New CBI Announcement 01/26/2017

[precious1]

I miss one little day and look what is happening!! Glad I popped my head in, great times ahead, "swiftly", I hope!!!

[army03]

Yes things are moving in the right direction for sure.

Thanks Yota

[gregp]

2 hours ago, Synopsis said:

From the google translation (Thank You, DenisCanada!), "To a licensed banks all good greeting N 0-for Alhod by work Aiqtaa banking and enhance Iih Ben banks and aa '\ central Ada there is no need to provide statements (Swift) when the purchase order and keeping it in the bank for scrutiny on the ground ... with respect..."

I could be way off here but this looks like when using SWIFT for money transfers, there is no need for record keeping. To me this means everything is already electronic and the SWIFT electronic registries will be kept without the need for keeping paper (hard copy) records.

I take this to be really, really good news!

Go Moola Nova!

I get it now! Great news! Thanks!

[ChuckFinley]

This is sounding real good.  

[Adam Montana]

4 hours ago, gregp said:

Adam, the translation put a small damper on the fire. Did your friend say they are connecting with SWIFT?

Thank You, Sir.

Thank You, my friend.

I must be getting sloppy, because this is the SECOND time I've tipped my hand this month!

After re-reading the posts here I realize that the articles here and the emails I received are very loosely translated perhaps only loosely related, but maybe not... I should have been more careful with my comments, but it's too late for that now.

I'm just going to share that what I was told this morning is that certain SWIFT codes are being... I hate to use the word activated, but that's how it was translated to me. This doesn't necessarily mean "RV TOMORROW!" - but this is a very special event!

The SWIFT codes in specific that were sent to me are CBIRIQBA (Central Bank of Iraq) and KIBIIQBABGH (Kurdistan International Bank).

A little more research and I found some more information on those specific SWIFT codes... I'll copy it here.

*** (I will note, before anyone asks me, that Warka was NOT mentioned to me through any of the channels that I've had discussions on these events, nor do I have any extra info as to why or why not.)

FOR YOUR INFORMATION:

Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them.

The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below;

AAAA BB CC DDD

§First 4 characters - bank code (only letters)

§Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)

§Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character)

§Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)

Currently, there are over 40,000 “live” Swift codes. The "live" codes are for the partners who are actively connected to the Swift network. On top of that, there are more than 50,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants.

The registrations of Swift Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademarks of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.

Below are the SWIFT codes for all banks in Iraq. These SWIFT codes are only the active participants who are connected to SWIFT network. The passive participant’s codes are excluded from the list.

 The list of Iraqi SWIFT codes:

