DinarThug Posted February 15, 2015 Report Share Posted February 15, 2015 CNN. Broadcasting The Means Possible For Iraqi Banks To Have International Connectivity - Now Just Do Away With That Programmed Rate ! (by walkingstick) Open electronic clearing system files2/16/2015 0:00 Baghdad, Omar Abdel-Latif Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks. Said committee member Dr. Magda Abdel-Latif al-Tamimi, said in a statement singled out the "morning": that theCommission will open this existing system files in 32 banks, government and civil strife in the development of banking project. She said the electronic clearing system based on smart instruments, and is common to know account in more than one bank, and also appears in the Central Bank. The World Bank has allocated $ 10 million to restructure the government banks and activation of electronic transactions including electronic clearing system.طباعة 16 Link to comment Share on other sites More sharing options...
v-star 650 Posted February 15, 2015 Report Share Posted February 15, 2015 wow I do like the foot note there clown-ster to have international connections ......... from my bank to central bank 3 Link to comment Share on other sites More sharing options...
siberian_shaddow Posted February 15, 2015 Report Share Posted February 15, 2015 Agreed V-650, seems there starting to look at themselves as more international then ever before go iraq. 2 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 15, 2015 Report Share Posted February 15, 2015 So Thugs what do you make of this? Link to comment Share on other sites More sharing options...
DinarThug Posted February 15, 2015 Author Report Share Posted February 15, 2015 So Thugs what do you make of this? Contingent Upon An Activation Timeline - I'd Say It's Time For My Favorite Crazy Mutha' Trucker To Get Excited ! 5 Link to comment Share on other sites More sharing options...
drj Posted February 15, 2015 Report Share Posted February 15, 2015 Thanks Thugs! 2 Link to comment Share on other sites More sharing options...
yota691 Posted February 15, 2015 Report Share Posted February 15, 2015 Open electronic clearing system files 2/16/2015 0:00 Baghdad, Omar Abdel-Latif Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks. Said committee member Dr. Magda Abdel-Latif al-Tamimi, said in a statement singled out the "morning": that the Commission will open this existing system files in 32 banks, government and civil strife in the development of banking project. She said the electronic clearing system based on smart instruments, and is common to know account in more than one bank, and also appears in the Central Bank. The World Bank has allocated $ 10 million to restructure the government banks and activation of electronic transactions including electronic clearing system. 2 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 15, 2015 Report Share Posted February 15, 2015 Contingent Upon An Activation Timeline - I'd Say It's Time For My Favorite Crazy Mutha' Trucker To Get Excited ! ROTFLMAO Last time I got excited Texas Granny had to spank my butt. And Markinsa was holding me down. Talk about PTSD LOL LOL LOL 3 Link to comment Share on other sites More sharing options...
moneysoon Posted February 15, 2015 Report Share Posted February 15, 2015 Thanks Thuggie, Perhaps things will continue to be facilitated this week. 2 Link to comment Share on other sites More sharing options...
DinarThug Posted February 15, 2015 Author Report Share Posted February 15, 2015 Thx For Having My Back Brother Yota ! I Got So Excited Posting It That I Cut Off The Link ! Open electronic clearing system files http://www.alsabaah.iq/ArticleShow.aspx?ID=86911 Link to comment Share on other sites More sharing options...
jeepguy Posted February 15, 2015 Report Share Posted February 15, 2015 thanks thuggie and who is that v-star guy 1 Link to comment Share on other sites More sharing options...
tennesseem Posted February 15, 2015 Report Share Posted February 15, 2015 YOU GUYS ROCK!!!!! 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 15, 2015 Report Share Posted February 15, 2015 ROTFLMAO Last time I got excited Texas Granny had to spank my butt. And Markinsa was holding me down. Talk about PTSD LOL LOL LOL 6 1 Link to comment Share on other sites More sharing options...
