CBI News 04/08/2018

[yota691]

General about the filing of the (RTGS) application for the window

 

 April 08, 2018

 

 

 

[ComPLX]

Its comin!

[Donziman]

Is this the beginning of the end of the auction ?

[3n1]

thanks yota, more banking progress.... cheers dv

 

BREAKING DOWN 'Real Time Gross Settlement (RTGS)'

Real time gross settlement is a system, generally employed for large-value interbank funds transfers. These often require immediate and complete clearing and are usually organized by a country’s central bank. Real time gross settlement lessens settlement risk overall as interbank settlement usually occurs in real time throughout the day – instead of simply all together at the end of the day. This eliminates the risk of a lag in completing the transaction. (Settlement risk is often called delivery risk.) RTGS can often incur a higher charge than processes, which bundle and net payments

 

[ChuckFinley]

Man I hope so. We need to kick this in A$$.

[Rmc10]

I need this badly. The RV companies are becoming monopolies and that isn't good for the workers. I don't want to work my life away. 

[ChuckFinley]

5 minutes ago, Rmc10 said:

I need this badly. The RV companies are becoming monopolies and that isn't good for the workers. I don't want to work my life away. 

Man, I hear you. I am ready to walk into the sunset. 

[Freedomwish]

45 minutes ago, ChuckFinley said:

Man, I hear you. I am ready to walk into the sunset. 

I'm ready to run and drink into the sunset.....and hoping to never look back once this thing pops. Yup.

[ChuckFinley]

3 minutes ago, Freedomwish said:

I'm ready to run and drink into the sunset.....and hoping to never look back once this thing pops. Yup.

I hear you. I may stick around to see a Taqela Sunrise.  

[Officiallytook]

3 hours ago, 3n1 said:

thanks yota, more banking progress.... cheers dv

 

BREAKING DOWN 'Real Time Gross Settlement (RTGS)'

Real time gross settlement is a system, generally employed for large-value interbank funds transfers. These often require immediate and complete clearing and are usually organized by a country’s central bank. Real time gross settlement lessens settlement risk overall as interbank settlement usually occurs in real time throughout the day – instead of simply all together at the end of the day. This eliminates the risk of a lag in completing the transaction. (Settlement risk is often called delivery risk.) RTGS can often incur a higher charge than processes, which bundle and net payments

 

Hopefully for us DVs members who need rtgs as of yesterday lol

[eunola]

Total Settlement System:

tariff:

This system guarantees the effective and final settlement of payment orders (high value) exchanged between the participants and continuously during the working day. The balances are settled on the principle of cash flow after the other, ie the principle of FIFO (First in First) Out) The checks are checked by the system to ensure that balances are available in the participant's settlement accounts. The CBI is the controlling body and its operational manager as the owner of the system and manages settlement accounts for participants.

• The Central Bank started the actual operation of the RTGS on 24/8/2006. The five main banks / branches (Rafidain Bank, Rasheed Bank, Bank of Baghdad, Commercial Bank of Iraq and Middle East Bank) were initially involved. The Bank adopted a gradual plan to involve banks In the settlement system, 62 banks have now been subscribed to the immediate total settlement system, in addition to the Ministry of Finance, the Retirement Authority and the Department for the Care of Minors. The system: -
• The system provides no intrusion, manipulation or intrusion on the network.
•  The existence of a basic site for the system and two alternative sites to ensure the protection of information in the event of any emergency or other damage to the site.
• Link all branches of the Central Bank in the south and north of this system.

 

System Objectives: 

•  Remove the manual adjustment risk resulting from large net adjustment operations, add

That the RTGS system ensures an irrevocable final settlement, a good advantage of high value to the customer.

• Increase speed and shorten the time to implement payments.
•  Eliminate credit risk and liquidity.
•  Improve liquidity management.
• Have a high level of efficiency and flexibility.
•  Implement a system that complies with international standards.

 

[eunola]

My post above came from the CBI website. I wasn't sure if allowed to post links or not.

[Laid Back]

The CBI sales the dollar to this companies Electronically..... And the companies sales the dollar to end user... If they want to be part of the currency window, they need RTGS.

 

We will see the lift of exchange control and the real dinar market value this year.

 

Go CBI

Go new monetary Policy 

Go dinar market value

Go purchasing power

Go $1:1

 

 

 

[ChuckFinley]

19 minutes ago, Laid Back said:

The CBI sales the dollar to this companies Electronically..... And the companies sales the dollar to end user... If they want to be part of the currency window, they need RTGS.

 

We will see the lift of exchange control and the real dinar market value this year.

 

Go CBI

Go new monetary Policy 

Go dinar market value

Go purchasing power

Go $1:1

 

 

 

Darn Right. Great stuff LB. 

[NoviceInvestor]

1 hour ago, Laid Back said:

The CBI sales the dollar to this companies Electronically..... And the companies sales the dollar to end user... If they want to be part of the currency window, they need RTGS.

 

We will see the lift of exchange control and the real dinar market value this year.

 

Go CBI

Go new monetary Policy 

Go dinar market value

Go purchasing power

Go $1:1

 

 

 

"Soon"  I hope... Hate using the word but it would be nice by April's end  but I am not holding my breath ....😊😊😊

[Laid Back]

7 hours ago, ChuckFinley said:

Darn Right. Great stuff LB. 

Cf

6 hours ago, NoviceInvestor said:

"Soon"  I hope... Hate using the word but it would be nice by April's end  but I am not holding my breath ....😊😊😊

NI,

Go RV

Go ASAP

Go $1:1

[NoviceInvestor]

58 minutes ago, Laid Back said:

Cf

NI,

Go RV

Go ASAP

Go $1:1

😊... A positive response, Thankyou 

[yota691]

The prices of bullion and gold coins on Tuesday 2018/4/10

 

  

 April 08, 2018

 

[yota691]

10-04-2018 All times are GMT +3

The Central Bank publishes a gold bullion schedule for the current week

 

 

 

The Central Bank of Iraq published on Tuesday a schedule of prices of gold bullion for the current week, while their prices varied between the rise and fall compared to last week. 

The table showed that a 5-ounce minted 265 thousand dinars, up by 1,000 dinars from last week, while the price of the barrel of 15 grams was 786 thousand dinars, up by four thousand dinars. 

The table showed that the price of the 25-gram alloy amounted to 1.329 million dinars and an increase of 22 thousand dinars, while the price of alloy 50 g 2.661 million dinars and a decrease of 30 thousand dinars.

[yota691]

The Central Bank publishes a gold bullion schedule for the current week

 

Market Economy News _ Baghdad The Central Bank of Iraq published on Tuesday a schedule of prices of gold bullion for the current week, while their prices varied between the rise and fall compared to last week. The table showed that a 5-ounce minted 265 thousand dinars, up by 1,000 dinars from last week, while the price of the barrel of 15 grams was 786 thousand dinars, up by four thousand dinars. The table showed that the price of the 25-gram alloy amounted to 1.329 million dinars and an increase of 22 thousand dinars, while the price of alloy 50 g 2.661 million dinars and a decrease of 30 thousand dinars. And publishes "Economy News" a copy of the table prices of gold coins and bullion issued by the Central Bank for the week ..

Views 33   Date Added 04/10/2018