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Governor of the Central Bank announces the lifting of guardianship of the bank «United Investment»


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Governor of the Central Bank announces the lifting of guardianship of the bank «United Investment»
 
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Governor of the Central Bank Ali Alalak "Economy News"
  

 Banks

Economy News Baghdad:

The governor of the Central Bank of Iraq, Ali Alaak, the lifting of guardianship of the United Bank for investment after it was imposed on him at the end of last December.

Alaq said in a letter addressed to licensed banks operating in Iraq, and was briefed by "Economy News", "it was decided to lift the guardianship of the United Investment Bank as of March 5 present."

 

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Views 156   Date Added 03/12/2019
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and by the way this is not pumping... this is actually reading the news...if you look closely you can see where this is going...naysayers can keep on complaining I personally couldn’t care less...let’s go lower notes... let’s go movement of change 

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Love your optimism but I just don't see anything until they get those seats filled and they are able to somewhat control the corruption. I realize they will never stop it completely. This is Iraq after all. I want this just as much as you all do, but I feel there is still to many hurdles to climb yet for us to see it this month. I hope I'm very wrong!

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1 hour ago, Botzwana said:

Myself and my private group are with you guys.  No more stalling.  This month has to be it.

Exactly what I am thinking, there has been countless articles about them going international the past few months and also with the tariffs kicking in.  We have to be on top of this.

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3 minutes ago, WheresmyRV? said:

Exactly what I am thinking, there has been countless articles about them going international the past few months and also with the tariffs kicking in.  We have to be on top of this.

I agree...Look at the board behind him. MasterCard logo...Western Union logo, INTERNATIONAL Islamic Bank card.....Its gotta be SOOON!

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43 minutes ago, Rochester said:

IMF guardianship lifted? Iraq is now the boss of Iraq?

Well, when you put it like that ... it makes allot of sense - in as much as anything else over ther that we can make sense of.

 

Theyre ready to put their Big Boy Trousers and run with the Global Herd.  .... unfettered and  encumbered perhaps ?

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29 minutes ago, 10 YEARS LATER said:

Well, when you put it like that ... it makes allot of sense - in as much as anything else over ther that we can make sense of.

 

Theyre ready to put their Big Boy Trousers and run with the Global Herd.  .... unfettered and  encumbered perhaps ?

with all of this, I think they are packing a schnauzer in their trousers!

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"it was decided to lift the guardianship of the United Investment Bank as of March 5 present."
 
 
Bloomberg
March 12, 2019 5:52 PM ET

Banks

 

Company Overview of United Bank for Investment

 

Company Overview

United Bank for Investment provides specialized and commercial banking services in Iraq. It offers current and savings accounts, as well as fixed deposits; and various loans and letters of credit. The company also finances small and medium enterprises; buys and sells foreign currencies; issues foreign and local letters of guarantees; and trades in stocks and securities. United Bank for Investment was founded in 1994 and is based in Baghdad, Iraq.

Building 69

Street 14

Al-Wihda quarter

District 906

Baghdad,  

Iraq

Founded in 1994

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3 hours ago, chris2028 said:

What exactly does this mean? Lifting the guardianship? 

Guardianship is usually put in place by  order of a court or an authority because someone is considered incapable of effectively conducting affairs that pertain to them.. It can also be lifted or removed by the court or authority that put the  identity under guardianship at the time they can prove their capability to conduct their own affairs.. 

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34 minutes ago, madisonjar said:

Wait when did the exchange rate go kinda crazy on xe, wasnt it around the 5th or 6th? wonder if these two things are related or just coincedence

       What year? Around 10 years ago,several  innerweb xe companies announced that the iqd had rv'd,  parred to the euro at that time {$1.29 ?} Turned out that all of them were owned by the same concern . It appeared to be a done deal . I was over served with champagne ,took a picture of my dog buried in dinar . It sure was fun while it lasted .

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5 hours ago, jake21 said:

Love your optimism but I just don't see anything until they get those seats filled and they are able to somewhat control the corruption. I realize they will never stop it completely. This is Iraq after all. I want this just as much as you all do, but I feel there is still to many hurdles to climb yet for us to see it this month. I hope I'm very wrong!

You are wrong. "...there is still to many hurdles to climb yet for us to see it this month."

You don't climb hurdles, you jump over them!

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