yota691 Posted October 1, 2018 Report Share Posted October 1, 2018 Submitting to electronic payment companies October 01, 2018 To all electronic payment companies ( uncles ) 3 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 1, 2018 Author Report Share Posted October 1, 2018 Central warns electronic payment companies to carry out buying and selling currencies Central Bank of Iraq Economy News Baghdad The Central Bank of Iraq warned on Monday that electronic payment companies operating in Iraq would be able to broker foreign currency buying and selling transactions, stressing that it would impose fines on them if it applied. A document issued by the Central Bank of Iraq obtained by "Economy News", that "the Central will impose a fine on electronic payment companies if it is proven that any port or a major agent or secondary exploits the name of the provider of the service to carry out transactions to broker the sale and purchase of foreign currency and remittances Outside the system of the service provider in addition to the legal liability borne by the company. " The document explained that "the supplier is responsible for its competitors and agents based on Article (16 / I / E) of the electronic payment services of funds No. (3) for the year 2014." Number of Views 34 Date Added 01/10/2018 3 7 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted October 1, 2018 Report Share Posted October 1, 2018 http://economy-news.net/content.php?id=13847...... Central warns electronic payment companies to carry out buying and selling currencies Central Bank of Iraq Banks Economy News Baghdad The Central Bank of Iraq warned on Monday that electronic payment companies operating in Iraq would be able to broker foreign currency buying and selling transactions, stressing that it would impose fines on them if it applied. A document issued by the Central Bank of Iraq obtained by "Economy News", that "the Central will impose a fine on electronic payment companies if it is proven that any port or a major agent or secondary exploits the name of the provider of the service to carry out transactions to broker the sale and purchase of foreign currency and remittances Outside the system of the service provider in addition to the legal liability borne by the company. " The document explained that "the supplier is responsible for its competitors and agents based on Article (16 / I / E) of the electronic payment services of funds No. (3) for the year 2014." 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 1, 2018 Author Report Share Posted October 1, 2018 01-10-2018 All times are GMT +3 Central warns electronic payment companies from sales and purchase The Central Bank of Iraq (CBE) on Monday warned e-payment companies from buying and selling currencies. The bank said in a statement that it would "impose a fine on electronic payment companies if it is proven that any outlet or agent major or secondary exploits the name of the provider of the service to conduct transactions to sell and buy foreign currencies and remittances outside the system provider. He added that 'these companies will also have a legal responsibility borne by the company as the provider is responsible for his competitors and agents based on Article 16/1 e of the system of electronic payment services for funds No. 3 of 2014'. 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 1, 2018 Author Report Share Posted October 1, 2018 Economy Monday 1 October 2018 12:06 pm | Number of readings: 24 The Central Bank warns electronic payment companies to carry out the sale and purchase of currencies BAGHDAD / The Central Bank of Iraq (CBE) warned on Monday that electronic payment companies would not be able to buy and sell currency. The bank said in a statement that it would "impose a fine on electronic payment companies if it is proven that any outlet or agent major or secondary exploits the name of the provider of the service to carry out transactions to sell and buy foreign currency and remittances outside the system provider. He added that "these companies will also have a legal responsibility borne by the company as the provider is responsible for its competitors and agents based on Article 16 I / E of the system of electronic payment services for funds No. 3 of 2014." 1 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 1, 2018 Author Report Share Posted October 1, 2018 The Central Bank warns electronic payment companies to carry out the sale and purchase of currencies Monday, October 1, Alsumaria News / Baghdad warned the Central Bank of Iraq , Monday, electronic payment from carrying out buying and selling currencies companies. The bank said in a statement that it will impose a fine on electronic payment companies if it is proven that any port or agent, major or secondary, exploits the name of the provider of the service to carry out transactions to sell and buy foreign currency and remittances outside the system provider " . He added that "these companies will also have a legal responsibility borne by the company because the provider is responsible for its competitors and agents based on Article 16/1 e of the system of electronic payment services of funds No. 3 of 2014." 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 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 1, 2018 Author Report Share Posted October 1, 2018 CBI warns electronic payment companies from buying and selling currencies Twilight News 2 hours ago The Central Bank of Iraq warned the electronic payment companies operating in Iraq from conducting transactions mediating the sale and purchase of foreign currency, stressing that he will impose fines on them if applied A document issued by the Central Bank of Iraq addressed to the electronic payment companies that this bank will impose a fine on electronic payment companies if it is proven that any port or a major agent or secondary exploits the name of the provider of the service to carry out transactions to broker the sale and purchase of foreign currency and remittances outside The system of the service provider in addition to the legal liability borne by the company. The document explained that the provider is responsible for its competitors and agents based on Article (16 / I / e) of the Electronic Payment Services No. 3 of 2014. Keywords: 1 2 3 Quote Link to comment Share on other sites More sharing options...
