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Ki: Electronic payment supports economic reform


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17 minutes ago, Half Crazy Runner said:

 

Yes, but it sure beats the alternative 😁

 

Ya, for me it's no longer happy birthday it's happy survival day. Survived one more year. 

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CBI signs MOU with Yunin B International International   July 4, 2018  Banks Economy News Baghdad:

Number of readings 26 Section: Iraq   CBI signs MoU with Yunin Bi International     Baghdad, July 4, 2018 - The Central Bank of Iraq (CBE) announced today the signing of

From a cash society to an electronic society.   Iraqi banking system continues moving forward with the implementation of electronic payment.   Electronic payment means less physica

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 Iraq with the latest technology and e-banking. ...... Moving forward to a market economy.!

 

This is an advanced step towards global service delivery,

 

Go CBI 

Go dinar

Go global 

Go $1:1

 

 

 

 

 

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20 minutes ago, Laid Back said:

 Iraq with the latest technology and e-banking. ...... Moving forward to a market economy.!

 

This is an advanced step towards global service delivery,

 

Go CBI 

Go dinar

Go global 

Go $1:1

 

 

 

 

 

Yes..:twothumbs:

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On 3/10/2016 at 9:45 PM, Synopsis said:

Am I reading this right?

 

Buy/Sell IQD 127.00/126.00 = 1 USD in the Iraqi markets?

 

If so, we are moving in the right direction!

 

On the CBI home page, there is a new link for the CBI Strategic Plan for 2016-2020.

Sorry, for some reason, would not copy.  Here is the CBI home page:

 

http://www.cbi.iq/

On page 11, for "Stable and steady exchange rate:"

Re-Structure the non-banking financial institutions particularly those in money transfer and exchange through,

  • Withdraw excessive cash in the market and regulate sufficient amount of banknotes.
  • Diversify investment tools qualitatively and timely and introduce convertible new currencies.
  • Authorise responsible department(s) to perform and utilize their tasks and duties in purchasing and selling of foreign currencies and investment tools.
  • Re-structure or review periodically the interest rates.

This is good news to me!  Hopefully, these items will be implemented as soon as possible in 2016 and not wait until the end of 2020!

 

The CBI currency auction for March 10, 2016 is:

Currency Auctions

Announcement No. (3155)

The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 10/3/2016 and the results were as follows:

Details Notes

Number of banks 24

Number of remittance companies 20

Auction price selling dinar / US$ 1182

Auction price buying dinar / US$ -----

Amount sold at auction price (US$) 92,700,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) 92,700,000

Total offers for selling (US$) -----

Hopefully, these auctions will be ending soon.

Nice one check this out🔜"Re-Structure the non-banking financial institutions particularly those in money transfer and exchange through,"

Link https://cbi.iq/page/25

 

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Non-banking financial institutions

 

Financial Institutions

  INSTITUTION NAME ADDRESS EMAIL & Telephone Number
1. Iraqi Company for Bank Guarantees Baghdad
Tel: +9647902 304007
info@icbg-iq.com
www.icbg-iq.com
2. Iraqi Association of Securities Dealers Baghdad
Al-Karada 905
Street 9
Building 18
Tel: +9647904 302828
www.iasd-iq.org
3. Iraq Stock Exchange Baghdad
Tel: +964 1 7174484 
Fax: +964 1 7174461
info-isx@isx-iq.net
www.isx-iq.net

 
4.

International Smart Card
(Semi Government) LLC

 

Smart Card company is also set to international restructure😆

 

 

Rafidain Bank and the company to provide international services soon to all the beneficiary segments
 
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arrow.gif Banks
 
 

Economy News _ Baghdad

The International Smart Card Company (KI) confirmed on Monday that Rafidain Bank and KI will provide global services soon to all beneficiary segments. 
"This partnership will create new products by relying on new technologies that will increase the internal efficiency of the business between the company and Rafidain Bank and allow customers to offer services in a flexible and simple way to make people's lives easier," said KI. . 
The statement added that "the continuous pursuit of the staff of Rafidain Bank and the company to make the partnership successful resulted in acceptable results in the Iraqi street and touch the wishes of citizens, where continues to provide loans to various segments of society benefiting from electronic payment services through the company."
He explained that "the specialized teams at both ends of the process Rafidain Bank and (K) continue to study different candidates and choose the best serving the Iraqi family," noting that "the coming period will see the provision of services at a global level to all segments of the beneficiary." 
"The new services shorten the time and effort and reach the beneficiary without any trouble, and this is an advanced step towards global service delivery," he said. 
The last period witnessed the launch of the Takatof initiative in partnership between Rafidain Bank, Kee Company, General Post and Savings Company and General Retirement Authority, in order to deliver electronic services to all regions of Iraq.

 

 

Views 705   Date Added 09/07/2018

 

Link http://economy-news.net/content.php?id=12856

 

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http://www.cbi.iq/

On page 11, for "Stable and steady exchange rate:"

Re-Structure the non-banking financial institutions particularly those in money transfer and exchange through,

  • Withdraw excessive cash in the market and regulate sufficient amount of banknotes.
  • Diversify investment tools qualitatively and timely and introduce convertible new currencies.
  • Authorise responsible department(s) to perform and utilize their tasks and duties in purchasing and selling of foreign currencies and investment tools.
  • Re-structure or review periodically the interest rates.

