haymon Posted February 2, 2016 Report Share Posted February 2, 2016 Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.” 1 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted February 2, 2016 Report Share Posted February 2, 2016 Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.” Ummmm.....did I just understood what I've just read here?!! Wow! Quote Link to comment Share on other sites More sharing options...
haymon Posted February 2, 2016 Author Report Share Posted February 2, 2016 Looks like they want to get the people to put there paper into the bank. Would help us that have accounts Quote Link to comment Share on other sites More sharing options...
ComPLX Posted February 2, 2016 Report Share Posted February 2, 2016 This is a story of a lifetime for all invested, but even more for those in Warka and ISX 1 Quote Link to comment Share on other sites More sharing options...
DoD Posted February 3, 2016 Report Share Posted February 3, 2016 I've often wondered if the decision I made in 2007 to open a Warka account an get into the ISX would ever pay off...maybe I guessed right on this gamble. 1 Quote Link to comment Share on other sites More sharing options...
haymon Posted February 3, 2016 Author Report Share Posted February 3, 2016 Its 17% more interest than I have at BoA. Quote Link to comment Share on other sites More sharing options...
JoeB Posted February 3, 2016 Report Share Posted February 3, 2016 Where did you find this? Quote Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted February 3, 2016 Report Share Posted February 3, 2016 Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.” Ok this sounds amazing , but where's the link to the article quote your referring too???? Quote Link to comment Share on other sites More sharing options...
VIZIOIRAQI Posted February 3, 2016 Report Share Posted February 3, 2016 To encourage citizens to deposit their money in banks .. the government raises interest rates to 18% BAGHDAD / Hassan Shammari: A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis. The source said in an interview with "Sky Press," that "the government has issued a number of proposals to address the financial crisis afflicting the country, and decided to raise the interest rate on deposit money in the bank to 18%." He added that "This move will encourage citizens to deposit their money in banks, which will make it easier to deal with the crisis that hit the country as a result of lower oil prices ". But in parallel with the detection of citizens and traders for "Sky Press," for "Dar Al Salam Bank Ahli" failure to extradite Mbalghm deposited with him under the pretext of state austerity faced by the country, as called upon the Ministry of Finance to intervene for their money Exchange, warned of the disruption of their businesses. The religious authority called on Friday, the Iraqi government to engage the assistance of local and international to develop a "contingency plan" in order to cope with the financial crisis, which amounted to "a dangerous level", as demanded by taking austerity measures against "unnecessary expenses" for the ministries and not the general public right. It is noteworthy that Iraq is going through an economic crisis because of lower oil prices, and Anfaqath in the war against al "Daash", as he emphasized Prime Minister Haider al-Abadi, in the November 18, 2015, that Iraq will emerge from the financial crisis in stronger, adding that he found offline to strengthen the economy and lack of total dependence on oil. http://skypressiq.net/12162-%D9%84%D...9%89%2018.html 1 Quote Link to comment Share on other sites More sharing options...
rambo12354 Posted February 5, 2016 Report Share Posted February 5, 2016 Can the government do this? Is this the job of the Central bank of Iraq? What ever the case fingers are cross........just saying! Quote Link to comment Share on other sites More sharing options...
haymon Posted February 5, 2016 Author Report Share Posted February 5, 2016 Ha, two days ago, Warka website said 6% interest being paid on IQD savings. Now it says 5%. Whata crock. Quote Link to comment Share on other sites More sharing options...
unirod Posted February 6, 2016 Report Share Posted February 6, 2016 Ha, two days ago, Warka website said 6% interest being paid on IQD savings. Now it says 5%. Whata crock. We have not received 6% in over a year on savings accounts. The last fiscal year was at 5.5%. So they at least are updating their web page! I'm anxious for confirmation on the issuance of CD's once again. The published rates are pretty good. But I'm looking for double digits! 1 Quote Link to comment Share on other sites More sharing options...
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