Popular Post DWS112 Posted July 17, 2019 Popular Post Report Share Posted July 17, 2019 Iraqi National Bank opens first place in Iraq to manage cash 17/07/2019 The Iraqi National Bank announced the opening of the first cash management center of its kind in Iraq and located in the branch of the main bank in Baghdad. The bank said in a statement on the occasion of the official opening of the center: "This center provides a unique infrastructure to automate the private logistics operations after counting the money to save time and reduce the risks of financial movements through the adoption of sophisticated counting devices and a mechanism of action to provide a secure environment for financial transactions while ensuring the provision of another The world-class technology adopted in the field of financial services. He added that the center is an incubator for the latest cash counting machines that work in a precise and effective manner and provides a varied sorting of currencies very quickly, with the introduction of a new link technology for banknotes to prevent their damage according to the latest international standards. A specialized team with cash counting to reduce customer waiting time and speed up procedures in a remarkable way The Center also ensures full insurance of all amounts by the major insurance companies in addition to strict compliance with the regulations and policies of the Central Bank of Iraq. The bank's managing director, Ayman Abu Dheim, said: "The bank always strives to be a pioneer in providing the best and latest integrated banking services to our clients from all sectors to meet all their requirements and help them to advance their business. He added: "The launch of this center is the first of its kind in Iraq to ensure our customers services very accurate, fast and safe. The Center provides distinguished customers with a cash monitoring experience through live screens, cash counting operations within the VIP Lounge, in addition to providing for the first time accepting cash withdrawals from large amounts and from any cash category, from Saturday to Thursday, in addition to deposits and withdrawals during working hours From 8:00 am to 5:00 pm with counting and deposit in the accounts directly on the same day if received before 3 pm. The center is characterized by doubling the bank's productivity in cash management by achieving a greater volume of deposits and withdrawals by raising the rate of banknotes that can be received at the bank from 250 thousand coins per day to one million notes a day, four times the Bank's previous absorption. Since the beginning of the operation of the Monetary Department in mid-May, 11 million banknotes have been deposited in the equivalent of 110 billion Iraqi dinars and at the rate of 400 thousand sheets of cash per day and increasing continuously. The National Bank of Iraq was established in 1995 and provides comprehensive banking services to individuals and companies in Iraq. In 2005, Capital Bank of Jordan purchased the majority of the Bank's shares and joined it with Capital Bank Group, through which the Bank provides investment advisory services to companies through Capital Investments, the investment and advisory arm of Capital Bank Group in Jordan and the Dubai International Financial Center (DIFC). Today, the bank has 11 in Iraq's major cities and will be upgraded to 14 branches by the end of this year. 3 6 10 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted July 17, 2019 Report Share Posted July 17, 2019 WOW!!! I like it! B/A 1 1 1 Quote Link to comment Share on other sites More sharing options...
miquel Posted July 17, 2019 Report Share Posted July 17, 2019 Just now, bostonangler said: WOW!!! I like it! B/A I've got a few bills they can count!!! 2 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted July 17, 2019 Report Share Posted July 17, 2019 1 minute ago, miquel said: I've got a few bills they can count!!! Me too!!!! B/A 1 1 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted July 17, 2019 Report Share Posted July 17, 2019 I gave you a trophy because you got out of the swampy 2nd Amendment Forum. haha. Hope you are having a great day. I’m slugging it out in the trading pits. Got a nice hit on ZM. Markets are slow, weak action!! Oil getting pummeled again. I shorted Valero for a decent gain 1 3 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted July 17, 2019 Report Share Posted July 17, 2019 Thank you for the article DWS112. Another step forward for Iraq 3 1 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted July 17, 2019 Report Share Posted July 17, 2019 1 minute ago, Pitcher said: I gave you a trophy because you got out of the swampy 2nd Amendment Forum. haha. Hope you are having a great day. I’m slugging it out in the trading pits. Got a nice hit on ZM. Markets are slow, weak action!! Oil getting pummeled again. I shorted Valero for a decent gain I'm having a good day as well. My GOLD stock is bumping nicely as is OGI... Happy trading... B/A 1 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted July 17, 2019 Report Share Posted July 17, 2019 I was just going to post gold is going up. Got into nem about 20 min ago. Nugt 3X gold miners etf. Don’t linger or hold overnight on the 3x etf’s Great trader for quick bursts 1 1 2 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted July 17, 2019 Report Share Posted July 17, 2019 2 minutes ago, Pitcher said: I was just going to post gold is going up. Got into nem about 20 min ago. Nugt 3X gold miners etf. Don’t linger or hold overnight on the 3x etf’s Great trader for quick bursts Thanks for the tip... 😎 B/A 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted July 17, 2019 Report Share Posted July 17, 2019 We found common ground. Haha. GOLD!!!! 3 Quote Link to comment Share on other sites More sharing options...
