Al-Rafidain gives "financial benefits" to those wishing to open an account

[alreis]

They can have my junky money and give me the benefit of trading IQD for XRP at

1 iqd : 3.22 xrp

[yota691]

 

 

8 hours ago, 3n1 said:

Thanks Yota i enjoy all the bank articles kinda gives a snapshot picture at times what the cbi is Planning cheers .

Your quite welcome 3n1... Great Insight with no guru mubo jumbo...Thanks 

 

 

8 hours ago, Dinarrock said:

The other reason Iraq wants as much dinar inside of the bank Pre RV and inside the bank is to reduce Iraq people fleeing the country and taking their currency outside of Iraq to cash in at a higher exchange and turning the currency into dollars or whatever! Again the Iraqi citizen will only benefit of getting much greater purchasing power!

Bingo Bingo Bingo!!! Well put, you Rock it Dinarrock!!! Please Read it again DV excellent summary by 3n1 and Dinarrock, spot on!!!

 

 

 

[yota691]

 

Iraqi deposits with banks increased by more than 15%

 

•  

 2020-12-02 02:29

 

Shafaq News / The Central Bureau of Statistics announced, on Wednesday, that citizens' deposits with banks increased by more than 15%, indicating that banks did not use the cash flow resulting from the increase in capital to provide banking facilities to investors.

 

In a report seen by Shafaq News Agency, the agency said, "Citizens' deposits at banks increased by 15.36% in the first quarter of 2020, compared to the fourth quarter of 2019, and they increased by 26.68% compared to the first quarter of 2019."

 

He added that "this high percentage is a clear indication of the success of the efforts of the Central Bank of Iraq in promoting financial inclusion through the resettlement of salaries and the use of electronic payment methods, especially for public sector employees in addition to the private sector, which led to an increase in the volume of deposits with banks and also led to an increase in credit." The banking sector is not exposed to a financial crisis in the short term.

 

He pointed out that "if the banking sector continues to improve in this way, it will have a greater role in supporting the national economy by providing cash."

 

The agency continued by saying, "Despite this, the banks did not take advantage of the cash flow resulting from the increase in capital to provide banking facilities to investors."

 

The agency recommended "reducing interest on loans to encourage investors to borrow from banks, as the prevalence factor of the interest rate of 8.21% is higher than the standard rate of 4%."

[yota691]

A Report Reveals The Iraqi Citizen's Lack Of Confidence In Iraqi Banks

On December 2, 2020

 

The Independent / - Follow-ups / Businessmen in Iraq suffer from weak banking systems, which leads them to resort to banks in neighboring countries in their international commercial dealings, while many citizens do not trust them and save their money in their homes.

 

"The Iraqi banking systems are now far from international standards," said economic expert and head of the Lawyers Union in Diwaniyah, Abbas Anid Ghanem.

 

According to Ghanem, the problems go back decades, and specifically to the 1990s, when the sanctions imposed on Saddam Hussein's regime caused the isolation of Iraq from the world.

After the US-led coalition invaded the country in 2003, widespread looting emptied banks of liquidity.

More than 70 banks have been established since then, but the sector as a whole has not developed.

The World Bank reported in 2018 that the three largest banks, namely Al-Rafidain, Al-Rasheed and Al-Iraqiya for state-owned trade, hold about 90 percent of the sector's assets.

The three public banks mainly pay the salaries of eight million Iraqi employees. But the state had to borrow from it due to the collapse in oil prices this year, which raised its domestic debt.

As for the director of the Al-Akhyyar Contracting Group, Adel Al-Salhi, the problem with public banks is that they are satisfied with "loans (to the state) and pay employees' salaries and are not interested in dealing with the trade sector and supporting businessmen."

This applies especially to the Rafidian and Rashid banks, and to a lesser extent to the Iraqi Trade Bank, which was established by the US Coalition Provisional Authority under the supervision of civil administrator Paul Bremer in 2003.

But Ghanem explains that “sectarian and partisan quotas in the political system and administrative and financial corruption are matters that have affected this banking institution,” which limited its role almost to lending to the government.

Banking facilities

Although the Iraqi Trade Bank is the only one that enables merchants to open credits, it “does not provide any banking facilities to us (businessmen), and asks us for guarantees with a very high value of up to 110 percent to provide a letter of guarantee only,” according to Al-Salhi.

This prompted the group of good guys for contracting to resort to banking services outside the country, like many companies that have come to rely on banks in Jordan, Turkey, Lebanon or even Iran to facilitate their dealings.

