Source at the Central Bank: banks will begin the implementation of remittances to their customers starting next Sunday

[yota691]

Source at the Central Bank: banks will begin the implementation of remittances to their customers starting next Sunday

 

Editor Alaa Hassan - Thursday 5 March 2015 15:41

 

 

 

 

Alsumaria News / Baghdad 
A source in the Iraqi Central Bank, on Thursday, the banks will begin the implementation of remittances to their customers starting next Sunday, noting that it came after the completion of all the procedures and mechanisms by banks. The source said in an interview with Alsumaria News , "The banks will begin implementing remittances to their customers starting on Sunday 03/08/2015. " The source, who asked not to be named, said: "This came after it was complete all the procedures and mechanisms by banks."

 

 

 

The source of early detection, in the (February 25, 2015), the Central Bank of Iraq began to apply the new system of remittances and sell the currency, as he pointed out that the bank denied stopped selling the dollar.

 

[jeepguy]

morning  yota  every one !   the remittances ,   { thinking  that  is  start  the  trading  of the  50`s  note?   or  getting  the  credits  for  the notes  with the new  value , }    say  someone brought in a 50  last week  they   will get the credit  this  next week ,  with the new  value applied !   --------->  come on  bigger   number  { 50  exchange  too 25.oo   dollars    value  !   }    it  could  happen   {  even  50  too  5.oo  value  }  just  not  a toaster  please    

[Big_J]

[Jetman]

Happy days are on the way

[Boozer]

Can I get Remittance This Monday, say 1 to 1   

[blueskyline]

Could this also mean sending money to the retirees and or customers abroad ? Also I like this quote " noting that it came after the completion of all the procedures and mechanisms by banks"

Edited March 5, 2015 by blueskyline

[King Bean]

Jeep guy....bring in a 50 and get the AAA travel bag. Jumper cables for the camel, pooh pooh bag, rubber gloves, scooper, orange emergency triangle, cardboard sign reading "Slow, Camel Tow Ahead".

[Ohio chic]

This is VERY VERY good news. For remittances to work, there has to be a convertible currency. This program will link IRAQI bank to international banks. Yipppeeeee

[Jaxinjersey]

Jeep guy....bring in a 50 and get the AAA travel bag. Jumper cables for the camel, pooh pooh bag, rubber gloves, scooper, orange emergency triangle, cardboard sign reading "Slow, Camel Tow Ahead".

Haha... awesome!  Best post of the day!  Good thing there's not an icon for Camel (ahem) "Tow" 

[keylime]

Can I get a "Remittance?"  

 

Halleluia!

[climber7]

This is VERY VERY good news. For remittances to work, there has to be a convertible currency. This program will link IRAQI bank to international banks. Yipppeeeee

 

 

If Iraq's banks are linked to international banks--does that mean their currency is now rv'd? Is an rv mandatory to be linked to international banks?

 

Also,I was wondering.....when other countries rv'd their currency--does anyone know if there were so much article in their news preceding their rv as we are seeing here? Just wondering because them 'advertising' the imminent rv makes me a little nervous. 

[boosterbglee]

Things that make you go....hmmmmmm! 

[vette5467]

Haha... awesome!  Best post of the day!  Good thing there's not an icon for Camel (ahem) "Tow" 

Well,This is me doing the happy dance 

[deniscanada]

DEFINITION OF 'REMITTANCE'
The process of sending money to remove an obligation. This is most often done through an electronic network, wire transfer or mail. The term also refers to the amount of money being sent to remove the obligation.

