The central bank structured all banking offices in Baghdad and the provinces and puts new controls

[yota691]

The central bank structured all banking offices in Baghdad and the provinces and puts controls "strict"  12/20/2016 11:19  BAGHDAD / tomorrow Press: Parliamentary Finance Committee revealed on Tuesday, on the restructuring of all banking offices and cash in the provinces, and in agreement with the Central Bank of Iraq, stressing that the controls will be "tough." Said committee member Ahmed flesh, for "tomorrow's Press," that "all specialized office official transfer of financial and banking were working easy and smooth controls set by the central bank." He added that "the central bank will change all of those controls and procedures Ahddha more," adding that "the Central will overhaul all banking offices and cash." And between, that "the restructuring of offices will be exclusively for official offices, not phantom or unlicensed." He explained, "The Central Bank does not deal with unlicensed banking offices in the purchase of foreign currency in the financial auction by the government banks," pointing out that "the Finance Committee monitors the work of the central bank's role in dealing with banking offices."

[yota691]

Structuring all banking offices and cash by the Central Bank

 of December 20, 2016 0  41 visit

 

BAGHDAD / SNG

The parliamentary finance committee, said that the Committee agreed with the Central Bank of Iraq, the structuring of all offices of banking and financial transfer to the provinces, saying that the controls will be strict and not smooth.

 

He said committee member Ahmed meat in a press statement that "all official offices specialized financial and banking transfer was working easy and smooth controls set by the central bank."

He added that "the central bank will change all of those controls and procedures Ahddha more, pointing out that" the Central will overhaul all banking offices and financial conversion, pointing out that the restructuring of offices will be exclusively for official offices, not phantom or unlicensed. "

And that "the Central Bank does not deal with unlicensed banking offices in the purchase of foreign currency in the financial auction by the government banks, pointing out that" the Finance Committee monitors the work of the central bank's role in dealing with banking offices. "

[jeepguy]

No shadey operations. On cash in operations...  Start the revalue, and cash in operations...

[chinadawg]

WESTERN UNION...GLOBAL..........MONEY TRANSFER.............SHOW ME THE RATE !!!!

[jg1]

Bump

[yota691]

The central bank structured all banking offices in Baghdad and the provinces and puts new controls

economy

 Since 12/20/2016 14:58 pm (Baghdad time)

BAGHDAD - balances News

The Central Bank, on Tuesday, ordered the restructuring of all banking offices in Baghdad and other provinces, while stressing put new controls.

A source at the bank, L / balance News /, that "the central ordered restructuring of all banking offices in Baghdad and other provinces."

The source, who preferred anonymity, that "the restructuring will be governed by the new controls." It ended 29/34 R. 

[Wiljor]

Awesome Yota ..........It's cooking DV, onward and upward 

[Synopsis]

This appears to be a crash program that has been in the works for some time.  But why at the end of 2016?  Are they getting ready for something in 2017?  How could they even implement something like this on a moment's notice if Iraq did not have the ultra modern banking hardware, software, and protocols in place along with the ultra modern communication systems and linking to many and significant international banking systems?

What is going on?  What is going to happen?

Well one thing for sure, it appears.  "The Central Bank does not deal with unlicensed banking offices in the purchase of foreign currency in the financial auction by the government banks."

Looks like Iraq is at the point where the banking system is being purged of the diseased parts lending to the corruption and illegal banking activities.  This could be a precursor to mopping up all the corrupt individuals exposing them and cutting off their finances.  The prosecution could then be quicker and more straight forward.

With the corruption removed from the banking system, Iraq's support for improvement of a credit rating by the major indices (Moody's, Fitch, Standard and Poors) should improve significantly.  International investors aught to like that!

With potentially substantial International Investment looming, I am thinking support for Iraq's reforms will gain momentum and Iraq will potentially ascend to a full trade member of the WTO soon and have an internationally traded currency.

Just my opinion and 

 

[SgtFuryUSCZ]

***///

pretty sound opinion there, SYN....

