Banking official: New instructions will be issued by the Central Bank on remittances and credits

[yota691]

The International Islamic Bank launches the documentary credit service for the government sector

Expenses
   

Economy News-Baghdad
On Saturday, the Managing Director of the International Islamic Bank, Suha Al-Kafai, announced the launch of the documentary credits service for the government sector.

 

Al-Kafai said in a statement, "The International Islamic Bank has started providing the service of documentary credits with a package of electronic banking services and electronic collection for the government sector, according to the conditions and controls, and its implementation of international standards, and according to the approval of the Central Bank of Iraq."

 

She added, "These services will achieve great, distinguished and qualitative achievements. For the first time, electronic control and oversight and electronic auditing of government balances via computer and in real time."

 

Al-Kafaei pointed out that "the new procedures will promote speed, accuracy, security, access to government balances, and the arrival of an SMS message for each withdrawal and deposit with the financial department."

 

 

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Views 151

Added 01/28/2023 - 12:31 PM

Updated 01/28/2023 - 6:03 PM

[6ly410]

Banking official: New instructions will be issued by the Central Bank on remittances and credits

 

Al-Eqtessad News Agency - Banking official: New instructions will be launched by the Central Bank on remittances and credits (economy-news.net)

 

 

Economy News-Baghdad
The Managing Director of the International Islamic Bank, Suha Al-Kafaei, revealed on Tuesday the imminent issuance of new instructions from the Central Bank on the ceilings of remittances and credit mechanisms.

Al-Kafa'i told "Economy News" Chairman of the Board of Directors and Managing Director of the International Islamic Bank attended the meeting with the Deputy Governor of the Central Bank and the Advisor, in the presence of the general managers and other invited banks.

"Consultations were held in the instructions that will be issued soon on the ceilings of remittances and the mechanism of credits and simplification of procedures in order to facilitate international trade services for traders of all kinds (individuals and companies) and the launch of credits and transfers according to specific ceilings in a way that regulates the new banking work for the next stage and the approval of the trader's deposit in dinars to the private bank and the receipt of dollars according to the bank address (open number) in favor of the bank account in the country from which it is imported."

 

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Views 123

Added 2023/01/31 - 11:33 AM

Update 2023/01/31 - 2:12 PM

[yota691]

The Central Bank will soon adopt the merchant’s deposit in dinars and the receipt of dollars according to the bank address

2023-01-31 04:33

 

 

Shafaq News/ Suha Al-Kafai, Managing Director of the International Islamic Bank announced, on Tuesday, that the Central Bank of Iraq will soon approve the merchant's deposit in dinars and receipt of the dollar according to the bank address in the country from which it is imported.

The Islamic Bank stated in a statement that the Chairman of the Board of Directors and Managing Director of the International Islamic Bank attended the meeting with the Deputy Governor of the Central Bank and the Consultant, and in the presence of the general managers and other invited banks.

 

 

 

According to the statement, the instructions that will be issued soon regarding the ceilings of transfers and the mechanism of credits have been consulted and procedures have been simplified in order to facilitate international trade services for merchants of all kinds (individuals and companies), and the issuance of credits and transfers according to specific ceilings to regulate the new banking work for the next stage and approving the merchant’s deposit in dinars to the bank Private and receive a dollar according to the bank address (Ibn number) in favor of the bank account in the country from which it was imported.

Yesterday, Monday, an informed source told Shafaq News agency that the Central Bank of Iraq will hold an "important meeting" today, Tuesday, regarding the crisis of the dollar's high exchange rate in the local market.

 

Meanwhile, the Chairman of the Finance Committee, Atwan Al-Atwani, met, in the presence of the members of the committee, today, Tuesday, the Governor of the Central Bank, Ali Mohsen Al-Alaq, at the committee’s headquarters.

According to a statement issued by the Media Office of the House of Representatives, during the meeting, the issue of the fluctuation of the exchange rate of the Iraqi dinar against the dollar was discussed, and the possibility of controlling it to preserve the market, as well as discussing its repercussions on citizens and the steps of the Central Bank and the procedures followed by it.

