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Rafidain Bank intends to sell the dollar to direct citizens


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Rafidain Bank intends to sell the dollar to direct citizens

economy

 Since 04.05.2016 at 08:42 (Baghdad time)

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Follow-up - the balance of News

He Rafidain Bank, the direct intention to sell the dollar coin to citizens through its branches in Baghdad and the provinces.

The general director of the bank on behalf Kamal al - Hassani said in a statement, received / balances News / copy of it, that "after obtaining the approval of the Ministry of Finance and the Central Bank of Iraq to proceed with the bank to sell the dollar for the citizens and resources of self." 
He said, " The price set for the project selling the dollar has been determined in accordance with the the price fixed by the Central Bank of Iraq. " It ended 29/38

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History of edits:: 04/05/2016 8:45 • 200 visits readable
Rafidain Bank proceed to sell the dollar
[Where - Baghdad] 
Rafidain Bank announced Mbacherth sell the dollar coin to citizens through its branches in Baghdad and the provinces.
The general director of the bank on behalf Kamal al-Hassani said in a statement received by all of Iraq [where] a copy of it, "and after obtaining the approval of the Ministry of Finance and the Central Bank of Iraq to proceed with the bank to sell the dollar for the citizens and its own resources, adding that" the price set for the project selling the dollar has been determined in accordance with the the price fixed by the Central Bank of Iraq.
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Rivers proceed to sell the dollar for citizens


05/04/2016

Rivers proceed to sell the dollar for citizens

 

 

BAGHDAD / JD / .. Rafidain Bank announced that it will begin selling a dollar coin to citizens through its branches in Baghdad and the provinces 
The general director of the bank on behalf Kamal al-Hassani said in a statement / KD / received a copy of it: after obtaining the approval of the Ministry of Finance and the Central Bank of Iraq to proceed with the bank to sell the dollar for the citizens and its own resources. He pointed out that the price set for the sale of dollar project was determined according to the price set by the Central Bank of Iraq. / End / 22 / 

 

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Conscious / Rafidain Bank intends to sell the dollar to direct citizens

05/04/2016 09:35 | Number of Views: 337

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Conscious / Rafidain Bank intends to sell the dollar to direct citizens

Conscious / Baghdad / MA

 He Rafidain Bank, the direct intention to sell the dollar coin to citizens through its branches in Baghdad and the provinces.

The general director of the bank on behalf Kamal al-Hassani said in a statement, received (The Iraqi News Agency Information / INA) A copy of it, "after obtaining the approval of the Ministry of Finance and the Central Bank of Iraq to proceed with the bank to sell the dollar for the citizens and own resources."

"The price set for the sale of dollar project was determined according to the price set by the Central Bank of Iraq."

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  • Rafidain Bank proceed to sell the dollar in Baghdad and all the provinces

Publishing Date: Tue, 05 Apr 2016 10:54:23 a.m. | Views: 92

Bgdad_abar today

 

Rafidain Bank announced on Tuesday for the bank to sell the dollar directly through its branches in Baghdad and the provinces, while confirming that the selling price will be as specified by the Central Bank of Iraq.

 

The general director of the bank on behalf Kamal al-Hassani in a press statement received by the agency news today, said that "the bank and after receiving the approval of the Ministry of Finance and the Central Bank of Iraq will begin to sell the dollar to citizens through its branches in Baghdad and the provinces and resources of self."

 

He said al-Hassani said "The price set for the sale of dollar project was determined according to the price set by the Central Bank of Iraq."

 

The Union of Arab Banks revealed on Sunday (January 24, 2016), the possession of Rafidain Bank "largest" financial stocks in the region and the Arab world with total assets of $ 210 billion, and stressed that Iraq does not need the money in order to stimulate economic and banking sector, while pointing out the need to develop human resources and banking work in Iraq.

 

The Rafidain Bank, a State-owned banks in Iraq, was founded in the forties of the century and has more than 146 branches in Iraq and more than eight branches in Arab countries.

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2 hours ago, Boozer said:

Dollar Coin ?

 

2 hours ago, Gypsygirl11 said:

I second that Boozer....what in the world is a  DOLLAR COIN?????

That's Just The Arabish Translation And Doesn't Mean A Literal 'Coin'! ;)

 

Try Reading It As A 'Dollar Note' Or 'Dollar Denomination' To Put In A Better Context !

B)   B)   B) 

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2 minutes ago, DinarThug said:

 

That's Just The Arabish Translation And Doesn't Mean A Literal 'Coin'! ;)

 

Try Reading It As A 'Dollar Note' Or 'Dollar Denomination' To Put In A Better Context !

B)   B)   B) 

Thanks thug....yea, I figured that was the issue (translation). Appreciate it.

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Was gonna say the same - A lot of articles talk about coins when referring to the Iraq notes.

As an aside, I carry around (and have since 1976) one of your coins as a good luck talisman.  NOT that it has helped in any way ... but one day maybe :P

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By selling dollars to the Iraqi public, which would be purchased with dinars, more of the dinar is removed from the street, which is an objective.  Revalue the dinar to more than a dollar, and the dollar is removed from the street economy and into reserves.

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11 minutes ago, Carrello said:

By selling dollars to the Iraqi public, which would be purchased with dinars, more of the dinar is removed from the street, which is an objective.  Revalue the dinar to more than a dollar, and the dollar is removed from the street economy and into reserves.

I agree with you and I really think this is what we are seeing happening now.

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34 minutes ago, Carrello said:

By selling dollars to the Iraqi public, which would be purchased with dinars, more of the dinar is removed from the street, which is an objective.  Revalue the dinar to more than a dollar, and the dollar is removed from the street economy and into reserves.

 

nice to see ya friend!!!

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Yota Thanks, Carrello Excellent point,  DV,  I do believe IMHO we are about to witness the CBI daily auctions come to a complete  stop!!!!!!  New Ministers / Reforms voted & approved in the coming days and yes important laws being passed by Parliament in the near term.   The stars are lining up for the "BIG" RV / RI IMHO.

 

Keeping the faith!!

GO RV!!

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BTW guys there are many "Dollar coins" still in circulation...Sacagewea, and Multiple Presidents...plus they all "look" like tarnished gold....Metro North (NY Trains) dispenses them all the time as change...some from Car washes also

 

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Carrello nice to see you as well,  and I tend to agree with your analogy. I guess the question is, how much more notes do they have to get rid of? And does anyone have any sort of time frame on how long this process may take? Now that the currency auctions seem to be disappearing and Abadi once again cleaning house at least we are moving forward. 

 

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1 hour ago, Carrello said:

By selling dollars to the Iraqi public, which would be purchased with dinars, more of the dinar is removed from the street, which is an objective.  Revalue the dinar to more than a dollar, and the dollar is removed from the street economy and into reserves.

Thanks for the response!  Does this also try and do away with the street dealers/black market stuff?  Really appreciate your input

 

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18 minutes ago, Wiljor said:

Carrello nice to see you as well,  and I tend to agree with your analogy. I guess the question is, how much more notes do they have to get rid of? And does anyone have any sort of time frame on how long this process may take? Now that the currency auctions seem to be disappearing and Abadi once again cleaning house at least we are moving forward. 

 

Time frame on how long this will take....That is the million dollar question! Hopefully less then a month lol

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