ID	Bank or Institution	City	Branch	Swift Code
1	ABU DHABI ISLAMIC BANK	BAGHDAD		ABDIIQBA
2	AL BARAKA TURK KATILIM BANKASI A.S. ERBIL BRANCH	ARBIL		BTFHIQBA
3	AL NIBAL AL ARABYA FOR MONEY TRANSFER	BAGHDAD		ANATIQBA
4	AL RAFIDAIN BANK	BAGHDAD		RAFBIQBA
5	AL-BILAD ISLAMIC BANK FOR INVESTMENT AND FINANCE	BAGHDAD		AIIFIQBA
6	AL-HAREER COMPANY FOR MONEY TRANSFER	AL NAJAF		IJHAIQBA
7	AL-HUDA BANK	BAGHDAD		BHDAIQBA
8	AL-IRAQIA FOR MONEY TRANSFER CO.	BAGHDAD		IRAQIQBA
9	AL-MARAJ AL ALAMIYA COMPANY FOR MONEY TRANSFER	BAGHDAD		MCFTIQBA
10	AL-MUHEJ COMPANY FOR MONEY TRANSFER	BAGHDAD		BMMCIQBA
11	ALRAWAHEL ISLAMIC BANK FOR INVESTMENT AND FINANCE	BAGHDAD		IRMTIQBA
12	ASHUR INTERNATIONAL BANK FOR INVESTMENT	BAGHDAD		AIBIIQBA
13	ASYA KATILIM BANKASI A.S. ARBIL BRANCH	ARBIL		ASYAIQBA
14	BABYLON BANK	BAGHDAD		BABKIQBA
15	BANK AUDI S.A.L. (IRAQ BRANCHES)	BAGHDAD		AUDBIQBA
16	BANK MELLI IRAN-IRAQ BRANCH	BAGHDAD		MELIIQBA
17	BANK OF BAGHDAD	BAGHDAD		BABIIQBA
18	BANKMED SAL, IRAQ	ARBIL		MEDLIQBAARB
19	BANKMED SAL, IRAQ	BAGHDAD		MEDLIQBA
20	BANKMED SAL, IRAQ	BASRAH	(BASRAH BRANCH)	MEDLIQBABAS
21	BANQUE LIBANO-FRANAISE SAL - IRAQ	BAGHDAD		BLFSIQBA
22	BBAC SAL ERBIL BRANCH	ARBIL		BBACIQBA
23	BLOM BANK S.A.L.	BAGHDAD		BLOMIQBA
24	BYBLOS BANK SAL IRAQ	ARBIL		BYBAIQBA
25	BYBLOS BANK SAL IRAQ	BAGHDAD	(BYBLOS BANK SAL)	BYBAIQBABAG
26	BYBLOS BANK SAL IRAQ	BASRAH		BYBAIQBABAS
27	BYBLOS BANK SAL IRAQ	SULAYMINYA		BYBAIQBASUL
28	CENTRAL BANK OF IRAQ	BAGHDAD		CBIRIQBA
29	CIHAN BANK FOR ISLAMIC INVESTMENT AND FINANCE	ARBIL		CIHBIQBA
30	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(ADHAMYA BRANCH)	AUBBIQBA808
31	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(BASRA BRANCH)	AUBBIQBA809
32	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(KADHUMAIN BRANCH)	AUBBIQBA807
33	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(KHULANI BRANCH)	AUBBIQBA802
34	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(MAIN BRANCH)	AUBBIQBA810
35	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(MANSOUR BRANCH)	AUBBIQBA805
36	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(PALESTINE BRANCH)	AUBBIQBA804
37	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(RASHEED CAMP BRANCH)	AUBBIQBA806
38	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(SHORJA BRANCH)	AUBBIQBA803
39	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD	(WATHIQ BRANCH)	AUBBIQBA801
40	COMMERCIAL BANK OF IRAQ P.S.C.	BAGHDAD		AUBBIQBA
41	CREDIT BANK OF IRAQ	BAGHDAD		CBIQIQBA
42	CREDIT LIBANAIS SAL	BAGHDAD		CLIBIQBA
43	DAR ES SALAAM INVESTMENT BANK	BAGHDAD		DSIVIQBA
44	DIJLAH AND FURAT BANK	BAGHDAD		DFDIIQBA
45	ECONOMY BANK FOR INVESTMENT AND FINANCE	BAGHDAD	(ALSHORJAH)	ECOVIQBA616
46	ECONOMY BANK FOR INVESTMENT AND FINANCE	BAGHDAD		ECOVIQBA
47	ELAF ISLAMIC BANK	BAGHDAD		ELAFIQBA
48	ERBIL BANK FOR INVESTMENT AND FINANCE	ARBIL		EBIFIQBA
49	FRANSABANK SAL, IRAQ BRANCH	BAGHDAD		FSABIQBA
50	GULF COMMERCIAL BANK	BAGHDAD		GUCEIQBA