 

The price of the dollar against the dinar rose in an unprecedented way recently due to the measures imposed by the United States of America to limit currency smuggling from Iraq.

 

The Central Bank of Iraq announced, on Monday, January 19, a package of decisions that would restore the foreign currency market to its normal position after the rise in it.

The decisions included the following paragraphs:

 

1- Allowing the banks participating in the foreign currency buying and selling window to buy any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and pay interest / returns on those balances according to what this bank decides.

 

2- Facilitating the financing of private sector trade through Iraqi banks and meeting the demand for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar, and others).

 

3- Opening outlets for selling foreign currency in government banks to the public for travel purposes (treatment, Hajj Umrah, study, etc.)

 

4- Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455) dinars to the dollar instead of (1460) dinars to the dollar.

[yota691]

Banking official: New instructions will be launched by the Central Bank regarding financial transfers and credits

money and business
   

Economy News-Baghdad
On Tuesday, the Managing Director of the International Islamic Bank, Suha Al-Kafai, revealed that new instructions from the Central Bank regarding ceilings for financial transfers and credit mechanisms are imminent.

 

Al-Kafai told Al-Eqtisad News, “The Chairman of the Board of Directors and Managing Director of the International Islamic Bank attended the meeting with the Deputy Governor of the Central Bank and the advisor, and in the presence of the general managers and other invited banks.”

 

The instructions that will be issued soon on the ceilings of transfers and the mechanism of credits have been consulted, and the procedures have been simplified in order to facilitate international trade services for merchants of all kinds (individuals and companies), and the issuance of credits and transfers according to specific ceilings, in a way that regulates the new banking work for the next stage, and approving the merchant’s deposit in dinars to the private bank and receiving dollars According to the bank address (IBN number) in favor of the bank account in the importing country.

 

 

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Observations 161

Added 01/31/2023 - 11:33 AM

Updated 01/31/2023 - 5:09 PM

[yota691]

A proposal to enhance the balances of Iraqi banks externally by 20%

Economical  2023/02/01

 

 

 Baghdad: Hussein Thaghb Al-Tamimi 

 

Voices are rising calling for finding mechanisms to maintain the return of stability of the exchange rate at the official level, at a time when an economist suggested heading to strengthen the balance of Iraqi banks outside Iraq.

 

Haider Kazem al-Baghdadi, a specialist in economic affairs, believes in an interview with “Al-Sabah” that “strengthening the balances of Iraqi banks abroad by 20% with correspondent banks, to be based on the start of withdrawing and operating credits that achieves liquidity for the Central Bank of Iraq, and also provides the dollar currency in the markets.”

 

And he said: “The procedure is conditional on documentary credits only, and that the deposit be before the process of issuing the credit, provided that” the role of the central bank is to monitor the balances of foreign banks periodically for the purpose of continuing this mechanism and according to instructions in this regard to ensure the flow of funds in the direction set for them to serve the local market.

 

It is noteworthy that among the instructions of the Central Bank of Iraq regarding banks is to allow the bank to use 20% of the capital outside Iraq with correspondent banks, especially since the capital of each bank is 250 billion dinars, equivalent to 172 million dollars.

 

The specialist in economic affairs, Silwan Al-Nouri, said: “The reality of the situation in which the country is going through requires the presence of the Central Bank and the commercial private sector at one table to discuss mechanisms for preserving local markets, after some private banks publicly pledged to cover commercial operations at a price of 1470, and here it is necessary to work as a team One joint action in order to protect the Iraqi family from the effects of price fluctuations in the local markets.”

 

In addition, Suha Al-Kafai, Managing Director of the International Islamic Bank, announced that the Central Bank of Iraq will soon approve the merchant’s deposit in dinars and receive the dollar according to the bank address in the country from which it was imported.