gregp Posted October 1, 2018 Report Share Posted October 1, 2018 I think they’re serious. 1 5 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted October 1, 2018 Report Share Posted October 1, 2018 3 hours ago, yota691 said: To all electronic payment companies ( uncles ) نود اعالمكم بأن هذا البنك سيقوم بفرض غرامة مالية على شركتكم ان ثبت بأن أي منفذ أو وكيل رئيسي او ثانوي يقوم بأستغالل أسم الشركة المزودة للخدمة للقيام بعمليات التوسط ببيع وشراء العمالت األجنبية والتحويالت المالية خارج نظام مزود الخدمة باإلضافة إلى المسؤولية القانونية التي تتحملها الشركة كون أن المزود هو المسؤول عن منافذ ووكالنه استتادأ إلى المادة ) 1/أوأل/هـ( من نظام خدمات الدفع االلكتروني لالموال رقم )( لسنة 1 مع التقدير., translation: We would like to inform you that this bank will impose a fine on your company if it is proven that any primary or secondary agent or agent is using the name of the service provider to carry out brokerage transactions for the sale and purchase of foreign currencies and remittances outside the service provider's system, (1) / (e) of the e-Payment Services System (No. 1) for the year 1 with appreciation. Soooo....this means... NO DOLLARS for you? 1 3 3 Quote Link to comment Share on other sites More sharing options...
Donziman Posted October 1, 2018 Report Share Posted October 1, 2018 I think this is BIG. CBI saying they will be getting out of the auction business and telling the banks.....don't do as i do (corrupt auction ) or you will be fined big time. That way the CBI will still be making money because most of the banks are owned by crooks and will keep stealing but CBI is in compliance with all the authorities. 2 6 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted October 1, 2018 Report Share Posted October 1, 2018 (edited) Time to shut down the CBI windows Edited October 1, 2018 by Officiallytook 4 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted October 1, 2018 Report Share Posted October 1, 2018 1 hour ago, DWS112 said: Soooo....this means... NO DOLLARS for you? Could this mean they want to freeze electronic transactions of the dollar because an exchange rate change is about to occur? 1 5 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 1, 2018 Author Report Share Posted October 1, 2018 The Central Bank warns electronic payment companies to carry out the sale and purchase of currencies Readers The Central Bank warns electronic payment companies to carry out the sale and purchase of currencies 01-10-2018 03:18 PM The Euphrates - The Central Bank of Iraq warned the electronic payment companies operating in Iraq to carry out transactions that mediate the sale and purchase of foreign currency, stressing that he will impose fines on them if applied. A document issued by the Central Bank of Iraq addressed to the electronic payment companies that this bank will impose a fine on electronic payment companies if it is proven that any port or a major agent or secondary exploits the name of the provider of the service to carry out transactions to broker the sale and purchase of foreign currency and remittances outside The system of the service provider in addition to the legal liability borne by the company. The document explained that the provider is responsible for its competitors and agents based on Article (16 / I / e) of the Electronic Payment Services No. 3 of 2014. 1 1 2 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted October 1, 2018 Report Share Posted October 1, 2018 Didn't our Boss Adam mention something about Oct 2nd to look out for? 1 4 Quote Link to comment Share on other sites More sharing options...
danielchu Posted October 1, 2018 Report Share Posted October 1, 2018 Y 10 minutes ago, Officiallytook said: Didn't our Boss Adam mention something about Oct 2nd to look out for? Yes for the president of iraq to be elected! 1 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted October 1, 2018 Report Share Posted October 1, 2018 1 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted October 1, 2018 Report Share Posted October 1, 2018 Just hope at some point they STOP talking and get to the Doing stage. 1 3 Quote Link to comment Share on other sites More sharing options...