51	IBL BANK, SAL	BAGHDAD		INLEIQBA
52	INTERNATIONAL DEVELOPMENT BANK FOR INVESTMENT AND FINANCE	BAGHDAD		IDBQIQBA
53	INVESTMENT BANK OF IRAQ	BAGHDAD		IVBIIQBA
54	IRAQI ISLAMIC BANK FOR INVESTMENT AND DEVELOPMENT	BAGHDAD		IRIBIQBA
55	IRAQI MIDDLE EAST INVESTMENT BANK	BAGHDAD		IMEBIQBA
56	KURDISTAN INTERNATIONAL BANK	ARBIL	(PESHWA (ERBIL)BRANCH)	KIBIIQBAERB
57	KURDISTAN INTERNATIONAL BANK	ARBIL		KIBIIQBA
58	KURDISTAN INTERNATIONAL BANK	BAGHDAD	(BAGHDAD BRANCH)	KIBIIQBABGH
59	KURDISTAN INTERNATIONAL BANK	DUHOK	(DUHOK BRANCH)	KIBIIQBADHK
60	KURDISTAN INTERNATIONAL BANK	SULAYMINYA	(SULAYMINYA BRANCH)	KIBIIQBASUL
61	MANSOUR BANK FOR INVESTMENT	BAGHDAD		MBIVIQBA
62	MOSUL BANK	BAGHDAD		MOUUIQBA
63	NATIONAL BANK OF IRAQ	BAGHDAD		NBIQIQBA
64	NATIONAL ISLAMIC BANK	BAGHDAD		NISBIQBA
65	NORTH BANK	BAGHDAD		NRTTIQBA
66	PARSIAN BANK	BAGHDAD		BKPAIQBA
67	RASHEED BANK	BAGHDAD		RDBAIQBB
68	REGION TRADE BANK FOR INVESTMENT AND FINANCE (FORMERLY EMERALD BANK)	ARBIL		RTBAIQBA
69	STANDARD CHARTERED BANK IRAQ BRANCH	BAGHDAD		SCBLIQBD
70	SUMER COMMERCIAL BANK	BAGHDAD		SUCIIQBA
71	TRADE BANK OF IRAQ	BAGHDAD		TRIQIQBA
72	TRANS IRAQ BANK	BAGHDAD		TIRAIQBA
73	TURKIYE CUMHURIYETI ZIRAAT BANKASI A.S.	BAGHDAD		TCZBIQBA
74	TURKIYE IS BANKASI A.S. ALL IRAQ BRANCHES	ARBIL		ISBKIQBA
75	TURKIYE VAKIFLAR BANKASI ERBIL BRANCH	ARBIL		TVBAIQBR
76	UNION BANK OF IRAQ	BAGHDAD		UNRAIQBA
77	UNITED BANK FOR INVESTMENT	BAGHDAD		UNTVIQBA
78	WARKA BANK FOR INVESTMENT AND FINANCE	BAGHDAD		WAIVIQBA
79	WORLD ISLAMIC BANK	BAGHDAD		WDBKIQBA

[pokerplayer]

That was like an airplane Adam..... way over my head lol. I am going to say this is a positive thing ?

pp

[TexasMike1958]

13 minutes ago, Adam Montana said:

I must be getting sloppy, because this is the SECOND time I've tipped my hand this month!

After re-reading the posts here I realize that the articles here and the emails I received are very loosely translated perhaps only loosely related, but maybe not... I should have been more careful with my comments, but it's too late for that now.

I'm just going to share that what I was told this morning is that certain SWIFT codes are being... I hate to use the word activated, but that's how it was translated to me. This doesn't necessarily mean "RV TOMORROW!" - but this is a very special event!

The SWIFT codes in specific that were sent to me are CBIRIQBA (Central Bank of Iraq) and KIBIIQBABGH (Kurdistan International Bank).

A little more research and I found some more information on those specific SWIFT codes... I'll copy it here.

*** (I will note, before anyone asks me, that Warka was NOT mentioned to me through any of the channels that I've had discussions on these events, nor do I have any extra info as to why or why not.)

FOR YOUR INFORMATION:

Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them.... (*** admin edit: Clipped Quoted post)

would SWIFT codes being "assigned" be a better term???

[tigergorzow]

10 minutes ago, Adam Montana said:

I must be getting sloppy, because this is the SECOND time I've tipped my hand this month!

After re-reading the posts here I realize that the articles here and the emails I received are very loosely translated perhaps only loosely related, but maybe not... I should have been more careful with my comments, but it's too late for that now.

I'm just going to share that what I was told this morning is that certain SWIFT codes are being... I hate to use the word activated, but that's how it was translated to me. This doesn't necessarily mean "RV TOMORROW!" - but this is a very special event!

The SWIFT codes in specific that were sent to me are CBIRIQBA (Central Bank of Iraq) and KIBIIQBABGH (Kurdistan International Bank).

Adam, Truly appreciate you tipping your hand.......I must admit "Suddenly" sounds good to all of us and yes please remain seated we are about to "Take The Hell Off"

Always Keeping The Faith!!

GO RV!!

[Adam Montana]

2 minutes ago, TexasMike1958 said:

would SWIFT codes being "assigned" be a better term???

I wouldn't think so, because even inactive banks may have an "assigned" code... however, we do know that it's not an easy thing to do business with Iraqi banks, so maybe "authorized", "included", or "recognized" would be applicable?

My hands get tied here because I keep very strict non-compete and non-disclosure agreements with my contacts, attorneys, etc. Although my direct sources in Iraq and other places abroad generally speak very good english, some things get lost cross-language and I'm not at liberty to just share the exact wording from the sources without risking a few raised eyebrows, and it's just not worth it to me to risk alienating any of them.