 

And she added, in a statement, that “the instructions that will be issued soon about the ceilings of transfers and the mechanism of credits and the simplification of procedures in order to facilitate international trade services for merchants of all kinds (individuals and companies), and the issuance of credits and transfers according to specific ceilings in a way that regulates the new banking work for the next stage and approving the merchant’s deposit in dinars to the private bank.” A dollar is received according to the bank address (Ibn Number) in favor of the bank account in the country from which it was imported.

[yota691]

The dollar crisis.. A proposal to strengthen the balances of Iraqi banks externally by 20%

2023.02.01 - 09:17

 

Baghdad - people  

Voices are rising calling for finding mechanisms to maintain the return of stability of the exchange rate at the official level, at a time when an economist suggested heading to strengthen the balance of Iraqi banks outside Iraq.  

  

  

  

And the specialist in economic affairs, Haider Kazem Al-Baghdadi, believes that "strengthening the balances of Iraqi banks abroad by 20% with correspondent banks to be based on the start of withdrawing and operating credits that achieves liquidity for the Central Bank of Iraq, and also provides the dollar currency in the markets."  

  

And he said: “The procedure is conditional on documentary credits only, and that the deposit be before the process of issuing the credit, provided that” the role of the central bank is to monitor the balances of foreign banks periodically for the purpose of continuing this mechanism and according to instructions in this regard to ensure the flow of funds in the direction set for them to serve the local market.  

  

It is noteworthy that among the instructions of the Central Bank of Iraq regarding banks is to allow the bank to use 20% of the capital outside Iraq with correspondent banks, especially since the capital of each bank is 250 billion dinars, equivalent to 172 million dollars.  

  

The specialist in economic affairs, Silwan Al-Nouri, said: “The reality of the situation in the country requires the presence of the Central Bank and the commercial private sector at one table to discuss mechanisms for preserving local markets, after some private banks publicly pledged to cover commercial operations at a price of 1470, and here it is necessary to work in a team One joint action in order to protect the Iraqi family from the effects of price fluctuations in the local markets.  

  

In addition, Suha Al-Kafai, Managing Director of the International Islamic Bank, announced that the Central Bank of Iraq will soon approve the merchant’s deposit in dinars and receive the dollar according to the bank address in the country from which it was imported.  

  

And she added, in a statement, that “the instructions that will be issued soon regarding the ceilings of transfers and the mechanism of credits and the simplification of procedures in order to facilitate international trade services for merchants of all kinds (individuals and companies), and the issuance of credits and transfers according to specific ceilings in a way that regulates the new banking work for the next stage and approving the merchant’s deposit in dinars to the private bank.” A dollar is received according to the bank address (Ibn Number) in favor of the bank account in the country from which it was imported.  

  

Quoted from the official newspaper  

[6ly410]

Bank launches good news for traders: dollars at the official rate and "commission-free" transfers

Bank launches good news for traders: dollars at the official rate and transfers "without commission" » Baghdad Today News Agency

Economy | Today, 20:27 | 

    

 

Baghdad Today-Baghdad

Al Janoub Islamic Bank for Investment and Finance has given good news to traders and business owners about saving dollars and transferring them abroad "commission-free".

The bank said in a statement received by "Baghdad Today", that "the Bank of the South offers an offer to traders and owners of companies by providing foreign remittance services and documentary credits with a zero percent commission," pointing to "the presence of a network of correspondents around the world."

He added, "Foreign remittances against the exchange rate of 1470 dinars to the US dollar, as for documentary credits at an exchange rate of 1465 dinars to the US dollar, all the merchant has to do is visit his branches spread in Iraq or contact the phone call center by calling 6009."

[screwball]

On 1/31/2023 at 10:57 PM, yota691 said:

Central Bank of Iraq will soon approve the merchant's deposit in dinars and receipt of the dollar according to the bank address in the country from which it is imported.

is this foreign exchange taking place????