DinarThug Posted February 15, 2015 Author Report Share Posted February 15, 2015 thanks thuggie and who is that v-star guy Lol - U Got Ur Old Name And Avatar Back ! Link to comment Share on other sites More sharing options...
jeepguy Posted February 15, 2015 Report Share Posted February 15, 2015 yes ! not sure what happened ! but <------------- the guitar makes me look thinner RIGHT 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 15, 2015 Report Share Posted February 15, 2015 and i thought I had personalitiy issues Jeep guy!!! Link to comment Share on other sites More sharing options...
EagleEye Posted February 15, 2015 Report Share Posted February 15, 2015 I'm with you snow that is a horrible visual 2 Link to comment Share on other sites More sharing options...
DinarThug Posted February 15, 2015 Author Report Share Posted February 15, 2015 yes ! not sure what happened ! but <------------- the guitar makes me look thinner RIGHT What Guitar ? Everybody Just Notices Ur Hot Girlfriend ! 1 Link to comment Share on other sites More sharing options...
jeepguy Posted February 15, 2015 Report Share Posted February 15, 2015 hahahhahaha you folks ! gotta love the vetters Link to comment Share on other sites More sharing options...
aliciadogz Posted February 16, 2015 Report Share Posted February 16, 2015 Yota you and Thuggie are just awesome I just trust few people on DV and read a few people and known it is true. 2 Link to comment Share on other sites More sharing options...
Tirebiter Posted February 16, 2015 Report Share Posted February 16, 2015 Great post. Thank ye. As Iraq continues their banking and financial improvements and technology I have to ask you folks here who are way smarter than I am, do other countries with wide exchange rates against the USD, such as Vietnam, do they also have th same tech for transactions? I'm just trying to get a gauge or opinions as to how much all this continue progress has in relation to currency value and/or change in value. Thanks in advance for any replies. Great post. Thank ye. As Iraq continues their banking and financial improvements and technology I have to ask you folks here who are way smarter than I am, do other countries with wide exchange rates against the USD, such as Vietnam, do they also have th same tech for transactions? I'm just trying to get a gauge or opinions as to how much all this continue progress has in relation to currency value and/or change in value. Thanks in advance for any replies. 4 Link to comment Share on other sites More sharing options...
DinarThug Posted February 16, 2015 Author Report Share Posted February 16, 2015 As Iraq continues their banking and financial improvements and technology do they also have the same tech for transactions? It's A Rhetorical Question That Ur Asking ! Can U Deposit Or Exchange The IQD U Hold Into Ur Bank ? Can U Send IQD Electronically Overseas ? It's A Great Question By The Way So Let's Just Hope That Those Chuckleheads In Parliament Have Been Working On The Right Answer For Our Benifit ! 3 Link to comment Share on other sites More sharing options...
sandfly Posted February 16, 2015 Report Share Posted February 16, 2015 THANKS CLOWN 2 Link to comment Share on other sites More sharing options...
Big_J Posted February 16, 2015 Report Share Posted February 16, 2015 1 Link to comment Share on other sites More sharing options...