Remember when banking regulation here shut down scores of small banks....

Similar implementation there will leave only the big boys to play the game... absolute control.

In Iraq - right now - it's a good thing.  They need that because of the nature of the beast

they have to deal with there...

Here...? Well, that's another story !

Janet Yellin and her little monetary cabal shouldn't be playing games with US.

Sigh... if only Fort Knox really did have real Gold in it....  

[Synopsis]

23 minutes ago, SgtFuryUSCZ said:

***///

pretty sound opinion there, SYN....

Remember when banking regulation here shut down scores of small banks....

Similar implementation there will leave only the big boys to play the game... absolute control.

In Iraq - right now - it's a good thing.  They need that because of the nature of the beast

they have to deal with there...

Here...? Well, that's another story !

Janet Yellin and her little monetary cabal shouldn't be playing games with US.

Sigh... if only Fort Knox really did have real Gold in it....  

Good Morning, You Two!  Hope the coffee is hot, fresh, and just like you like it!

[SgtFuryUSCZ]

***///

... and with a shot of Panamanian Rum in it.... Arrgghhhh! Pirate coffee ! 

[army03]

Again moving in the right direction 

[fnbplanet]

Sounds like some fallout from the "less than perfect" IMF report.

[Big_J]

[Laid Back]

CBI is getting the banking system ready for the BIG BANG.!!!

Go CBI

Go New monetary policy

Go RV

Go 2017

[skeetdog]

Thanks Yota...Iraq gets accepted as a full member into the IFSB last week...and first thing this week the rats are being exposed...When the Big-Cats gather the rats run-n-hide....

[skeetdog]

.........even ya out ''fnbplanet''....don't see why anyone would neg ya on your comment....

[yota691]

Parliamentary Integrity confirms that small banks and banking offices victim of the corruption of civil backed banks

By sd sd -

December 20, 2016
 

 

 

Treasures Media / Baghdad

 

He Integrity Committee member of the parliamentary Taha defense, on Tuesday, the occurrence of many small banks and bureaux de change "prey and victim" to cover up the corruption of another civil significant and sustained by banks, at a time between the bank aims to set up cameras to monitor the sale of the currency operation, pointed to the judiciary to acquit many private banks relating to corruption.

Slack said, "Some of the banks that cause the loss sustained by the political parties and blocks the currency," stressing "the need to find new mechanisms of action to curb the smuggling of currency operations and increasing bills and bonds to import counterfeit goods by limiting the auction currency Bmassarv credible and subsidiary bodies unreliable in support of the country economically and financially. "

 

He added that "Many of the issues around those banks open to the Integrity Commission and the Committee of the Parliamentary Integrity some of which arrived in the judiciary, but the judiciary acquitted a lot of them," adding that "some banks and banking and small size of its handling simple to exceed the $ 5 million has been punished, There were a victim and prey to cover up the corruption of the largest banks evade currency and dealing daily with hundreds of millions of dollars and has a lid and backed but can not be held accountable or stand her face. "

While noting "the central bank promised to put new controls on currency auction, which up until the customers of those banks by installing cameras to monitor the sales process," pointing out that "the primary problem we have today regarding the need to restrict the sale currency specific Bmassarv private bank Rafidain and Rasheed and not launched so unchecked. " 

Defensive and "we as a committee representative competent and we put the recommendations of the Central Bank, and we referred several files related to cases of corruption for many Bmassarv to the Integrity Commission and reached some of those issues to the courts," explaining that "we can not impose a specific mechanism of action Auctions sell the currency they are imposed from the executive branch ".

The Commission considered the economy and investment representative, at (November 23, 2016), that "spoilers" control over the work of most of the private banks is one of the reasons for "foot-dragging" of those banks and their reliance on auction sell the currency to obtain imports and profits and its inability to support investment.

[Gypsygirl11]

A whole lot of CBI stuff going on = Something has got to give.

[Wiljor]

54 minutes ago, Gypsygirl11 said:

A whole lot of CBI stuff going on = Something has got to give.