New CBI Announcement 11/17/2016

[yota691]

News and announcements

•  

  To / brokering the sale and purchase of foreign currencies all companies ( Letters of Guarantee)

  17/11/2016

 

[yota691]

The central bank is required to mediate full their capital to ensure the companies within four years

 

 

Thursday 17-11-2016 | 1:35:39

 

 

 

 

Iraqi dinar - d n / p p

Twilight News / Central Bank decided on Thursday, requiring broker for buying and selling currencies letter of guarantee 100 percent of their capital over the next four years from 25 percent currently companies.

The bank said in a statement Alsumaria News received a copy of it "decides to be a letter of guarantee for companies to broker the sale and purchase of foreign currencies 100% of their capital over the next four years."

The bank said "the Board of the Central Bank studied this decision in the light of the applications received and decided to be letters of guarantee of 25% of the company's' capital that the increase is completed before the first of January 2017 and increased annually by 25%, ie, to be 100% during the four years. "

The bank pointed out that "the decision will be motivated to work for these companies in accordance with the bank's requirements and comply with the decision in the area of sales of foreign currency."

 

[ChuckFinley]

Thanks Yota. Situation is getting interesting.  

[yota691]

Central necessary to mediate letter of guarantee 100% over the next four years companies

 

Thursday November 17 2016 12:44

 

 

 

 

 

 

Alsumaria News / Baghdad  committed the central bank, on Thursday, broker for buying and selling currencies letter of guarantee 100% of their capital during the four - year companies, noting that the decision would be motivated to work for these companies inaccordance with the bank 's requirements.  The bank said in a statement Alsumaria News received a copy of it "decides to be a letter of guarantee for companies to broker the sale and purchase of foreign currencies 100% of their capital over the next four years."         The bank said " the Board of the Central Bank studied this decision in the light of the applications received and decided to be letters of guarantee of 25% of the company 's' capital that the increase is completed before the first of January 2017 and increased annually by 25%, ie , to be 100% during the four years. "  The bank pointed out that " the decision will be motivated to work for these companies in accordance with the bank 'srequirements and comply with the decision in the area of sales of foreign currency."  Letters of Guarantee and know that it is a written pledge, under which the bank undertakes to ensure a customer (applicant) within a certain amount towards a third party, in order to ensure the fulfillment of the guaranteed customer commitment towards a third party during a certain period of time.

[yota691]

Central Balutiqh..alpennek needed to mediate letter of guarantee 100% companies

economy

 Since 11/17/2016 14:04 pm (Baghdad time)

Baghdad balances News

The central bank decided to bank, forcing broker for buying and selling currencies letter of guarantee 100% of their capital during the four-year companies.

The bank said in a statement received / balances News /, he "decided to be a letter of guarantee for companies to broker the sale and purchase of foreign currencies 100% of their capital over the next four years."

The bank said "the Board of the Central Bank studied this decision in the light of the applications received and decided to be letters of guarantee of 25% of the company's' capital that the increase is completed before the first of January 2017 and increased annually by 25%, ie, to be 100% during the four years. "

He said, "The decision will be motivated to work for these companies in accordance with the bank's requirements and comply with the decision in the area of sales of foreign currency," .anthy 29 / D 24

[Big_J]

GM YOTA AND DV. 

[Synopsis]

Now this is a huge step from the article above, "The bank said "the Board of the Central Bank studied this decision in the light of the applications received and decided to be letters of guarantee of 25% of the company's' capital that the increase is completed before the first of January 2017 and increased annually by 25%, ie, to be 100% during the four years. ""

Looks like the "Letters Of Guarantee" is quite possibly another term for "Letters Of Credit".  Looks like the "25% of the company's capital" means that the company has to have four times the amount of the "Letter of Guarantee".  The article also indicates there have been applications received which means the process is well under way.  By announcing the "first of January 2017" may mean the currency auctions will stop by the end of or before the end of this year.

Lookin' Good!!!

                              

[EagleEye]

PLEASE somebody ....ANYBODY tell me that completed before the first of January 2017....means what I think it does...that this ride could be over soon !!

