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CBI News 09/26/2019


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The Central Bank establishes a unified database of the banking system in the Kurdistan Region

 

money.jpg

 

 

 2019/09/26 04:10:35

 

The Central Bank of Iraq established a database of the banking system (ICBS) in its branch in Erbil, capital of the Kurdistan region in a move to consolidate the main database in Baghdad and other branches.

The bank said in a statement on Thursday that it is possible to implement remittances in the payment system (RTGS) made by banks to their accounts in the branch of Erbil and Basra directly, while the accounting department in this bank is currently working towards linking the database with the branch of Mosul, it is hoped Completion before the end of the year.

https://www.shafaaq.com/ar/اقتصـاد/البنك-المركزي-ي-نشئ-قاعدة-بيانات-موح-دة-للنظام-المصرفي-في-اقليم-كوردستان/

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  • yota691 changed the title to CBI News 09/26/2019
 
  
 September 26, 2019
The Central Bank establishes a unified database for the banking system between its branches and the Center

 



The Central Bank of Iraq established a database for the banking system (ICBS) in its branch in Erbil in a move to consolidate the main database in Baghdad and other branches.
 
This bank confirms that the remittances in the payment system (RTGS)  made by banks to their accounts in Erbil and Basra branch can be carried out directly and in real time, while the accounting department in this bank is currently working towards linking the database with the Mosul branch, and it is hoped that they will be completed before End of the year .
 
Central Bank of Iraq
information Office
2019/9/26
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8550.jpg
Central Bank of Iraq
  

 Banks


Economy News - Baghdad

The Central Bank of Iraq said on Thursday that it has established a database of the banking system ( ICBS ) in its branch in Erbil, pointing out that it "a step aimed at consolidating the main database in Baghdad and other branches."

The Central Bank in a statement received by the "Economy News", that "it is possible to implement financial transfers in the system of payments ( RTGS ) by banks to their accounts in the branch of Erbil and Basra directly and in real time."

He added that "the Department of Accounting is currently working towards linking the database with the branch of Mosul, and it is hoped to be completed before the end of this year."


Views: 25   Date Added: 26/09/2019

 
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23 minutes ago, yota691 said:
 
8550.jpg
Central Bank of Iraq
  

 Banks


Economy News - Baghdad

The Central Bank of Iraq said on Thursday that it has established a database of the banking system ( ICBS ) in its branch in Erbil, pointing out that it "a step aimed at consolidating the main database in Baghdad and other branches."

The Central Bank in a statement received by the "Economy News", that "it is possible to implement financial transfers in the system of payments ( RTGS ) by banks to their accounts in the branch of Erbil and Basra directly and in real time."

He added that "the Department of Accounting is currently working towards linking the database with the branch of Mosul, and it is hoped to be completed before the end of this year."


Views: 25   Date Added: 26/09/2019

 


Interesting...Yota, do you think this could be a hold-up?

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Release date:: 2019/29 12:10 • 111 times read
The Central Bank establishes a unified database for the banking system between its branches and the Center
The Central Bank of Iraq, the establishment of a database of the banking system {ICBS} in its branch in Erbil in a move to consolidate the main database in Baghdad and other branches.
A statement to inform the Central Bank received a copy of the agency (Euphrates News) that "this bank confirmed that it is possible to carry out remittances in the system of payments (RTGS) by the banks to their accounts in the branch of Erbil and Basra directly and in real time."
He pointed out that the accounting department in this bank is currently working towards linking the database with the Mosul branch and it is hoped to be completed before the end of this year.
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The Central Bank of Iraq, the establishment of a database of the banking system {ICBS} in its branch in Erbil in a move to consolidate the main database in Baghdad and other branches.
A statement to inform the Central Bank received a copy of the agency (Euphrates News) that "this bank confirmed that it is possible to carry out remittances in the system of payments (RTGS) by the banks to their accounts in the branch of Erbil and Basra directly and in real time."
He pointed out that the accounting department in this bank is currently working towards linking the database with the Mosul branch and it is hoped to be completed before the end of this year.”
 
ICBS: integrated computerized Banking System 
The Integrated Computerized Banking System (ICBS) is a modular banking systemowned by BML Istisharat, the software covering Branch, International and Back Office activities of a Bank. It includes Retail, Wholesale, Corporate, Trade Finance and other functions.
 
RTGS: Real Time Gross Settlement 
  • Real-time gross settlement (RTGS) is the continuous process of settling interbank payments on an individual order basis across the books of a central bank—as opposed to netting debits with credits at the end of the day.
  • Real-time gross settlement is generally employed for large-value interbank funds transfers.
  • RTGS systems are increasingly used by central banks worldwide and can help minimize the risk to high-value payment settlements among financial institutions.
 
CBI Baghdad is linked to CBI Branch in Erbil, next is the CBI Mosul Branch. To be completed before the end of the year.
 
I don’t see an RV happening before Integrated Computerize Banking System is completed. 
 
Looking forward to 1/1/2020
 
Go RV
Go $1:1
 
 
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48 minutes ago, WheresmyRV? said:

3 more months to go till January!

 

.... then we’ll have 2020 to work with. With passing of the FM Law and BIG talk of great things with the 2020 Budget , these fools better pony up with goods sharpish like in the 1st Qtr. of 2020. Enough is quite Enough ! 

I hope year 17 of my investment brings home the Bacon 🥓 in 1st Qtr. 2020. This has been a very long wait.

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7 minutes ago, horsesoldier said:

 

.... then we’ll have 2020 to work with. With passing of the FM Law and BIG talk of great things with the 2020 Budget , these fools better pony up with goods sharpish like in the 1st Qtr. of 2020. Enough is quite Enough ! 

I hope year 17 of my investment brings home the Bacon 🥓 in 1st Qtr. 2020. This has been a very long wait.

2020, 2021, 2022, 2023, 2024 and so on and so on and so on. 

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Carrillo, you are very smart and level headed...with always great advice. Now, some of us like to ***** and complain cause it's the American way, lol. For instance, I would say...Iraq, get your sh%t together and change that damn currency- quit your effin talking and do something! Just sayin. Been waiting long enough....lol

Seriously,  it does seem promising with China, etc.....we shall see.

I think everyone is just venting and frustrated with the process.

It will manifest at the right time. 

 

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3 hours ago, horsesoldier said:

 

.... then we’ll have 2020 to work with. With passing of the FM Law and BIG talk of great things with the 2020 Budget , these fools better pony up with goods sharpish like in the 1st Qtr. of 2020. Enough is quite Enough ! 

I hope year 17 of my investment brings home the Bacon 🥓 in 1st Qtr. 2020. This has been a very long wait.

Year 17 for me is Feb. :drunk:

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