INVESTOPEDIA EXPLAINS 'REMITTANCE'
When a person sends a check to the government to pay for a tax bill, the check is remittance to remove the tax obligation. If you were to send money to a friend in Europe through a wire-transfer service, the sum of the payment is the remittance.

http://www.investopedia.com/terms/r/remittance.asp 

 

 

merriam-webster

Full Definition of REMITTANCE

1
a :  a sum of money remitted
b :  an instrument by which money is remitted
2
:  transmittal of money (as to a distant place)
See remittance defined for English-language learners
See remittance defined for kids
Examples of REMITTANCE

Remittance can be made by check or credit card.
<she always mails in her remittance on time so she won't ever be charged a late fee on her electric bill>

http://www.merriam-webster.com/dictionary/remittance 

 

Wikipedia

A remittance is a transfer of money by a foreign worker to an individual in his or her home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers’ remittances are a significant part of international capital flows especially in the case of labour-exporting countries.[1] In 2013, $404 billion went to developing countries (a new record) with overall global remittances totaling $542 billion.[2] Some countries, such as India and China, receive tens of billions of dollars in remittances each year. In 2013, India received an estimated $70 billion and China an estimated $60 billion.[3]

 

Global extent
Remittances are playing an increasingly large role in the economies of many countries, contributing to economic growth and to the livelihoods of less prosperous people (though generally not the poorest of the poor). According to World Bank estimates, remittances totalled US$414 billion in 2009, of which US$316 billion went to developing countries that involved 192 million migrant workers.[4] For some individual recipient countries, remittances can be as high as a third of their GDP.[4]

http://en.wikipedia.org/wiki/Remittance 

Edited March 5, 2015 by deniscanada

[MillieChatham]

Maybe Adam would like to comment???

[Freedomwish]

First big possible news that the HCL is now "law"....then this news of Banks implementing remittances to their customers....double whamo within the hour.

 

 

Yota, you're on a roll this morning!!!  Whew! 

[wealthhound]

Keep it coming Iraq...tick  tock tick tock...WH

Good morning DV.  WH

[Zebra0101]

Sooooooooooooooon....

[Laid Back]

Step by step CBI continue moving forward with the new monetary policy.!

Go CBI

Go Gold

Go Remittances

Go Economic growth

Go dinar

Go strong $1.13:1

ASAP

[BruceP]

Denniscanada has it exactly right. This is the beginning of our investment returning to us. This remittance also is foreign bank to foreign bank. AS IN EXCHANGE.

TA DA    I think we are there

[Ohio chic]

If Iraq's banks are linked to international banks--does that mean their currency is now rv'd? Is an rv mandatory to be linked to international banks?

 

Also,I was wondering.....when other countries rv'd their currency--does anyone know if there were so much article in their news preceding their rv as we are seeing here? Just wondering because them 'advertising' the imminent rv makes me a little nervous.

There will be no RV. There will be a float of their currency and they didn't announce anything with their currency they just announced the remittances, which you would have to do your homework to know that these remittances can only be done with a convertible currency. So hang on this thing is about to blow.

[SgtFuryUSCZ]

***///

 

...well, OHIOCHIC, we've waited this long.

 

 

...go to the WF with a note at a time and have it be like Christmas each time we do,

 

as the exchange will bear more and more fruit each time.

 

 

... up, up and away we go...! 

[yota691]

Conscious / banks proceed with implementation of remittances to their customers starting next Sunday

05/03/2015 06:36 | Number of Views: 40

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Conscious / Baghdad / FS

The Central Bank announced the implementation of direct banking transfers to its customers starting next Sunday.

A statement of the Central Bank received ( and the Iraqi News Agency Information / INA ) a copy of "The banks will begin to implement the orders to customers starting on Sunday, 08/03/2015, after the completion of all the procedures and mechanisms by these banks."

[yota691]

Central Bank announces the implementation of direct banking transfers to its customers starting next Sunday

 

History of edits:: 3.5.2015 5:08 p.m. • 139 visits readable


{Baghdad: Euphrates News} Central Bank announced the implementation of a direct bank transfers to its customers starting next Sunday.
A statement of the Central Bank and the Euphrates News Agency {} received a copy of "The banks will begin to implement the orders to customers starting on Sunday, 03/08/2015, after the completion of all the procedures and mechanisms by these banks." Ended k h 

[Deb45]

***///

 

...well, OHIOCHIC, we've waited this long.

 

 

...go to the WF with a note at a time and have it be like Christmas each time we do,

 

as the exchange will bear more and more fruit each time.

 

 

... up, up and away we go...! 

That's a good idea.. Sounds like fun!  I just might do that.  Go in with one and they think that's all I got.  Come in again, oops found another one.  and again, and again......