The issue is not only related to financial facilities, but also, according to Al-Salhi, to “transparency” in transactions and the provision of “special employees from within banks (…) according to the evaluation and work of the trader”, unlike Iraqi banks that “deal with us as employees in a dry manner.”

 

According to the World Bank, less than 5 percent of small and medium-sized enterprises obtained loans from local Iraqi banks, while most merchants and investors resorted to borrowing from family and friends.

Ghanem attributed this to the high value of interest that banks take, especially in investment projects. It ranges from seven to ten percent, while most of the world's advanced banks do not reach more than one percent.

Iraq was ranked 172 out of 190 countries classified in the World Bank's "ease of doing business index" report, just ahead of Afghanistan and war-torn Syria, despite it being the second crude producer in OPEC.

The problems of the Iraqi banking sector do not stop at the companies, as its services are not well received by citizens either.

Citizen confidence

World Bank figures indicate that only 23 percent of Iraqi families have an account with a financial institution, which is among the lowest in the Arab world. Those account holders are especially state employees whose salaries are distributed to public banks at the end of each month.

But salaries do not remain long in the accounts, as soon queues form in front of banks of employees who withdraw their salaries in cash and prefer to keep them in their homes, because of the weak confidence of Iraqis in banks.

Memories of bank looting and robbing during the 2003 invasion are still fresh in their minds, and many lost their savings.

Nabil Kadhim was one of the victims. After the bank was robbed, he told AFP, “I had a lot of difficulty getting my money back. This did not happen until years later, which made me lose confidence in the banks.

In addition, Kazem attributes his reluctance to keep his money in the bank due to the lack of electronic and card-based payment mechanisms in "buying and selling transactions, especially in large amounts dealings."

Kazem prefers to resort to the services of exchange offices or private banks to obtain financial transfers from abroad because it is "better and faster than government banks, but even more secure than them."

"The Iraqi banks do not allow depositing in dollars for savings purposes, and this causes a great loss of hard currency," explains the economic expert, Abbas Inid Ghanem.

This also reveals the lack of confidence in the local currency, as many citizens "convert their savings and money into dollars and hoard them in homes."

Ghanem notes that there is a paradox between official discourse and reality. "The state calls on citizens to deposit their savings in banks," while "it does not amend the laws of these banks and does not provide them with any basic services."

[yota691]

The home is safer, ".. Iraqis are losing confidence in local banks

•  Time: 12/02/2020 15:51:53
•  
•  Read: 2,327 times

  

{Baghdad: Al Furat News} Businessmen in Iraq suffer from weak banking systems, which drives them to resort to banks in neighboring countries in their international commercial dealings, while many citizens do not trust them and save their money in their homes.

