yota691 Posted October 18, 2019 Report Share Posted October 18, 2019 Rafidain announces the opening of documentary credits for ministries, traders, public and private sectors Economie 2019-10-18 | 02:47 Source: Alsumaria News 2,211 views Rafidain Bank announced on Friday the opening of documentary credits to the ministries of state and traders and public and private sector companies and soft commissions. The bank's media office said in a statement received by Alsumaria News, "The bank is ready to receive requests to open documentary credits to traders and the public and private sectors in financing foreign trade." He explained that the opening of the documentary credit for traders who import, export, ship and take out their goods if they comply with the legal conditions is easy in the bank as the Rafidain Bank is a government entity and therefore the completion of the letter of opening the letter of credit is according to the rapid procedures different from other banks. 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 18, 2019 Author Report Share Posted October 18, 2019 2019/10/18 10:02:39 AM 86 Rafidain Bank announces the opening of documentary credits for ministries and traders Baghdad / Al-Ghad Press: Rafidain Bank announced on Friday the opening of documentary credits to the ministries of state and traders and public and private sector companies and soft commissions. "The bank is ready to receive applications to open documentary credits for traders and the public and private sectors in financing foreign trade," the bank said in a statement. He explained that the opening of the documentary credit for traders who import, export, ship and take out their goods if they comply with the legal conditions is easy in the bank as the Rafidain Bank is a government entity and therefore the completion of the letter of opening the letter of credit is according to the rapid procedures different from other banks. 1 1 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted October 18, 2019 Report Share Posted October 18, 2019 Very good news.! Documentary credit is payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Getting ready for international trade Go CBI Go dinar Go international Go trade 1 4 2 2 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted October 18, 2019 Report Share Posted October 18, 2019 Seeing as how we are down to about 😜10 people posting anymore...... I would say they’ve shaken out who they can and it is officially the hush before the storm. We might just get to our destination in the coming days 2 Quote Link to comment Share on other sites More sharing options...
md11fr8dawg Posted October 19, 2019 Report Share Posted October 19, 2019 I certainly hope so NEP. 1 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted October 19, 2019 Report Share Posted October 19, 2019 6 minutes ago, md11fr8dawg said: I certainly hope so NEP. 🤞my sanity needs it..... I keep telling myself I’m not crazy for staying this long lol 2 3 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted October 19, 2019 Report Share Posted October 19, 2019 49 minutes ago, NEPatriotsFan1 said: 🤞my sanity needs it..... I keep telling myself I’m not crazy for staying this long lol On the other hand ....we’re all crazy or we wouldn’t be here 🤪 1 1 Quote Link to comment Share on other sites More sharing options...
dinareffic Posted October 19, 2019 Report Share Posted October 19, 2019 Why is this not getting more attention. Great news. 1 Quote Link to comment Share on other sites More sharing options...
Donziman Posted October 19, 2019 Report Share Posted October 19, 2019 NEPatriot "in the coming days" omg you have drank the cool-aid lol 4 Quote Link to comment Share on other sites More sharing options...
jake21 Posted October 19, 2019 Report Share Posted October 19, 2019 Agree Dman, we're months away still Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 19, 2019 Author Report Share Posted October 19, 2019 Mesopotamia announces the opening of documentary credits to the ministries of state and traders and the public and private sectors Economy | 10:01 - 18/10/2019 BAGHDAD - Rafidain Bank announced, on Friday, the opening of documentary credits to the ministries of state and merchants and public and private companies in soft commissions. The bank said in a statement received (Mawazine News), a copy of it, "it is ready to receive applications to open letters of credit for traders and the public and private sectors in the financing of foreign trade." He added, "Opening L / C for traders who import, export, ship and take out their goods if they comply with the legal conditions is an easy way for the bank as a government entity, and therefore the completion of the letter of opening L / C is in accordance with rapid procedures different from other banks." 29 BC 2 2 Quote Link to comment Share on other sites More sharing options...
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