Link : CBI Strategic plan

https://cbi.iq/page/77

 

Convertible New Currency

It's all making progress now one by one b4 they finally hit the road💪😎

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7 hours ago, Laid Back said:

 Iraq with the latest technology and e-banking. ...... Moving forward to a market economy.!

 

This is an advanced step towards global service delivery,

 

Go CBI 

Go dinar

Go global 

Go $1:1

 

Yup it's all been on the plan,Cbi Strategic Plan

Link https://cbi.iq/page/25

header.jpg
hh
 

Non-banking financial institutions

 
  INSTITUTION NAME    
       
4.

International Smart Card
(Semi Government) LLC

 

Including the smart card company about to provide global service with new convertible currency😆

header.jpg
hh
 

Strategic Plan

CBI Strategic plan (2016-2020)
https://cbi.iq/page/77

On page 11, for "Stable and steady exchange rate:"

Re-Structure the non-banking financial institutions particularly those in money transfer and exchange through,

  • Withdraw excessive cash in the market and regulate sufficient amount of banknotes.
  • Diversify investment tools qualitatively and timely and introduce convertible new currencies.
  • Authorise responsible department(s) to perform and utilize their tasks and duties in purchasing and selling of foreign currencies and investment tools.
  • Re-structure or review periodically the interest rates.
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3 hours ago, Reez said:

Nice one check this out🔜"Re-Structure the non-banking financial institutions particularly those in money transfer and exchange through,"

 

:twothumbs: Reez, AND The Best Of Your Week To You!!! :tiphat:

 

Go Moola Nova!

:pirateship:

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  • yota691 changed the title to Rafidain Bank and the company to provide international services soon to all the beneficiary segments
6 hours ago, Reez said:

Yup it's all been on the plan,Cbi Strategic Plan

Link https://cbi.iq/page/25

header.jpg
hh
 

Non-banking financial institutions

 
  INSTITUTION NAME    
       
4.

International Smart Card
(Semi Government) LLC

 

Including the smart card company about to provide global service with new convertible currency😆

header.jpg
hh
 

Strategic Plan


CBI Strategic plan (2016-2020)
https://cbi.iq/page/77

On page 11, for "Stable and steady exchange rate:"

Re-Structure the non-banking financial institutions particularly those in money transfer and exchange through,

  • Withdraw excessive cash in the market and regulate sufficient amount of banknotes.
  • Diversify investment tools qualitatively and timely and introduce convertible new currencies.
  • Authorise responsible department(s) to perform and utilize their tasks and duties in purchasing and selling of foreign currencies and investment tools.
  • Re-structure or review periodically the interest rates.

Awesome find Reez :twothumbs:

We are getting really close to see the introduction of a new convertible currency.!

 

Go CBI 

Go new monetary policy 

Go convertible currency 

Go $1:1

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48 minutes ago, Laid Back said:

Awesome find Reez :twothumbs:

We are getting really close to see the introduction of a new convertible currency.!

 

Go CBI 

Go new monetary policy 

Go convertible currency 

Go $1:1

 

Give me the Greenlight.... I’m ready! 

 

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convertible currency :

A currency that can be freely exchanged into another currency for any purpose, without regulatory restrictions. Convertible currencies are generally associated with open and stable economies, and their prices are typically determined through supply and demand forces in the FOREIGN EXCHANGE market...... cheers dv

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I don't like is that the plan is for 2016 - 2020.   (I don't want to wait another year and a half.)

And why does it say "currencies" instead of currency?

 

Diversify investment tools qualitatively and timely and introduce convertible new currencies.

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6 minutes ago, navira said:

Convertible new currencies----> lower notes

 

Nah, I think that would still be currency and not currencies.

This is perplexing!

 

Maybe they're saying you can buy stocks (and other investments) in dollars, Euros, or some other convertible currency.  Opinions?

Edited by Floridian
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20 hours ago, Gypsygirl11 said:

Awww Chuck, I'm blushing. When this hits can I get a little face lift....that would be nice. Getting old is for the birds!

When I am done they will not let me across the boarder,. Guy will tell me that's not you on this passport.

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9 hours ago, newbieDA said:

never seen "Partial Halt" before

 

Works on on the same premise we have in the Cavalry’s order to - “ Prepare to Standby “ - although you’re not “ there” yet, you’re closer to It because you’re no longer where you previously were, just a bit further from “ where “ & closer to “ there “ . . Action still is to be taken, only “ Partially “ however.

 

Pretty sure that’s clear as mud . . . Don’t blame me - that’s the way my Captain put it to us so in future we would know exactly “ where “ we needed to be in order to get to “ there “ :salute:

 

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48 minutes ago, ChuckFinley said:

When I am done they will not let me across the boarder,. Guy will tell me that's not you on this passport.

Good for you. You will feel so much better/healthier. I watched a Netflix documentary called "The Magic Pill" - watch it. 

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1 hour ago, 10 YEARS LATER said:

 

Works on on the same premise we have in the Cavalry’s order to - “ Prepare to Standby “ - although you’re not “ there” yet, you’re closer to It because you’re no longer where you previously were, just a bit further from “ where “ & closer to “ there “ . . Action still is to be taken, only “ Partially “ however.

 

Pretty sure that’s clear as mud . . . Don’t blame me - that’s the way my Captain put it to us so in future we would know exactly “ where “ we needed to be in order to get to “ there “ :salute:

 

🤣😂🤣😂👍👍👍🇺🇸

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  • yota691 changed the title to Ki: Electronic payment supports economic reform

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