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Finding an alternative Iraqi Bank


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15 hours ago, DoD said:

If I could transfer my money from Warka Bank it damn sure wouldn’t be to another Iraqi bank, it would be to a bank in Belize or Singapore...

Which of the two would be a better choice

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15 hours ago, DoD said:

If I could transfer my money from Warka Bank it damn sure wouldn’t be to another Iraqi bank, it would be to a bank in Belize or Singapore...

Any suggestions on a good offshore bank

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1 minute ago, caper said:

Which of the two would be a better choice

Regarding your funds in Warka, it really doesn't matter. We all made the decision to take a chance  on future growth by opening an account at Warka Bank. It's been a hard pill to swallow. but we knew it was a "long" range play and our funds are still there, we just can't do anything with them. As multiple sources have said, Warka is revamping their system and we should see a change in 2021. In the latest Breitling audio, Bob went so far as to say he has spoken with his contacts and was assured that the funds are secure and the revamp is under way. We shall see. 

 

I don't know about anyone else, but my choice was influenced by Breitling. At the time, and still to this day it makes perfect sense. It's just been a painful experience. We were told early on that this was a "shoebox"  investment and that it would take time and we had no control over the timeline. 

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On 9/13/2020 at 11:00 AM, birelkart said:

As multiple sources have said, Warka is revamping their system and we should see a change in 2021. In the latest Breitling audio, Bob went so far as to say he has spoken with his contacts and was assured that the funds are secure and the revamp is under way. We shall see.

From Bob's website giving the same info...

Based on recent communications:

 

Al-Warka Bank is functioning in multiple cities at the moment.

The central bank in Baghdad handles the foreign customer accounts.

The bank is currently insured for $250 million dollars.

Because of the current situation and awaiting funds from the CBI, any updates on the website or further communication with outside investors is paused until early next year.

Access to foreign accounts can only be done in person.

KEY TAKEAWAY

Your funds are OK and insured.

Communications and update on the website are on hold until next year.

Do not continue to attempt communication with Mohammad Issa for now.

 

  • Confused 1
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12 hours ago, jb4388 said:

From Bob's website giving the same info...

Based on recent communications:

 

Al-Warka Bank is functioning in multiple cities at the moment.

The central bank in Baghdad handles the foreign customer accounts.

The bank is currently insured for $250 million dollars.

Because of the current situation and awaiting funds from the CBI, any updates on the website or further communication with outside investors is paused until early next year.

Access to foreign accounts can only be done in person.

KEY TAKEAWAY

Your funds are OK and insured.

Communications and update on the website are on hold until next year.

Do not continue to attempt communication with Mohammad Issa for now.

 

Yet local Iraqis state that there are NO Warka banks open ANYWHERE at the moment in Iraq,,,

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