Spider Posted July 17, 2019 Report Share Posted July 17, 2019 Oh..... Cash House... 1 Quote Link to comment Share on other sites More sharing options...
Miamiheatnic Posted July 17, 2019 Report Share Posted July 17, 2019 Awesome news. Quote Link to comment Share on other sites More sharing options...
Artitech Posted July 17, 2019 Report Share Posted July 17, 2019 Coins ??? Quote Link to comment Share on other sites More sharing options...
bostonangler Posted July 17, 2019 Report Share Posted July 17, 2019 42 minutes ago, Pitcher said: We found common ground. Haha. GOLD!!!! Yes sir..... My opinion and that's all it is, I think a correction is coming because the markets are over bought... I see metals finally making a move... Silver is way undervalued considering the amount needed for solar etc.. B/A 2 1 2 Quote Link to comment Share on other sites More sharing options...
Shabibilicious Posted July 17, 2019 Report Share Posted July 17, 2019 Hey!.....a bank story not found in the Rumors Section....I Like It! GO RV, then BV 2 1 2 5 Quote Link to comment Share on other sites More sharing options...
Popular Post Laid Back Posted July 17, 2019 Popular Post Report Share Posted July 17, 2019 Iraq is on a transition from cash society to an electronic society. The national bank of iraq is ready with the latest cash counting machines that work in a precise and effective manner and provides a varied sorting of currencies very quickly, to manage all the chunky cash when the RV hits. just my opinion Go RV Go cash management Go $1:1 5 5 11 Quote Link to comment Share on other sites More sharing options...
3n1 Posted July 17, 2019 Report Share Posted July 17, 2019 nice thanks DWS112.... 1 Quote Link to comment Share on other sites More sharing options...
yusofsabri Posted July 17, 2019 Report Share Posted July 17, 2019 Great. They have moved one step forward. Quote Link to comment Share on other sites More sharing options...
screwball Posted July 17, 2019 Report Share Posted July 17, 2019 Thank god I have **** loads of shares in this bank! 1 Quote Link to comment Share on other sites More sharing options...
zul Posted July 18, 2019 Report Share Posted July 18, 2019 9 hours ago, DWS112 said: Since the beginning of the operation of the Monetary Department in mid-May, 11 million banknotes have been deposited in the equivalent of 110 billion Iraqi dinars and at the rate of 400 thousand sheets of cash per day and increasing continuously. 11 million banknotes = 110 billion dinar./ Roughly, on the average ~ 10,000 dinar per banknote. It looks like (from the 110 billion dinar deposited banknotes), they don't have that many 25k notes left in the market...... IF that is the case, CBI must have done a great job in reducing the amount of dinar in circulation (of which 25k dinar notes form the biggest part of the total money supply in Iraq). I have seen some gurus (esp. the loppers) saying ~ CBI never reduced the amount of dinar in circulation (as shown by the CBI's statistics ~ under currency in circulation); well....apparently they have been looking at the wrong statistics and at the wrong places.😂 All the notes collected (incl.25k notes), all the reductions of 'cash in circulation' are done by the banks in Iraq and (of course) these amount are reflected in CBI ~ as the bank reserves. That is why we never see reductions in CBI's 'currency in circulation'. **Bank reserves are a commercial bank's holdings of deposits in accounts with a central bank, plus currency that is physically held in the bank's vault. 2 8 Quote Link to comment Share on other sites More sharing options...
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