yota691 Posted March 5, 2015 Report Share Posted March 5, 2015 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. 4 1 Link to comment Share on other sites More sharing options...
jeepguy Posted March 5, 2015 Report Share Posted March 5, 2015 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 5 Link to comment Share on other sites More sharing options...
Big_J Posted March 5, 2015 Report Share Posted March 5, 2015 2 Link to comment Share on other sites More sharing options...
Jetman Posted March 5, 2015 Report Share Posted March 5, 2015 Happy days are on the way 1 Link to comment Share on other sites More sharing options...
Boozer Posted March 5, 2015 Report Share Posted March 5, 2015 Can I get Remittance This Monday, say 1 to 1 1 Link to comment Share on other sites More sharing options...
blueskyline Posted March 5, 2015 Report Share Posted March 5, 2015 (edited) 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 1 Link to comment Share on other sites More sharing options...
King Bean Posted March 5, 2015 Report Share Posted March 5, 2015 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". 3 Link to comment Share on other sites More sharing options...
Ohio chic Posted March 5, 2015 Report Share Posted March 5, 2015 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 6 1 Link to comment Share on other sites More sharing options...
Jaxinjersey Posted March 5, 2015 Report Share Posted March 5, 2015 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" 2 Link to comment Share on other sites More sharing options...
keylime Posted March 5, 2015 Report Share Posted March 5, 2015 Can I get a "Remittance?" Halleluia! 2 Link to comment Share on other sites More sharing options...
climber7 Posted March 5, 2015 Report Share Posted March 5, 2015 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. 1 Link to comment Share on other sites More sharing options...
boosterbglee Posted March 5, 2015 Report Share Posted March 5, 2015 Things that make you go....hmmmmmm! Link to comment Share on other sites More sharing options...
vette5467 Posted March 5, 2015 Report Share Posted March 5, 2015 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 1 Link to comment Share on other sites More sharing options...
deniscanada Posted March 5, 2015 Report Share Posted March 5, 2015 (edited) 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 1a : a sum of money remittedb : an instrument by which money is remitted2: transmittal of money (as to a distant place)See remittance defined for English-language learnersSee remittance defined for kidsExamples 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 extentRemittances 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 5 Link to comment Share on other sites More sharing options...
MillieChatham Posted March 5, 2015 Report Share Posted March 5, 2015 Maybe Adam would like to comment??? 1 Link to comment Share on other sites More sharing options...
Freedomwish Posted March 5, 2015 Report Share Posted March 5, 2015 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! 4 Link to comment Share on other sites More sharing options...
wealthhound Posted March 5, 2015 Report Share Posted March 5, 2015 Keep it coming Iraq...tick tock tick tock...WH Good morning DV. WH Link to comment Share on other sites More sharing options...
Zebra0101 Posted March 5, 2015 Report Share Posted March 5, 2015 Sooooooooooooooon.... Link to comment Share on other sites More sharing options...
Laid Back Posted March 5, 2015 Report Share Posted March 5, 2015 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 5 Link to comment Share on other sites More sharing options...
BruceP Posted March 5, 2015 Report Share Posted March 5, 2015 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 3 Link to comment Share on other sites More sharing options...
Ohio chic Posted March 5, 2015 Report Share Posted March 5, 2015 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. 10 1 Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted March 5, 2015 Report Share Posted March 5, 2015 ***/// ...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...! Link to comment Share on other sites More sharing options...
yota691 Posted March 5, 2015 Author Report Share Posted March 5, 2015 Conscious / banks proceed with implementation of remittances to their customers starting next Sunday 05/03/2015 06:36 | Number of Views: 40 Font Size: 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." 1 Link to comment Share on other sites More sharing options...
yota691 Posted March 5, 2015 Author Report Share Posted March 5, 2015 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 2 Link to comment Share on other sites More sharing options...
Deb45 Posted March 5, 2015 Report Share Posted March 5, 2015 ***/// ...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...... 1 Link to comment Share on other sites More sharing options...
Recommended Posts