"The Iraqi banking systems are now far from international standards," said economic expert and head of the Lawyers Union in Diwaniyah, Abbas Enaid Ghanem.
According to Ghanem, the problems go back decades, and specifically to the 1990s, when the sanctions imposed on Saddam Hussein's regime caused the isolation of Iraq from the world. After the US-led coalition entered the country in 2003, widespread looting emptied banks of liquidity. 
More than 70 banks have been established since then, but the sector as a whole has not developed. The World Bank reported in 2018 that the three largest banks, namely Al-Rafidain, Al-Rasheed and Al-Iraqiya for state-owned trade, hold about 90 percent of the sector's assets.  
No facilities.
The three public banks mainly pay the salaries of eight million Iraqi employees. But the state had to borrow from it due to the collapse in oil prices this year, which raised its domestic debt.  
As for the director of the Al-Akhyyar Contracting Group, Adel Al-Salhi, the problem with public banks is that they are satisfied with "loans (to the state) and pay employees' salaries and are not interested in dealing with the trade sector and supporting businessmen."
This applies especially to the Rafidain and Rashid banks, and to a lesser extent to the Iraqi Trade Bank, which was established by the US Coalition Provisional Authority under the supervision of the civilian governor Paul Bremer in 2003. But Ghanem explains that “sectarian and partisan quotas in the political system and administrative and financial corruption are matters that have affected this banking institution.” Its role was almost limited to lending to the government. 
Although the Iraqi Trade Bank is the only one that enables merchants to open credits, it “does not provide any banking facilities to us (businessmen), and asks us for guarantees with a very high value of up to 110 percent to provide a letter of guarantee only,” according to Al-Salhi. 
This prompted the group of good guys for contracting to resort to banking services outside the country, like many companies that have come to rely on banks in Jordan, Turkey, Lebanon or even Iran to facilitate their dealings. 
The issue is not only related to financial facilities, but also, according to Al-Salhi, to "transparency" in transactions and the provision of "special employees from within the banks (...) according to the evaluation and work of the merchant," unlike Iraqi banks that "deal with us as employees in a dry manner."
According to the World Bank, less than 5 percent of small and medium-sized enterprises obtained loans from local Iraqi banks, while most merchants and investors resorted to borrowing from family and friends.
Ghanem attributed this to the high value of interest that banks take, especially in investment projects, as it "ranges between seven to ten percent, while most of the world's advanced banks do not reach more than one percent."
Iraq ranked 172nd out of 190 countries classified in the "Ease of Doing Business Index" report issued by the World Bank, just ahead of Afghanistan and war-torn Syria, despite it being the second crude producer in OPEC. 
Money is at home 
. The problems of the Iraqi banking sector do not stop at companies, as its services are not popular with citizens either.
World Bank figures indicate that only 23 percent of Iraqi families have an account with a financial institution, which is among the lowest in the Arab world. Those account holders are especially state employees whose salaries are distributed to public banks at the end of each month. 
But salaries do not remain long in the accounts, as soon queues form in front of banks of employees who withdraw their salaries in cash and prefer to keep them in their homes, because of the weak confidence of Iraqis in banks. 
Memories of bank looting and robbing during the 2003 invasion are still fresh in their minds, and many lost their savings. 
Nabil Kazem was one of the victims. After robbing the banks, he says, "I found it very difficult to get my money back. It was only after years that I lost confidence in the banks." In addition, Kadhim attributes his reluctance to keep his money in the bank to the lack of electronic and card-based payment mechanisms in "buying and selling transactions, especially in large amounts transactions." 
Kazem prefers to resort to the services of exchange offices or private banks to obtain remittances from abroad because they are "better and faster than government banks, but even more secure than them." The economic expert, Abbas Inid Ghanem, explains that "Iraqi banks do not allow deposits in dollars for savings purposes, and this causes a great loss of hard currency." 
This also reveals the lack of confidence in the local currency, as many citizens "convert their savings and money into dollars and hoard them in homes." 
Ghanem notes that there is a paradox between official discourse and reality. "The state calls on citizens to deposit their savings in banks," while "it does not amend the laws of these banks and does not provide them with any basic services."
Forgiveness Al-Khalidi

 

 

[adhoc10]

On 11/5/2020 at 8:06 PM, yota691 said:

Pointing out that most of the debts service installments will be due during the current year and the coming years, which, according to estimates of the 2020 budget, amounted to about 14.5 trillion dinars, or about 12,233 billion.

 Dollars.

If a rate is calculated from these numbers in the this 2020 budget estimate, it comes out around.11853184 dinar to $1.00. This is just the math , it is not a published rate. feel free to do your own calculation, I am not sure about mine...

[rvmydinar]

8 hours ago, adhoc10 said:

it comes out around.11853184 dinar to $1.00.

$1=0.11853184 iqd. 1 iqd=8.4us dollar. Wow this is unbelievable. I amn't dreaming, am i. If this rate 8.4us really comes true one day, then i don't mind going running to the bank. This rate 8.4us is just enough for my retirement. Hopefully rv comes sooner and closer.

[yota691]

Report: Businessmen flee their money to international banks due to "lack of confidence" in Iraqi banks

2020-12-04

 

Yes Iraq: Follow up

Businessmen in Iraq suffer from weak banking systems, which drives them to resort to banks in neighboring countries in their international commercial dealings, while many citizens do not trust them and save their money in their homes.

 

"The Iraqi banking systems are far from international standards," says economist and head of the Lawyers Union in Diwaniyah, Abbas Anid Ghanem.

 

According to Ghanem, the problems go back decades, specifically to the 1990s, when the sanctions imposed on Saddam Hussein's regime caused the isolation of Iraq from the world.

 

After the US-led coalition invaded the country in 2003, widespread looting emptied banks of liquidity.

 

More than 70 banks have been established since then, but the sector as a whole has not developed.

 

The World Bank reported in 2018 that the three largest banks, namely Al-Rafidain, Al-Rasheed and Al-Iraqiya for state-owned trade, hold about 90 percent of the sector's assets.

 

The three public banks mainly pay the salaries of eight million Iraqi employees, but the state had to borrow from them following the collapse in oil prices this year, which raised its domestic debt.

 

For the director of the Al-Akhyyar Contracting Group, Adel Al-Salhi, the problem with public banks is that they are satisfied with "loans to the state and paying the salaries of employees and they are not interested in dealing with the trade sector and supporting businessmen."