[screwball]

On 2/1/2023 at 10:29 PM, yota691 said:

the issuance of credits and transfers according to specific ceilings in a way that regulates the new banking work for the next stage and approving the merchant’s deposit in dinars to the private bank.” A dollar is received according to the bank address (Ibn Number) in favor of the bank account in the country from which it was imported.  

activating swift and forex

[Floridian]

All this stuff with the Dinar is making me think of the so-called "Great Reset" which I've been reading about.  Is it the whole world who will have this "Great Reset"?  Does anyone know for sure?  If all the world's currencies will be re-set, that would include Iraq.

 

Remember Trump said all currencies will be on a level play field.  Some will go up, some will go down, and some will stay the same.

 

 

[screwball]

49 minutes ago, Floridian said:

All this stuff with the Dinar is making me think of the so-called "Great Reset" which I've been reading about.  Is it the whole world who will have this "Great Reset"?  Does anyone know for sure?  If all the world's currencies will be re-set, that would include Iraq.

 

Remember Trump said all currencies will be on a level play field.  Some will go up, some will go down, and some will stay the same.

 

 

Great Reset is Cabal Term, Deep State NWO Term, according to NWO and WEf at Davos....They want the reset the Alliance made up of some of the worlds richest men working with Military Alliances around the world are pushing for a Gold backed reset with a debt jubilee and removal of income taxes. The WEF, NWO and Deep State do not want debt relief and d not want to remove income taxes. What we no for sure is that there will be a world wide collapse, however what I see is a slow restructure not the original plan of the NWO but could be wrong. China, Russia, BRICS and Shanghi Hi Corporation Countries are moving to gold and asset backed. No more debt...no more credit..no more taxes. All the Indicators are there...look at Vietnam, Thailand and NZ, all these countries PM's have resigned all within days??? why because if they dont play the game they are forced out??? All countries are moving to asset backed and thats fact....read up on NESARA/GESARA...Trump only the other day the middle of a tweet mentioned the world "GOLD" in big letters! hes telling us whats coming..hes also has mentioned the word "golden age"

 

I made the prediction Tredeau and Macron will go, and they will within the next 3 months. They know its coming and have been told your days are over. They cannot stop this....when you know you know!

[screwball]

look to Russia and some major moves around feb 27-28.. Oil will go to 150-200 per barrel, gold will hit 3000$ plus..

[screwball]

I told people the TRUMP paid a supprised visit on the tarmac in Bagdad and met Al Abdi for signed documents.

 

Abadi tweeted about iraq making moves that will shock the world...this was made around 3-4 years ago, the time is now. what we are seeing is a movie...watch the actors..this was all planned.

[screwball]

those that have followed Q from day 1, read all his posts know that Q+ was Trump and he was communicating with us through back channels...we know the plan

[screwball]

when they reset there can be no one left....NATO will crumble and be restructured

[screwball]

NATO was the Army of the NWO and WEF

[screwball]

the destroyed the family unit through the destruction of Religion and attack on God, the introduced woke BS agendas to our schoos, defunded our Police Forces funded hate groups around the world (SOROS) - German Jew who sold jews to the German for Gold, and defunded our MIlitary... 

[screwball]

for those that didnt follow Q they used numbers to communicate instead of words, through carefully written posts linking future to past posts..in the early days quite often trump would communicate with us by re postings posts and posting pictures on board Airforce 1 with signals ! objects within images hiding key messages! very cryptic

[Rochester]

In recent news, it seems like Democrats are getting ready to kick Joe Biden and Kamala to the curb. I predicted a year ago, Trump would get back in, before the next election. Based on what intel? Based on nothing, just an intuition. Far as I know, the line of succession in the Constitution is, if the President and Vice President resign, due to something like an impending nuclear was with Russia, or Presidential Senility and Vice President's incompetence, the Constitution allows the Speaker of the House to become President. When I was young, I watch an 80 year old man go from mentally fit, to senile and in a wheelchair, in 3 months. My old landlord back then.