UNEEK Posted February 16, 2015 Report Share Posted February 16, 2015 Wooooooowhooo !! Great Thread!!!!! Loving the news!!!!!! Thanks Thuggie & Yota !! I hope it is okay to ad a snippet from milliondays post from last night about this: Millionday: NOTE -- THIS IS THE WORLD BANK FOR IRAQ -- HUGEMillionday: Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks.Said committee member Dr. Magda Abdel-Latif al-Tamimi, said in a statement singled out the "morning": that the Commission will open this existing system files in 32 banks and the government waged within the development of banking project.Millionday: NOTE -- THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM Millionday: It added that the electronic clearing system based on smart instruments, and the common knowledge in their account in more than one bank, and also appears in the central bank.The World Bank has allocated $ 10 million for the restructuring of State-owned banks and activation of electronic transactions including electronic clearing system.Millionday: SO THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED -- WHOOOPOWDanalivin4HIM: Did they state when?Millionday: THIS WILL BE DONE WITH THE BANKING DEVELOPMENT PROJECT -- THE REFORMS THEY ARE DOING NOW WITH ALL REFORMSfaith1: Do you have a list of the 32 Banks ? Like that it said ...Commission will open this existing system... existing system !!Millionday: THESE ARE THE IRAQI BANKS - YES I WILL BRING IT NEXT FOR US HUNMillionday: ID Bank or Institution City Branch Swift Code1 ABU DHABI ISLAMIC BANK BAGHDAD ABDIIQBA2 AL BARAKA TURK KATILIM BANKASI A.S. ERBIL BRANCH ARBIL BTFHIQBAAL RAFIDAIN BANK BAGHDAD RAFBIQBA5 AL-BILAD ISLAMIC BANK FOR INVESTMENT AND FINANCE BAGHDAD AIIFIQBA6 AL-HUDA BANK BAGHDAD BHDAIQBA, 8 ASHUR INTERNATIONAL BANK FOR INVESTMENT BAGHDAD AIBIIQBA9 ASYA KATILIM BANKASI A.S. ARBIL BRANCH ARBIL ASYAIQBA10 BABYLON BANK COMPANY BAGHDAD BABKIQBA11 BANK OF BAGHDAD BAGHDAD BABIIQBA12 BANKMED SAL, IRAQ ARBIL MEDLIQBAARB13 BANKMED SAL, IRAQ BAGHDAD MEDLIQBA14 BANKMED SAL, IRAQ BASRAH (BASRAH BRANCH) MEDLIQBABAS15 BANQUE LIBANO-FRANAISE SAL - IRAQ BAGHDAD BLFSIQBA16 BBAC SAL ERBIL BRANCH ARBIL BBACIQBA17 BLOM BANK S.A.L. BAGHDAD BLOMIQBAMillionday: 18 BYBLOS BANK SAL IRAQ ARBIL BYBAIQBA19 BYBLOS BANK SAL IRAQ BAGHDAD (BYBLOS BANK SAL) BYBAIQBABAG20 BYBLOS BANK SAL IRAQ BASRAH BYBAIQBABAS21 CENTRAL BANK OF IRAQ BAGHDAD CBIRIQBA22 CIHAN BANK FOR ISLAMIC INVESTMENT AND FINANCE ARBIL CIHBIQBA23 COMMERCIAL BANK OF IRAQ (S.A.) BAGHDAD AUBBIQBA24 CREDIT BANK OF IRAQ BAGHDAD CBIQIQBA25 CREDIT LIBANAIS SAL BAGHDAD CLIBIQBA26 DAR ES SALAAM INVESTMENT BANK BAGHDAD DSIVIQBA27 DIJLAH AND FURAT BANK BAGHDAD DFDIIQBA28 ECONOMY BANK FOR INVESTMENT AND FINANCE BAGHDAD (ALSHORJAH) ECOVIQBA616Millionday: 29 ECONOMY BANK FOR INVESTMENT AND FINANCE BAGHDAD ECOVIQBA30 ELAF ISLAMIC BANK BAGHDAD ELAFIQBA31 ERBIL BANK FOR INVESTMENT AND FINANCE ARBIL EBIFIQBA32 FRANSABANK SAL, IRAQ BRANCH BAGHDAD FSABIQBA33 GULF COMMERCIAL BANK BAGHDAD GUCEIQBA34 IBL BANK, SAL BAGHDAD INLEIQBAMillionday: SO THESE ARE THE BANKS THAT HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM MINUS THE EXCHANGE FOR MONEY COMPANIES THAT HAVE SWIFT CODES AS WELLEdoman: What happen to Warka Bank ?Millionday: I THINK THAT THEY HAD SOME ISSUES AND HAD FROZEN ASSETS AND I HAVE NOT HEARD ANYTHING ELSE FOR IT BUT VERY GOOD QUESTION AND I WILL DO SOME RESEARCH FOR US ON IT HUNfaith1: wow .. pretty official when we have list of banks that can / will transactions international !Millionday: YES IT IS VERY GOOD AND THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEMMGM: Guess im the only one that doesnt know what an electronic clearing house is. Could you explain?Millionday: SURE HERE WE GOMillionday: I DONT NORMALLY PULL FROM THIS SOURCE BUT IT WILL TELL YOU WHAT IT MEANSMillionday: A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions.These transactions may be executed on a futures exchange or securities exchange, as well as off-exchange in the over-the-counter (OTC) market. A clearing house stands between two clearing firms (also known as member firms or clearing participants) and its purpose is to reduce the risk of one (or more) clearing firm failing to honor its trade settlement obligations.Millionday: A clearing house reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (also called "margin deposits"), by providing independent valuation of trades and collateral, by monitoring the credit worthiness of the clearing firms,and in many cases, by providing