 

This is especially true for the Rafidain and Rasheed banks, and to a lesser extent the Iraqi Trade Bank, which was established by the US Coalition Provisional Authority under the supervision of the civilian governor Paul Bremer in 2003.

 

But Ghanem explains that “sectarian and partisan quotas in the political system and administrative and financial corruption are matters that have affected this banking institution,” which almost limits its role in lending to the government.

 

Although the Iraqi Trade Bank is the only one that enables merchants to open credits, it “does not provide any banking facilities to us (businessmen), and asks us for guarantees with a very high value of up to 110 percent to provide a letter of guarantee only,” according to Al-Salhi.

 

This prompted the group of good guys for contracting to resort to banking services outside the country, like many companies that have come to rely on banks in Jordan, Turkey, Lebanon or even Iran to facilitate their dealings.

 

The issue is not only about financial facilities, but also, according to Salhi, "transparency" in transactions and providing "special employees from within the banks according to the evaluation and work of the trader", unlike Iraqi banks that "deal with us as employees in a dry manner."

 

According to the World Bank, less than 5 percent of small and medium-sized enterprises obtained loans from local Iraqi banks, while most merchants and investors resorted to borrowing from family and friends.

 

Ghanem attributed this to the high value of interest that banks take, especially in investment projects. It ranges from seven to ten percent, while most of the world's advanced banks do not reach more than one percent.

 

Iraq was ranked 172 out of 190 countries classified in the World Bank's "ease of doing business index" report, just ahead of Afghanistan and war-torn Syria, despite it being the second crude producer in OPEC.

 

The problems of the Iraqi banking sector do not stop at the companies, as its services are not well received by citizens either.

 

World Bank figures indicate that only 23 percent of Iraqi families have an account with a financial institution, which is among the lowest in the Arab world. Those account holders are especially state employees whose salaries are distributed to public banks at the end of each month.

 

But salaries do not remain long in the accounts, as soon lines form in front of banks of employees who withdraw their salaries in cash and prefer to keep them in their homes, due to the lack of confidence of Iraqis in banks.

 

Memories of bank looting and robbing during the 2003 invasion are still fresh in their minds, and many lost their savings.

 

Nabil Kazem was one of the victims. After robbing the banks, he says, “I had a lot of difficulty getting my money back. This did not happen until years later, which made me lose confidence in the banks.

 

In addition, Kadhim attributes his reluctance to keep his money in the bank to the lack of electronic and card-based payment mechanisms in "buying and selling transactions, especially in large amounts transactions."

 

Kazem prefers to resort to the services of exchange offices or private banks to obtain financial transfers from abroad because it is "better and faster than government banks, but even more secure than them."

 

"The Iraqi banks do not allow depositing in dollars for savings purposes, and this causes a great loss of hard currency," explains the economic expert, Abbas Inid Ghanem.

 

This also reveals the lack of confidence in the local currency, as many citizens "convert their savings and money into dollars and hoard them in homes."

 

Ghanem notes that there is a paradox between official discourse and reality. "The state calls on citizens to deposit their savings in banks," while "it does not amend the laws of these banks and does not provide them with any basic services."

 

Source: AFP

[screwball]

7 hours ago, yota691 said:

Report: Businessmen flee their money to international banks due to "lack of confidence" in Iraqi banks

2020-12-04

 

Yes Iraq: Follow up

Businessmen in Iraq suffer from weak banking systems, which drives them to resort to banks in neighboring countries in their international commercial dealings, while many citizens do not trust them and save their money in their homes.

 

"The Iraqi banking systems are far from international standards," says economist and head of the Lawyers Union in Diwaniyah, Abbas Anid Ghanem.

 

According to Ghanem, the problems go back decades, specifically to the 1990s, when the sanctions imposed on Saddam Hussein's regime caused the isolation of Iraq from the world.

 

After the US-led coalition invaded the country in 2003, widespread looting emptied banks of liquidity.

 

More than 70 banks have been established since then, but the sector as a whole has not developed.

 

The World Bank reported in 2018 that the three largest banks, namely Al-Rafidain, Al-Rasheed and Al-Iraqiya for state-owned trade, hold about 90 percent of the sector's assets.

 

The three public banks mainly pay the salaries of eight million Iraqi employees, but the state had to borrow from them following the collapse in oil prices this year, which raised its domestic debt.

