq, an expanded meeting with representatives of the banks to inform them on h

"The central bank also urged banks to establish centers of currency counting and sorting using modern mechanization" Trinity, if you like, I would like to see more on your comment.

The plan is in motion, our time to cash in is really close.

Increase the exchange rate, collect all 000's notes and at the same time introduce the lower denomination notes.!

Go CBI

Go increase exchange rate $1.13:1

Go cash in

Go lower denomination notes

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thanks to meliahlore

 

"(Press release ), the Directorate General of issuance and cabinets held at the Central Bank of Iraq, an expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and examination."
02/05/2015

Statement issued by the Central Bank of Iraq

Directorate-General for issuing and cabinets held at the Central Bank of Iraq expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and testing in addition to the definition of modern mechanization used by the Central Bank of Iraq, and the mechanism of action in the counting and checking, sorting and bundles of banknotes as well Technology to fake and damaged automatically excluded.

The central bank expressed willingness to provide expertise and training and the rest of the facilities in order to facilitate the development of counting and sorting operations in banks and also keen to secure access funds from the banks to the Central Bank in a facilitator to accomplish counted and examined and sorted automatically processes.

The central bank also urged banks to establish centers of currency counting and sorting using modern mechanization to ensure deposit of banknotes by banks with the Central Bank of Iraq and is free of shortage and damaged.

CBI


Original Document Link:
http://www.cbi.iq/documents/press%20...205-2-2015.pdf

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Would somebody grab my boots and pull me off the ceiling ! "I can almost see now in Acapulco, I can almost feel the wind that makes the palm trees sway....." Gary Stewart !......Damn I'm stoked for the second day in a row ! May God bless all of us !

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I would wager they did this, or are doing this, because of the recent actions taken by the CBI to guarantee the dinar both at home and abroad. The idea being if the citizens have confidence in the banks, via these new guarantees, they'll bring their dinar into the banks and make deposits. The banks will then, in turn, loan this money out to citizens for things like cars, houses, small businesses, etc...thus stimulating the economy and thus bringing us one step closer to our goal. If people start bringing it in [their dinar] the bank employees are going to need to know how to count, sort, verify the dinar coming in and be up to speed on what to do with dirty / tattered notes, and counterfeit dinar should they happen to get some in. Hence the meeting with CBI / bank reps resulting in this press release.

Edited by _RFJ
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thanks to meliahlore

 

"(Press release ), the Directorate General of issuance and cabinets held at the Central Bank of Iraq, an expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and examination."02/05/2015[/size]Statement issued by the Central Bank of Iraq

Directorate-General for issuing and cabinets held at the Central Bank of Iraq expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and testing in addition to the definition of modern mechanization used by the Central Bank of Iraq, and the mechanism of action in the counting and checking, sorting and bundles of banknotes as well Technology to fake and damaged automatically excluded.

The central bank expressed willingness to provide expertise and training and the rest of the facilities in order to facilitate the development of counting and sorting operations in banks and also keen to secure access funds from the banks to the Central Bank in a facilitator to accomplish counted and examined and sorted automatically processes.

The central bank also urged banks to establish centers of currency counting and sorting using modern mechanization to ensure deposit of banknotes by banks with the Central Bank of Iraq and is free of shortage and damaged.

CBIOriginal Document Link:[/size]http://www.cbi.iq/documents/press%20...205-2-2015.pdf

The CBI is getting ready for the cash in day.!!

Go CBI

Go increase exchange rate $1.13:1

Go De la Rue

Go cash in

Thanks TBomb

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thanks yota - here's an article yota posted this morning

 

Posted Today, 03:06 AM

Affairs Committee Alatqasidih take a number of supporting the banking sector decisions

By Adminsa 05.02.2015 1:38 | Views: 15

Font Size: font_decrease.gif font_enlarge.gif
 

Brother - Baghdad

Committee on Economic Affairs held its third meeting under the chairmanship of D.roژ Nuri Shaways Chairman of the Economic Committee and attended by ministers (finance, oil, planning, commerce, industry, minerals and agriculture) and the Governor of the Central Bank of Iraq and President of the National Authority for Investment and Economic Adviser to the Prime Minister and the Deputy Secretary General of the Council of Ministers and the President Legal Department of the Prime Minister's Office.

