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ISX - Company Announcements, According to the announcement by the CBI


yota691
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ISX - Company Announcements • According to the announcement by the CBI, CBI Board of directors has taken decisions on its exceptional sessions no. 1519 on Jan. 25, 2015. According to the CBI’s Law No.(56) for the year 2004 (revised), CBI issued instructions to achieve the goals of the bank and the stability of the IQD exchange rate against foreign currency through the optimum use of the resources of foreign exchange resources to meet the all needs and not distracting CBI with functions which are the top of work of the banking system and the relevant offices, while adhering to the requirements of anti-money laundering and terrorism funding laws No. 93 for the year 2004. In the announcement, the list of allowed transactions funded from banks abroad mentioned. The instructions will be applicable starting from Feb. 22, 2015. (Source: CBI) • Al-Mansour Hotel (HMAN) sent a letter to the ISX and announced that the ownership of the land of 25.19 acres and 60 square meter was assigned to HMAN according to the decision of Presidential of Baghdad Resumption Court / Karkh / the second resumption commission, according to the trusted decision to unblock the custody No. 48/S/2011 in 19/3/2014, and the decision was approved by the “Discrimination Commission” on 5/2/2015. • Al-Harir For Money Transfer (MTAH) suspended from trading today (Feb. 12, 2015) until the company provide the financial disclosure for the periods; 2014Q1, 2014Q2 and 2014Q3.

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From yesterday... News and Announcements

 

  • To / banks authorized to exercise all banking -financial companies approved the conversion of all- all licensed exchange companies ( sale and purchase of foreign currency instructions )   
    02/11/2015

Read more: http://dinarvets.com/forums/index.php?/topic/196843-new-cbi-announcement-02112015/#ixzz3RYPEwpZh


and the above was sent to me... you know who you are....Thanks  again... :rolleyes: 

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not RV news my friends.  this is simply the ISX's announcement to the companies listed on its bourse spreading the news that come February 22nd banks will take over the auction process as directed by the CBI.  the CBI will take a more oversight role.  

 

Interesting.  Sure looked good for a moment. 

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not RV news my friends.  this is simply the ISX's announcement to the companies listed on its bourse spreading the news that come February 22nd banks will take over the auction process as directed by the CBI.  the CBI will take a more oversight role.

Care to elaborate how you came to that conclusion? And any idea as to why

the 28% jump.

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Care to elaborate how you came to that conclusion? And any idea as to why

the 28% jump.

certainly.  it was written in the budget and tied to cbi law #54 or something like that.  it is the cbi's stated plan to step back from the auction process and allow the private banks to manage it.  the cbi is also lifting the restrictions on letters of credit (trade) which has been solely authorized for the trade bank of iraq to perform.  

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certainly.  it was written in the budget and tied to cbi law #54 or something like that.  it is the cbi's stated plan to step back from the auction process and allow the private banks to manage it.  the cbi is also lifting the restrictions on letters of credit (trade) which has been solely authorized for the trade bank of iraq to perform.  

 

Thanks, this whole thing has gotten way to technical :nooo:  for me. :shrug:

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March 1st . Tarriffs...................... February 22nd for these rules to go into affect ............... Very Interesting

 

I agree, it is very interesting.  Tariffs and taxes on March 1 so hopefully we have an RV before that date.   Time will tell. 

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