 

For the director of the Al-Akhyyar Contracting Group, Adel Al-Salhi, the problem with public banks is that they are satisfied with "loans to the state and paying the salaries of employees and they are not interested in dealing with the trade sector and supporting businessmen."

 

This is especially true for the Rafidain and Rasheed banks, and to a lesser extent the Iraqi Trade Bank, which was established by the US Coalition Provisional Authority under the supervision of the civilian governor Paul Bremer in 2003.

 

But Ghanem explains that “sectarian and partisan quotas in the political system and administrative and financial corruption are matters that have affected this banking institution,” which almost limits its role in lending to the government.

 

Although the Iraqi Trade Bank is the only one that enables merchants to open credits, it “does not provide any banking facilities to us (businessmen), and asks us for guarantees with a very high value of up to 110 percent to provide a letter of guarantee only,” according to Al-Salhi.

 

This prompted the group of good guys for contracting to resort to banking services outside the country, like many companies that have come to rely on banks in Jordan, Turkey, Lebanon or even Iran to facilitate their dealings.

 

The issue is not only about financial facilities, but also, according to Salhi, "transparency" in transactions and providing "special employees from within the banks according to the evaluation and work of the trader", unlike Iraqi banks that "deal with us as employees in a dry manner."

 

According to the World Bank, less than 5 percent of small and medium-sized enterprises obtained loans from local Iraqi banks, while most merchants and investors resorted to borrowing from family and friends.

 

Ghanem attributed this to the high value of interest that banks take, especially in investment projects. It ranges from seven to ten percent, while most of the world's advanced banks do not reach more than one percent.

 

Iraq was ranked 172 out of 190 countries classified in the World Bank's "ease of doing business index" report, just ahead of Afghanistan and war-torn Syria, despite it being the second crude producer in OPEC.

 

The problems of the Iraqi banking sector do not stop at the companies, as its services are not well received by citizens either.

 

World Bank figures indicate that only 23 percent of Iraqi families have an account with a financial institution, which is among the lowest in the Arab world. Those account holders are especially state employees whose salaries are distributed to public banks at the end of each month.

 

But salaries do not remain long in the accounts, as soon lines form in front of banks of employees who withdraw their salaries in cash and prefer to keep them in their homes, due to the lack of confidence of Iraqis in banks.

 

Memories of bank looting and robbing during the 2003 invasion are still fresh in their minds, and many lost their savings.

 

Nabil Kazem was one of the victims. After robbing the banks, he says, “I had a lot of difficulty getting my money back. This did not happen until years later, which made me lose confidence in the banks.

 

In addition, Kadhim attributes his reluctance to keep his money in the bank to the lack of electronic and card-based payment mechanisms in "buying and selling transactions, especially in large amounts transactions."

 

Kazem prefers to resort to the services of exchange offices or private banks to obtain financial transfers from abroad because it is "better and faster than government banks, but even more secure than them."

 

"The Iraqi banks do not allow depositing in dollars for savings purposes, and this causes a great loss of hard currency," explains the economic expert, Abbas Inid Ghanem.

 

This also reveals the lack of confidence in the local currency, as many citizens "convert their savings and money into dollars and hoard them in homes."

 

Ghanem notes that there is a paradox between official discourse and reality. "The state calls on citizens to deposit their savings in banks," while "it does not amend the laws of these banks and does not provide them with any basic services."

 

Source: AFP

World Bank figures indicate that only 23 percent of Iraqi families have an account with a financial institution, 

[screwball]

Looks like they need a good rate to bring in all the cash high rate of banking interest and deposit protection 

[screwball]

1qd :8.4 usd? Is this possible? Based on figures? 

[gregp]

1 hour ago, screwball said:

1qd :8.4 usd? Is this possible? Based on figures? 

I just double checked my math and 8.4 USD would be perfect for me. 

[DinarDavo]

1 hour ago, gregp said:

I just double checked my math and 8.4 USD would be perfect for me. 

 

Roger that.

[horsesoldier]

9 hours ago, gregp said:

I just double checked my math and 8.4 USD would be perfect for me. 

If 8.4USD were to be realized, I’d best lay on a case of “ Depends “ just in case: until I can get a grip on this new reality.

[bkeiller]

On 12/3/2020 at 9:09 AM, adhoc10 said:

If a rate is calculated from these numbers in the this 2020 budget estimate, it comes out around.11853184 dinar to $1.00. This is just the math , it is not a published rate. feel free to do your own calculation, I am not sure about mine...

 

So, if a dollar buys 11 (almost 12) dinars, a dinar would be worth under 9 cents.