Statement of the Commission received for News Agency (et), a copy of which explained taken many supporting the private banking sector decisions being the main gate to the development of the Iraqi private sector, including the following:

 

1. The Ministry of Finance to compel government departments to accept all certified instruments issued by private banks.

2. The Ministry of Finance in coordination with the Central Bank of Iraq and the Association of private banks in Iraq to put controls and mechanisms are clear and specific to deposit the salaries of employees and retirees in private banks and including

 

3. The Central Bank of Iraq and the government to study the possibility of banks lending to private banks to finance small and medium enterprises because of their importance to the revitalization of the Iraqi private sector.

4. the Trade Bank of Iraq to open credit lines with private banks under the supervision of the Central Bank of Iraq.

5. emphasis on activating the role of the financial court as stipulated by the banks and in accordance with the law of the Law of the Central Bank of Iraq and not to resort to other courts.

6. The Central Bank of Iraq to study the possibility to benefit from the legal reserve for private banks to grant investment loans from the reserve and Bahrafh.

 

7. emphasis on the Ministry of Finance and the Central Bank of Iraq to apply to the Committee on Economic Affairs Resolution No. S.l / 495 on 18.11.2014 regarding the opening of letters of credit to the private banks up to 10 million dollars (ten million dollars) without passing the Iraqi Trade Bank.

8. do all of the Rafidain and Rasheed deposit part of their money to the private banks in exchange for soft benefits that you own private banks to invest those funds in investment projects in accordance with the economic feasibility and according to specific mechanisms and guarantees of studies.

 

9. The Central Bank of Iraq to submit a draft deposit guarantee the necessary speed.

 

10.kiem the Ministry of Finance and the Central Bank of Iraq and the Iraqi Trade Bank launched amounts of credit according to the contexts globally applicable and not suspended or delayed when the support you received the items.

 

11. urged own private banks to create partnerships with international banks for the purpose of strengthening the developmental role of the country and create investment opportunities and operation of labor.

 

12. Intensify efforts by private banks on civil educate citizens to deposit their money in banks instead of keeping them indoors and strengthen trust between citizens and banks.

 

Economic Commission also emphasizes the support of the independence of the central bank and to avoid prejudice to the Bank for its endeavors in order to achieve its objectives and carry out its tasks, and support for new instructions issued him to achieve better control and transparency


Read more: http://dinarvets.com/forums/index.php?/topic/196349-economic-commission-decisions-to-support-the-bank/#ixzz3QtYZjffW

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Thanks Yota for your hard work. I didn't miss spell your call name this time  I put a list of call names by my computer that I use the most so I don't miss spell. If I see the word I do better with my typing and I don't miss spell or miss words LOLOL. 

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According to the news my friends, this is not directly about revaluation. My latest research is revealing to me just how bad the financial system is. Iraq is making major moves to develop thus sector to modern standards. It really is that bad. I can go into further detail if you like.

If Iraq is to bring their economy to a respectable level, their financial sector is the first thing tof be overhauled.

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"The central bank also urged banks to establish centers of currency counting and sorting using modern mechanization"

Trinity, if you like, I would like to see more on your comment.

Edited by Carrello
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According to the news my friends, this is not directly about revaluation. My latest research is revealing to me just how bad the financial system is. Iraq is making major moves to develop thus sector to modern standards. It really is that bad. I can go into further detail if you like.

If Iraq is to bring their economy to a respectable level, their financial sector is the first thing tof be overhauled.

yes please share details 

thanks

davis

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