 

How it would work if Biden goes senile or starts a nuclear war, as Trump has been actively making videos about, this past week: As far as I know, Speaker of the House Kevin McCarthy can resign any time they want, new Speakers can be voted in, immediately. You don't need to be an elected Member of Congress or the Senate, to be put in as Speaker of the House. For instance Donald Trump could be voted in as Speaker, with Kevin McCarthy resigning, then Trump could be reinstalled as President, as he would be legally next in line, to be President. As you might recall, when Kevin McCarthy was fighting to become Speaker and they were voting on it, Matt Gaetz put down for Speaker, on his ballot, the name, "Donald J. Trump". 

 

Sound crazy? It might be. It likely is. Pure speculation. But: Who says Biden wasn't installed in the first place? The powers that be can do  whatever they want. Not up to to me. 

 

By the way, I don't follow Q, whatever the hell that is, I don't know anything about secret tarmac meetings, although most of what Screwball just wrote appears to be just common sense, to me.

[screwball]

15 minutes ago, Rochester said:

In recent news, it seems like Democrats are getting ready to kick Joe Biden and Kamala to the curb. I predicted a year ago, Trump would get back in, before the next election. Based on what intel? Based on nothing, just an intuition. Far as I know, the line of succession in the Constitution is, if the President and Vice President resign, due to something like an impending nuclear was with Russia, or Presidential Senility and Vice President's incompetence, the Constitution allows the Speaker of the House to become President. When I was young, I watch an 80 year old man go from mentally fit, to senile and in a wheelchair, in 3 months. My old landlord back then.

 

How it would work if Biden goes senile or starts a nuclear war, as Trump has been actively making videos about, this past week: As far as I know, Speaker of the House Kevin McCarthy can resign any time they want, new Speakers can be voted in, immediately. You don't need to be an elected Member of Congress or the Senate, to be put in as Speaker of the House. For instance Donald Trump could be voted in as Speaker, with Kevin McCarthy resigning, then Trump could be reinstalled as President, as he would be legally next in line, to be President. As you might recall, when Kevin McCarthy was fighting to become Speaker and they were voting on it, Matt Gaetz put down for Speaker, on his ballot, the name, "Donald J. Trump". 

 

Sound crazy? It might be. It likely is. Pure speculation. But: Who says Biden wasn't installed in the first place? The powers that be can do  whatever they want. Not up to to me. 

 

By the way, I don't follow Q, whatever the hell that is, I don't know anything about secret tarmac meetings, although most of what Screwball just wrote appears to be just common sense, to me.

ther have also been posts that because all of his executive orders have never been rescinded by Biden, that we are indeed at war with our own in our countries, those that we believed an and trusted for many years...The CIA has been behind this for years, dont believe my look up INQTEL?? could the investment arm of the CIA, they own and have invested in most of the three letter mainstream media fake news channels. Pay attention to CNN they will start to repor the truth, Trumps best mate is in charge...most CIA front companies have three initials.....eve Facebook is a CIA/Darpa project on the day lifelog shutdown Facebook Started up under CIA;s control with Zuckberg as the helm, with his CCP minder wife....AMazon was also led by BEZOS former CIA intel officer...

[screwball]

the Deep state are looking to remove Biden, not that it matters! theres a rumour because TRUMP is still the CIC under the constitution and laws of war, the Military can call an election there are hints at an election in 2023, lets see if this happens...remember 

 

why the walls around the Whitehorse? why was marlago built as the second white house? who lives in Marlago? who just got his plane re painted? This plan is over 20 years in the making....Trump was asked to run by real Patriots, like General Mike Flynn and Admiral Mike Rogers? which Departments did they head up? Who visited trump at Trump Tower and told him his office/building has been bugged???

[screwball]

45 minutes ago, Rochester said:

In recent news, it seems like Democrats are getting ready to kick Joe Biden and Kamala to the curb. I predicted a year ago, Trump would get back in, before the next election. Based on what intel? Based on nothing, just an intuition. Far as I know, the line of succession in the Constitution is, if the President and Vice President resign, due to something like an impending nuclear was with Russia, or Presidential Senility and Vice President's incompetence, the Constitution allows the Speaker of the House to become President. When I was young, I watch an 80 year old man go from mentally fit, to senile and in a wheelchair, in 3 months. My old landlord back then.