 

[Adam Montana]

10 minutes ago, pokerplayer said:

That was like an airplane Adam..... way over my head lol. I am going to say this is a positive thing ?

pp

Yes sir  

[outlawclg]

Thanks so much....  just sitting at work with a big smile on my face

[Freedomwish]

4 hours ago, Synopsis said:

From the google translation (Thank You, DenisCanada!), "To a licensed banks all good greeting N 0-for Alhod by work Aiqtaa banking and enhance Iih Ben banks and aa '\ central Ada there is no need to provide statements (Swift) when the purchase order and keeping it in the bank for scrutiny on the ground ... with respect..."

I could be way off here but this looks like when using SWIFT for money transfers, there is no need for record keeping. To me this means everything is already electronic and the SWIFT electronic registries will be kept without the need for keeping paper (hard copy) records.

I take this to be really, really good news!

Go Moola Nova!

Hey there buddy Synopsis, thanks - I just wanna' throw it out there - trust me when I say there is and always will be a need for record keeping both electronic and hard copy format for funds transfer of any kind.  Given now we're more in the digital age, I can only speak again slightly and briefly from my experience when I worked in the back office operations years ago just before & after 9/11 - records are kept and tracked mostly due to compliance matters, wire investigations if there were suspicion of fraud activity of the like that might had occurred in the accounts and then, government investigations happens big time if clients were perhaps linked to any terrorist organization or crazy group of the like, etc, etc, etc..... Client and internal phone calls are always recorded, computer communications are highly monitored in-house and out, via highly secured servers, (IT Data communications and Network Security comes in here), there is always some sort of "paper trail". The private firm I use to work for, requires a MINIMUM at least of $5 million dollars to open an account with them, and I've seen and worked on some HUGE accounts from folks that you would imagine that I used just go home crying into my pillow at night wishing it was me lmao  Yup! 

I won't give much away but just wanted to further share some of my own insight but this is DEFINITELY and really, really GREAT NEWS!! - in your own words,

"GO MOOLA NOVA!!" 

Going back to my drink now, HANG IN THERE FOLKS!! CHEEEEEEERS!! 

 

[Freedomwish]

I just finished taking a few sips of my drink and refreshed the thread to see big bro Adam had chimed in further......

Folks, WE'RE GOOOOOOOOOOOD!!  

[TexasMike1958]

31 minutes ago, Adam Montana said:

I wouldn't think so, because even inactive banks may have an "assigned" code... however, we do know that it's not an easy thing to do business with Iraqi banks, so maybe "authorized", "included", or "recognized" would be applicable?

My hands get tied here because I keep very strict non-compete and non-disclosure agreements with my contacts, attorneys, etc. Although my direct sources in Iraq and other places abroad generally speak very good english, some things get lost cross-language and I'm not at liberty to just share the exact wording from the sources without risking a few raised eyebrows, and it's just not worth it to me to risk alienating any of them.

 

not a problem, O great Packer Fan.  This Lions fan was only trying to lend a hand

[Markinsa]

48 minutes ago, Adam Montana said:

FOR YOUR INFORMATION:

Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them.

The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below;

AAAA BB CC DDD

§First 4 characters - bank code (only letters)

§Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)

§Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character)

§Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)

Currently, there are over 40,000 “live” Swift codes. The "live" codes are for the partners who are actively connected to the Swift network. On top of that, there are more than 50,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants.

The registrations of Swift Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademarks of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.

Below are the SWIFT codes for all banks in Iraq. These SWIFT codes are only the active participants who are connected to SWIFT network. The passive participant’s codes are excluded from the list.

 The list of Iraqi SWIFT codes:

ID	Bank or Institution	City	Branch	Swift Code
1	ABU DHABI ISLAMIC BANK	BAGHDAD		ABDIIQBA
2	AL BARAKA TURK KATILIM BANKASI A.S. ERBIL BRANCH	ARBIL		BTFHIQBA
3	AL NIBAL AL ARABYA FOR MONEY TRANSFER	BAGHDAD		ANATIQBA

 

I just went online to my work BOA (Bank of America) Account and under the Payments, International High Value (Wire) section, all of the Bank Codes you just listed are available for Iraq.    So they are listed as Banks for use on BOA.

[sandfly]

Thanks yota 

[Adam Montana]

35 minutes ago, Markinsa said:

I just went online to my work BOA (Bank of America) Account and under the Payments, International High Value (Wire) section, all of the Bank Codes you just listed are available for Iraq.    So they are listed as Banks for use on BOA.