 

So, we are close to Adam's speculation that a dinar could rv around 10 cents each?

 

[rvmydinar]

8 hours ago, bkeiller said:

 

" it comes out around.11853184 dinar to $1.00 ".

 

So, if a dollar buys 11 (almost 12) dinars, a dinar would be worth under 9 cents.

 

So, we are close to Adam's speculation that a dinar could rv around 10 cents each?

 

if $1=11 iqd, 1 iqd=0.09 us. and this is close to 0.10, this is according to adam's speculation.

but according adhoc10, $1=0.11853184 iqd ( =11 cents iqd / less than 1 iqd ). therefore, 1 iqd=8.4 us. wow that's why i hope this rate =8.4 us really comes and we all are very happy. . nothing is impossible. impossible can be possible. come rv.

[yota691]

Al-Rasheed announces his interest rate for citizens' savings accounts in the bank

•  Time: 12/07/2020 10:27:11
•  
•  Read: 2,951 times

  

{Baghdad: Al Furat News} Al-Rasheed Bank announced, on Monday, that citizens will be granted 3.5% interest in exchange for depositing their money with the bank.

"The interest is given at the end of each month on the balance, and the interest is added upon closure at the end of the year for all mobile and non-moving accounts," the bank said in a press release.
The bank called on "all citizens who wish to open an account to review its branches in Baghdad and the governorates, accompanied by documents and personal photos," indicating that "these funds are returned to their owners when they are requested."
Ali al-Rubaie

[yota691]

Al Rasheed Bank: Granting 3.5% interest ؜ on saving accounts at the end of each month

 

Banks Economy News _ Baghdad Al-Rasheed Bank announced today, Monday, that it will grant citizens interest of 3.5% in return for depositing their money with the bank. "The interest is given at the end of each month on the balance, and the interest is added upon closing at the end of the year for all mobile and non-moving accounts," the media office said in a statement. The bank called "all citizens who wish to open a savings account to review its branches in Baghdad and the provinces, accompanied by documents and personal photos," stressing that "these funds are returned to their owners when they are requested." According to the Central Bank of Iraq, there is a large percentage of the money hoarded in homes and not invested, indicating that 77% of the Iraqi currency circulating in the market is hoarded in the homes of citizens.

Number of observations 82   Date added: 12/07/2020

[rvmydinar]

On 12/6/2020 at 4:09 PM, screwball said:

1qd :8.4 usd? 

It is like 1:1190=0.00084 us, then deleting 4 zeroes=8.4 us. Nothing is impossible. Impossible can be possible. I wish rv will happen in december 2020. Come rv.

[screwball]

13 hours ago, rvmydinar said:

It is like 1:1190=0.00084 us, then deleting 4 zeroes=8.4 us. Nothing is impossible. Impossible can be possible. I wish rv will happen in december 2020. Come rv.

its possible...anything is possible! can they cover it yes they can....will dinar outside the country make it back to Iraq, NO!!!!!

[screwball]

LOPSTERS are retards

[rvmydinar]

3 minutes ago, screwball said:

its possible...anything is possible! can they cover it yes they can....will dinar outside the country make it back to Iraq, NO!!!!!

i agree with you. anything is possible. when the time is right, rv will happen and noone can stop it. hopefully sooner and closer.

[rvmydinar]

1 hour ago, screwball said:

LOPSTERS are retards

if iraq wants to lop, iraq could have done it a long time ago. why has iraq had to wait almost 17 years just to lop? i don't think so. so if iraq wants to lop, the answer is absolutely no. if iraq likes to delay delay and delay ( their habits ), the answer may be yes. but hopefully, this time iraq will move faster and faster since minister of finance and the imf will determine the exchange rate. i believe the imf will push iraq to move faster and faster to determine the exchange rate. come rv sooner and closer.

[alreis]

Since the global elite like to test things before they implement, I think Iraq would be a great testing ground for a currency overhaul.

Go for it IMF.

[yota691]

Al-Rafidain: We are continuing to open accounts for citizens to deposit their money and obtain interest
12/11/2020071

 

Al-Rafidain Bank announced today, Friday, that it will continue opening accounts for citizens and other segments to deposit their money in the bank.
The media office of the bank said, in a statement received by al-Rasheed, that "the bank continues to open accounts (savings and current) for citizens and deposit their money in exchange for interest."
The bank called on citizens to "visit the bank branches for the purpose of viewing the special instructions and placing their money in the bank and not hoarding it in homes in light of the positive benefits set by the bank in return for that."