yota691 Posted July 24, 2018 Report Share Posted July 24, 2018 Deposit the second payment for the purpose of completing the insurance amount July 24, 2018 To all licensed banks and brokerage companies for the sale and purchase of all foreign currencies (opening an account ) 2 1 Quote Link to comment Share on other sites More sharing options...
jg1 Posted July 24, 2018 Report Share Posted July 24, 2018 Help, need a translation. 1 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 24, 2018 Author Report Share Posted July 24, 2018 The Central Bank calls on the private banks to deposit the second installment of insurance Tuesday 24 July - + Alsumaria News / Baghdad The Central Bank of Iraq, Tuesday, the private banks to deposit the second installment of insurance amounting to 50 million dinars. The bank said in a statement received by Alsumaria News a copy of it, "All private banks and brokerage companies to sell and buy currencies need to deposit the second installment of 50 million dinars to complete the full insurance of 100 million dinars by notification of the payment system from the bank account dealt with by the company on a date By 31 July 2018 ". The bank added in its statement that "the violator will bear all the legal consequences." The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies. 2 2 9 Quote Link to comment Share on other sites More sharing options...
dinareffic Posted July 24, 2018 Report Share Posted July 24, 2018 The Central Bank calls on the private banks to deposit the second installment of insurance The Central Bank of Iraq, Tuesday, the private banks to deposit the second installment of insurance amounting to 50 million dinars. The bank said in a statement received by Alsumaria News a copy of it, "All private banks and brokerage companies to sell and buy currencies need to deposit the second installment of 50 million dinars to complete the full insurance of 100 million dinars by notification of the payment system from the bank account dealt with by the company on a date By 31 July 2018 ". The bank added in its statement that "the violator will bear all the legal consequences." The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies. https://www.alsumaria.tv/news/242652/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B7%D8%A7%D9%84%D8%A8-%D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81-%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%8A%D8%A9-%D8%A8%D8%A5%D9%8A%D8%AF%D8%A7%D8%B9-%D8%A7%D9%84%D8%AF%D9%81%D8%B9%D8%A9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A/ar 4 2 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted July 24, 2018 Report Share Posted July 24, 2018 Thanks Yota, dinareffic ! 3 Quote Link to comment Share on other sites More sharing options...
Floridian Posted July 24, 2018 Report Share Posted July 24, 2018 "to complete the full insurance of 100 million dinars" Do you think they may be giving us the RV rate here? How much insurance do you think will be required of ""All private banks and brokerage companies"? Which number sounds more reasonable? At 0.00086, it would be $86,000 At .10, it would be $10,000,000 At $1.00, it would be $100,000,000 At $3.00, it would be $300,000,000 1 1 7 Quote Link to comment Share on other sites More sharing options...
Rugbylaird19 Posted July 24, 2018 Report Share Posted July 24, 2018 27 minutes ago, Floridian said: "to complete the full insurance of 100 million dinars" Do you think they may be giving us the RV rate here? How much insurance do you think will be required of ""All private banks and brokerage companies"? Which number sounds more reasonable? At 0.00086, it would be $86,000 At .10, it would be $10,000,000 At $1.00, it would be $100,000,000 At $3.00, it would be $300,000,000 Math was never my strong point and so I don't understand your numbers but that doesn't mean that I don't like them. LOL 1 3 Quote Link to comment Share on other sites More sharing options...
TOMINVEGAS Posted July 24, 2018 Report Share Posted July 24, 2018 RTGS Search Edit Watch this page Read in another language Real-time gross settlement Real-time gross settlement systems are specialist funds transfer systems where the transfer of moneyor securities[1] takes place from one bank with transactions . "Gross settlement" means the transaction is settled on one-to-one basis . "Settlement" means that once processed, payments are final and irrevocable. RTGS systems are typically used for high-value transactions that require and receive immediate . In some countries the RTGS systems may be the only way to get same day cleared funds and so may be used when payments need to be settled urgently. However, most regular payments would not use a RTGS system, but instead would use a national payment system or network that allows participants to batch and net payments. RTGS payments typically incur higher transaction costs and usually operated by a country's central bank. 4 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted July 24, 2018 Report Share Posted July 24, 2018 I believe this is an IMF / CBI requirement for all the banks who wants to participate in the currency window to prevent corruption.! This is part of the AML/CFT controls, when effectively implemented, mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets. Go CBI Go new monetary policy Go $1:1 2 4 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted July 24, 2018 Report Share Posted July 24, 2018 The bank said in a statement received by Alsumaria News a copy of it, "All private banks and brokerage companies to sell and buy currencies need to deposit the second installment of 50 million dinars to complete the full insurance of 100 million dinars by notification of the payment system from the bank account dealt with by the company on a date By 31 July 2018 ". By July 31-2018 Maybe the CBI is planning to do something in August 2018 Go RV ASAP 4 2 7 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 24, 2018 Report Share Posted July 24, 2018 22 minutes ago, Laid Back said: I believe this is an IMF / CBI requirement for all the banks who wants to participate in the currency window to prevent corruption.! This is part of the AML/CFT controls, when effectively implemented, mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets. Go CBI Go new monetary policy Go $1:1 Sounding good, integrity and stability. 1 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 24, 2018 Report Share Posted July 24, 2018 2 minutes ago, Laid Back said: The bank said in a statement received by Alsumaria News a copy of it, "All private banks and brokerage companies to sell and buy currencies need to deposit the second installment of 50 million dinars to complete the full insurance of 100 million dinars by notification of the payment system from the bank account dealt with by the company on a date By 31 July 2018 ". By July 31-2018 Maybe the CBI is planning to do something in August 2018 Go RV ASAP I would take August in a heart beat. 2 6 Quote Link to comment Share on other sites More sharing options...
Flamtap Posted July 24, 2018 Report Share Posted July 24, 2018 13 minutes ago, ChuckFinley said: I would take August in a heart beat. I second that motion and Emotion! 2 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted July 24, 2018 Report Share Posted July 24, 2018 Aug correlates to my Chinese horoscope lol I'm down 2 Quote Link to comment Share on other sites More sharing options...
js214 Posted July 24, 2018 Report Share Posted July 24, 2018 43 minutes ago, ChuckFinley said: I would take August in a heart beat. Funky moon on the 27th.. Could it be? 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted July 24, 2018 Report Share Posted July 24, 2018 1 minute ago, js214 said: Funky moon on the 27th.. Could it be? Truly could good friend truly could be Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted July 24, 2018 Report Share Posted July 24, 2018 1 hour ago, Laid Back said: By July 31-2018 Maybe the CBI is planning to do something in August 2018 Go RV ASAP ..... 1 2 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted July 24, 2018 Report Share Posted July 24, 2018 1 hour ago, ChuckFinley said: Sounding good, integrity and stability. 1 hour ago, ChuckFinley said: I would take August in a heart beat. Me too my friend Chuck. 34 minutes ago, Freedomwish said: ..... Amen 🙏🏼 1 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 24, 2018 Report Share Posted July 24, 2018 3 hours ago, Flamtap said: I second that motion and Emotion! If so, first round is on me. 1 1 2 Quote Link to comment Share on other sites More sharing options...
lmb4321 Posted July 25, 2018 Report Share Posted July 25, 2018 I'll get the 2nd round and even the 3rd round....... Quote Link to comment Share on other sites More sharing options...
lmb4321 Posted July 25, 2018 Report Share Posted July 25, 2018 😀 Quote Link to comment Share on other sites More sharing options...
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