That makes sense.

For clarification... what currencies are available to be transfered via wire, through the system that you have access to?

[DoD]

9 hours ago, Adam Montana said:

POW!!!! 

This is something I've been waiting for. It's not necessary for them to change their rate, but it's a major step into modern banking, international transactions, participation in the global markets, and (pun intended) a swift payout for us when that time comes. 

Synopsis, great explanation on the first page. 

Yota, congrats and keep up the amazing work - you actually posted this about 2 hours before my Iraqi news-buddy sent it to me, according to the time stamp on the email! I'll have to talk to them about that  

 

Adam, please tell me what I'm missing. I read the article a couple of times an see the same thing I did 8 years ago. This SWIFT system is nothing new, hell I transferring money from my Warka account to my Chase account 8 years ago using the SWIFT system. The thing to get excited about is the IBAN in place now which actually has your personal bank account listed rather than the bank as with the SWIFT system. I looked for a date on the article an didn't see one but the SWIFT has actually been around since 1973 I think. In the dark with this thread....

[climber7]

1 hour ago, Adam Montana said:

Yes sir  

That would be ma'am 🙂

[Markinsa]

51 minutes ago, Adam Montana said:

That makes sense.

For clarification... what currencies are available to be transfered via wire, through the system that you have access to?

While I do know we have made payments in Euro's, I do not know if the long drop-down list of currencies (IQD being one of them) available are actually available to be used.  

Attached is a pdf, I downloaded from the bank of the currency codes:

BOACurrencyCodes.pdf

[pokerplayer]

1 hour ago, Markinsa said:

While I do know we have made payments in Euro's, I do not know if the long drop-down list of currencies (IQD being one of them) available are actually available to be used.  

Attached is a pdf, I downloaded from the bank of the currency codes:

http://hosea66.com/DVFiles/BOACurrencyCodes.pdf

Link does not want to open Mark

pp

[Markinsa]

1 minute ago, pokerplayer said:

Link does not want to open Mark

pp

BOACurrencyCodes.pdf

Fixed it.

 

[pokerplayer]

1 hour ago, Markinsa said:

BOACurrencyCodes.pdf

Fixed it.

 

 

Thxs !!

pp

[Synopsis]

3 hours ago, Freedomwish said:

Hey there buddy Synopsis, thanks - I just wanna' throw it out there - trust me when I say there is and always will be a need for record keeping both electronic and hard copy format for funds transfer of any kind.  Given now we're more in the digital age, I can only speak again slightly and briefly from my experience when I worked in the back office operations years ago just before & after 9/11 - records are kept and tracked mostly due to compliance matters, wire investigations if there were suspicion of fraud activity of the like that might had occurred in the accounts and then, government investigations happens big time if clients were perhaps linked to any terrorist organization or crazy group of the like, etc, etc, etc..... Client and internal phone calls are always recorded, computer communications are highly monitored in-house and out, via highly secured servers, (IT Data communications and Network Security comes in here), there is always some sort of "paper trail". The private firm I use to work for, requires a MINIMUM at least of $5 million dollars to open an account with them, and I've seen and worked on some HUGE accounts from folks that you would imagine that I used just go home crying into my pillow at night wishing it was me lmao  Yup! 

I won't give much away but just wanted to further share some of my own insight but this is DEFINITELY and really, really GREAT NEWS!! - in your own words,

"GO MOOLA NOVA!!" 

Going back to my drink now, HANG IN THERE FOLKS!! CHEEEEEEERS!! 

 

Thank You, FreedomWish, for the follow up and correction - I really appreciate you sharing your industry experience to gain more insight!

Go Moola Nova!

[Synopsis]

3 hours ago, Adam Montana said:

I wouldn't think so, because even inactive banks may have an "assigned" code... however, we do know that it's not an easy thing to do business with Iraqi banks, so maybe "authorized", "included", or "recognized" would be applicable?

My hands get tied here because I keep very strict non-compete and non-disclosure agreements with my contacts, attorneys, etc. Although my direct sources in Iraq and other places abroad generally speak very good english, some things get lost cross-language and I'm not at liberty to just share the exact wording from the sources without risking a few raised eyebrows, and it's just not worth it to me to risk alienating any of them.

 

Thank You, Adam, for posting further! Really appreciate your updates and fly bys!

Thank You, too, for only sharing what you are allowed and comfortable sharing!

Go Moola Nova!