caper Posted September 12, 2020 Report Share Posted September 12, 2020 Has anyone thought of looking for another Iraqi Bank to transfer their IQD to, with better customer service Quote Link to comment Share on other sites More sharing options...
birelkart Posted September 12, 2020 Report Share Posted September 12, 2020 (edited) I don't think it's possible to transfer funds out of Warka at this time. Edited September 12, 2020 by birelkart Quote Link to comment Share on other sites More sharing options...
DoD Posted September 12, 2020 Report Share Posted September 12, 2020 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... 1 Quote Link to comment Share on other sites More sharing options...
haymon Posted September 13, 2020 Report Share Posted September 13, 2020 Anywhere but iraq.. Quote Link to comment Share on other sites More sharing options...
caper Posted September 13, 2020 Author Report Share Posted September 13, 2020 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 Quote Link to comment Share on other sites More sharing options...
caper Posted September 13, 2020 Author Report Share Posted September 13, 2020 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 Quote Link to comment Share on other sites More sharing options...
birelkart Posted September 13, 2020 Report Share Posted September 13, 2020 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. Quote Link to comment Share on other sites More sharing options...
jb4388 Posted September 19, 2020 Report Share Posted September 19, 2020 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. 1 Quote Link to comment Share on other sites More sharing options...
Longtimelurker Posted September 19, 2020 Report Share Posted September 19, 2020 Praying that your money is safe over there 🙏🙏🙏. Sounds like a scam to me but I don't have any info other than whats been posted on this chat. Insured up to 250 million? Thats unbelievable for a single account and not very much for the whole bank.. Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted September 19, 2020 Report Share Posted September 19, 2020 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,,, Quote Link to comment Share on other sites More sharing options...
caper Posted September 25, 2020 Author Report Share Posted September 25, 2020 On 9/13/2020 at 9:00 AM, birelkart said: 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. Would you please provide more info on access to Breitling Audio Quote Link to comment Share on other sites More sharing options...
birelkart Posted September 25, 2020 Report Share Posted September 25, 2020 25 minutes ago, caper said: Would you please provide more info on access to Breitling Audio 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. Quote Link to comment Share on other sites More sharing options...
birelkart Posted September 25, 2020 Report Share Posted September 25, 2020 47 minutes ago, caper said: Would you please provide more info on access to Breitling Audio https://bobthetaxman.net/warka-bank-link Quote Link to comment Share on other sites More sharing options...
coorslite21 Posted September 25, 2020 Report Share Posted September 25, 2020 On 9/13/2020 at 10:37 AM, caper said: Any suggestions on a good offshore bank You will find many offshore banks will not be open to individual US citizens....because of FATCA.....(thank you Obama) Singapore would be the better bet of the 2 mentioned above...but there is a great deal of research to do before you open, and participate, in any offshore bank account....JMO.. CL Quote Link to comment Share on other sites More sharing options...
caper Posted September 26, 2020 Author Report Share Posted September 26, 2020 19 hours ago, coorslite21 said: You will find many offshore banks will not be open to individual US citizens....because of FATCA.....(thank you Obama) Singapore would be the better bet of the 2 mentioned above...but there is a great deal of research to do before you open, and participate, in any offshore bank account....JMO.. CL Thank you CL, any relevant information you have on Singapore, regarding the opening of an offshore account for the inevitable (hopefully) transfer of IQD, to a denominational account in a Singapore Bank would be greatly appreciated !!!! Quote Link to comment Share on other sites More sharing options...
screwball Posted September 28, 2020 Report Share Posted September 28, 2020 Money will be lucky to survive in warka....people should have transferred their money out years ago like I did.. Quote Link to comment Share on other sites More sharing options...
screwball Posted September 28, 2020 Report Share Posted September 28, 2020 On 9/27/2020 at 12:55 AM, caper said: Thank you CL, any relevant information you have on Singapore, regarding the opening of an offshore account for the inevitable (hopefully) transfer of IQD, to a denominational account in a Singapore Bank would be greatly appreciated !!!! Singapore is easy....hsbc.... Quote Link to comment Share on other sites More sharing options...
screwball Posted September 28, 2020 Report Share Posted September 28, 2020 On 9/13/2020 at 8:51 AM, 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... Good choice.... Quote Link to comment Share on other sites More sharing options...
screwball Posted September 28, 2020 Report Share Posted September 28, 2020 On 9/13/2020 at 12:21 AM, birelkart said: I don't think it's possible to transfer funds out of Warka at this time. Correct... Quote Link to comment Share on other sites More sharing options...
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