a guarantee fund that can be used to cover losses that exceed a defaulting clearing firm's collateral on deposit. Also, it acts as a clearing firm. Millionday: THIS EXPLAINS THE INTERNATIONAL CONCEPT -- LETS LOOK AT IT TOOMillionday: THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCEMillionday: Every country has some form of unique payment system based on its own financial practices, preferences and legislative requirements. As these countries modernise their banking systems to improve or reinforce their overall financial status globally, there is an increasing need for payment services that not only conform to international standards and infrastructures but also provide faster clearing cycles, all while balancing efficiency, cost and risk.Millionday: NOTE -- THIS IS A RECORDED SYSTEM THROUGH THE ELECTRONIC DATA BANKING ENTRYMillionday: A modern, efficient payment system is critical to the overall performance of a country’s economy and its ability to compete in global markets.Such a payment system can provide governments and Central Banks with the data they need to guide monetary and fiscal policy, allow for equitable sharing of risk between parties, and promote stability in the financial system. It can also promote efficient use of the available money supply and create confidence in the economy abroad, providing a more favourable climate for international trade and investment.Millionday: SO AS WE SEE -- THE WORLD BANK HOOKING IRAQ`S BANKING SYSTEM TO THIS IN ITS ENTIRETY IS A HUGE HUGE WHOOOPOW AND SHOWS THE GLOBAL PROGRESS WE ARE READING ABOUT -- SMILEMillionday: EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETIONMillionday: SO WHOOPOW DONT YOU THINK ROBIN? SMILEROBINREDHED: omg yesMillionday: Naturally Alhal.la Ahd.mazm peoples of the world to share their industries and for centuries and Karon.lkn with the expansion of trade between the countries, and increase production, and the diversity and abundance of goods, it was necessary to organize such trade Dolaa.oukd We found ways of organizing banking and utilitarian means of exchange between importers and exporters around the world and a way that guarantees the rights of the parties.Millionday: NOTE ---- THE WAY ESTABLISHED FOR THE WORLD TO SHARE THEIR INDUSTRY AND ALSO RECORD TRADE IS WHAT WE ARE READING ABOUT HERE FOR IRAQ – LETTERS OF CREDIT ARE PART OF THE BANKING REFORM AND SHOULD BE THE LAST GLOBAL STEP WE SEE IF THAT IS WHAT THIS IS GOING TO TELL USMillionday: was the documentary credit process. Any reliance which is based on some documents and accreditation is the (confidence) and that's where the banks in various countries around the world to adopt the principle of trust in their dealings with each other, so the documentary credit process became the basis for import operations and Altsidir.la I want to disconnect the process of opening the letter of credit because the article is not this But the goal, however, want to point out some important points in reliance:Millionday: NOTE -- IRAQ`S CREDIT RATING AND CBI AND BANKING SEEMS TO BE BEING REVEALED HEREMillionday: NOTE -- ACTUALLY THIS SHOULD BE THE BANKS OF IRAQ RECEIVING THEIR LETTER OF CREDIT FROM CBI -- WHOOPOWMillionday: based on the letter of credit by the bank, which is trading on a commercial contract in general without a male and a breakdown of all the paragraphs of the contract between the parties. Are paying $ credentials to process the source by the bank correspondent in his country (or accept the documentary clouds in the case of postpaid) to meet specific documents, namely, (arrived receipt if payment in cash and / or clouds, existing business and waybill and the insurance policy and the certificate of origin), There may be additional documents required by the importing such as veterinary, chemical and health certificate ... etc. 7 Link to comment Share on other sites More sharing options...
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