Bunk Posted October 1, 2018 Report Share Posted October 1, 2018 2 minutes ago, 10 YEARS LATER said: Just hope at some point they STOP talking and get to the Doing stage. Yup,but,after the holiday. 2 1 Quote Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted October 1, 2018 Report Share Posted October 1, 2018 4 minutes ago, Bunk said: Yup,but,after the holiday. Indeed - wouldn’t want to cramp their style with anything so mundane and tedious like running the country and passing overdue legislation. 2 4 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted October 1, 2018 Report Share Posted October 1, 2018 (edited) 7 hours ago, DWS112 said: Could this mean they want to freeze electronic transactions of the dollar because an exchange rate change is about to occur? lets go IQD ...when it comes to the CBI ..we got lots going on.... time for smaller notes! Edited October 1, 2018 by 6ly410 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted October 1, 2018 Report Share Posted October 1, 2018 12 hours ago, gregp said: I think they’re serious. 10 hours ago, DWS112 said: نود اعالمكم بأن هذا البنك سيقوم بفرض غرامة مالية على شركتكم ان ثبت بأن أي منفذ أو وكيل رئيسي او ثانوي يقوم بأستغالل أسم الشركة المزودة للخدمة للقيام بعمليات التوسط ببيع وشراء العمالت األجنبية والتحويالت المالية خارج نظام مزود الخدمة باإلضافة إلى المسؤولية القانونية التي تتحملها الشركة كون أن المزود هو المسؤول عن منافذ ووكالنه استتادأ إلى المادة ) 1/أوأل/هـ( من نظام خدمات الدفع االلكتروني لالموال رقم )( لسنة 1 مع التقدير., translation: We would like to inform you that this bank will impose a fine on your company if it is proven that any primary or secondary agent or agent is using the name of the service provider to carry out brokerage transactions for the sale and purchase of foreign currencies and remittances outside the service provider's system, (1) / (e) of the e-Payment Services System (No. 1) for the year 1 with appreciation. Soooo....this means... NO DOLLARS for you? Sure does sound like someone means business. 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted October 2, 2018 Report Share Posted October 2, 2018 Last week the CBI told the banks to start lending money to small and medium enterprises to make profits....They can't profit from the currency window anymore. This week the CBI warned the electronic payment companies. The foreign currency auction are coming to an end. Go CBI Go end of MCP Go new Monetary policy Go RV Go $1:1 4 2 9 Quote Link to comment Share on other sites More sharing options...
Half Crazy Runner Posted October 2, 2018 Report Share Posted October 2, 2018 (edited) 6 hours ago, 10 YEARS LATER said: Just hope at some point they STOP talking and get to the Doing stage. ☝☝☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️ At some point, like RIGHT NOW please!!! Edited October 2, 2018 by Half Crazy Runner 1 1 2 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted October 2, 2018 Report Share Posted October 2, 2018 21 minutes ago, Laid Back said: Last week the CBI told the banks to start lending money to small and medium enterprises to make profits....They can't profit from the currency window anymore. This week the CBI warned the electronic payment companies. The foreign currency auction are coming to an end. Go CBI Go end of MCP Go new Monetary policy Go RV Go $1:1 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 2, 2018 Author Report Share Posted October 2, 2018 Training courses include the qualification and certification of the head of auditors from IRCA UK in the standards October 01, 2018 2 Quote Link to comment Share on other sites More sharing options...
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