 

I DO BELIEVE IN RV...I DO>>I DO >> I DO !!! 

 

 

 

 

 

[calkid11]

Thank you Yota 

[blueskyline]

Thank You and Goood Morning Yota , DV's

[10 YEARS LATER]

1 hour ago, EagleEye said:

PLEASE somebody ....ANYBODY tell me that completed before the first of January 2017....means what I think it does...that this ride could be over soon !!

 

I DO BELIEVE IN RV...I DO>>I DO >> I DO !!! 

 

 

 

 

 

Morning EE - - If they stick to their word on this and don't back peddle or " delay/postpone " or call a " Mulligan ", deciding they need review the process; YEP, this roller coaster should be pulling in to the station pretty darn soon . . . IMHO

Fingers crossed and Pray like we have never prayed before that this time is the REAL DEAL  GO RV 2016 . . . very little time to go.

[easterlily]

I think they can, I think they can, I think they can RV. 🚂

[tigergorzow]

Yota Thanks,  DV......We are ready indeed for this to happen in the near term so let the party begin in Iraq & spread throughout the entire World.  The CBI holds the key to unlock the true rate and release date / time so git r done... 

 

Keeping the faith!!

GO RV!!

[Laid Back]

3 hours ago, Synopsis said:

Now this is a huge step from the article above, "The bank said "the Board of the Central Bank studied this decision in the light of the applications received and decided to be letters of guarantee of 25% of the company's' capital that the increase is completed before the first of January 2017 and increased annually by 25%, ie, to be 100% during the four years. ""

Looks like the "Letters Of Guarantee" is quite possibly another term for "Letters Of Credit".  Looks like the "25% of the company's capital" means that the company has to have four times the amount of the "Letter of Guarantee".  The article also indicates there have been applications received which means the process is well under way.  By announcing the "first of January 2017" may mean the currency auctions will stop by the end of or before the end of this year.

Lookin' Good!!!

                              

Agree with my friend,

A letter of guarantee is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier and promises to meet any financial obligations to the supplier in the event of default.

NEW MONETARY POLICY IN 2017

Go RV

 

 

[6ly410]

[Sage449]

Agree Laidback. Here in the states we use letters of credit or bonds. Internationally those bank guarantee letters have different terms & conditions than LOCs, i.e. different call or draw downs etc. Plus they are irrevocable and act just like cash. We operated in foreign countries for business and seldom would accept U.S. LOCs or bonds.

Edited November 17, 2016 by Sage449
Spelling

[Synopsis]

1 hour ago, Laid Back said:

Agree with my friend,

A letter of guarantee is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier and promises to meet any financial obligations to the supplier in the event of default.

NEW MONETARY POLICY IN 2017

Go RV

 

 

 

36 minutes ago, Sage449 said:

Agree Laidback. Here in the states we use letters of credit or bonds. Internationally those bank guarantee letters have different terms & conditions than LOCs, i.e. different call or draw downs etc. Plus they are irrevocable and act just like cash. We operated in foreign countries for business and seldom would accept U.S. LOCs or bonds.

Thank You, Laid Back and Sage449, for the clarification - that helps!

[NoviceInvestor]

3 hours ago, 10 YEARS LATER said:

Morning EE - - If they stick to their word on this and don't back peddle or " delay/postpone " or call a " Mulligan ", deciding they need review the process; YEP, this roller coaster should be pulling in to the station pretty darn soon . . . IMHO

Fingers crossed and Pray like we have never prayed before that this time is the REAL DEAL  GO RV 2016 . . . very little time to go.

Like when???

[Freedomwish]

Dear lord...I'm having a hard time catching my breath....I'm just seeing this thread now, I'm getting dizzy....somebody pass me another whiskey drink! PRONTO! 

Edited November 18, 2016 by Freedomwish

[sandfly]

Thanks 

[Officiallytook]

Bump

[skeetdog]

Thanks Yota...If your goin' to go international....You've got to divide the deck between ''Duces-n-Aces''...The Big-Boys want to know who the ''Bull of the Woods'' is and how to attract those investments...This's great for CYA....