 

How it would work if Biden goes senile or starts a nuclear war, as Trump has been actively making videos about, this past week: As far as I know, Speaker of the House Kevin McCarthy can resign any time they want, new Speakers can be voted in, immediately. You don't need to be an elected Member of Congress or the Senate, to be put in as Speaker of the House. For instance Donald Trump could be voted in as Speaker, with Kevin McCarthy resigning, then Trump could be reinstalled as President, as he would be legally next in line, to be President. As you might recall, when Kevin McCarthy was fighting to become Speaker and they were voting on it, Matt Gaetz put down for Speaker, on his ballot, the name, "Donald J. Trump". 

 

Sound crazy? It might be. It likely is. Pure speculation. But: Who says Biden wasn't installed in the first place? The powers that be can do  whatever they want. Not up to to me. 

 

By the way, I don't follow Q, whatever the hell that is, I don't know anything about secret tarmac meetings, although most of what Screwball just wrote appears to be just common sense, to me.

there is intel to suggested McCarthy is playing his role but maybe not for much longer....time will tell

[Rochester]

15 minutes ago, screwball said:

the Deep state are looking to remove Biden, not that it matters! theres a rumour because TRUMP is still the CIC under the constitution and laws of war, the Military can call an election there are hints at an election in 2023, lets see if this happens...remember 

 

why the walls around the Whitehorse? why was marlago built as the second white house? who lives in Marlago? who just got his plane re painted? This plan is over 20 years in the making....Trump was asked to run by real Patriots, like General Mike Flynn and Admiral Mike Rogers? which Departments did they head up? Who visited trump at Trump Tower and told him his office/building has been bugged???

Interesting. That's sort of, along the lines of what I suspected. The CIA has been overthrowing governments around the world for many decades. I always believed they would eventually stick to their habit, try to do the same, domestically. And I have long believed this is somehow a fight among competing groups at the top, who actually run things, actually decide who gets to be President. Voters have almost zero impact on who actually gets to be President, or what any policy is. Competing groups of elite do that. And I don't believe Joe is an actual President, in the sense that Kennedy was. Just didn't make sense that a senile man who got low grades in college was actually running things. As Elon Musk joked the other day, "whoever is actually President is whoever is running Joe Biden's teleprompter". 

 

I'm following the Ukraine War. Sorry to say, America is going to lose that war. Badly. This may end Biden. I didn't know Trump had a buddy now running CNN. I deleted Facebook, or as I call it, Fakebook. It was making me physically nauseous and lowering my opinion of people, I could not stand what it was doing to my mind, so I got rid of it. Mind disease, is Facebook. 

 

Maybe this is why they are raiding Joe Biden's homes: for evidence, in case he needs to "be persuaded" to step down, once he is ordered to do so. Joe Biden is foolish enough to think he is actually in charge. Agreed on TV. I haven't watched TV in 15 years. All fake. Time will tell, too many parts to predict, when things fall apart for Biden. But they will. Disasters often will happen gradually for a long time, then very very quickly.

 

Let's just hope and pray, good people and patriots prevail, by doing the right thing, at the right time.

[screwball]

6 minutes ago, Rochester said:

Voters have almost zero impact on who actually gets to be President, or what any policy is

yep always Military decide...it was military code of Justice before Civilian laws...

 

7 minutes ago, Rochester said:

And I don't believe Joe is an actual President, in the sense that Kennedy was.

nope 10% of the man...Biden is locked up in home house arrest possibly not with us anymore....the fake Joe they say is Obama

 

China will take Taiwan....Taiwan will be handed back after China removes the trafficking lanes drugs and kids....shite you dont want to know...think the darkest thoughts on Epstein...and European hunting parties of the European elite all the way back to the Royal Family in the UK..terrible...well documented in books...look at Andrews...? Phillip was not poster boy?? Charles is fried! CHarles will give up his title we are told...for someone else.

 

Big predictions...JFK Jnr is alive 100% and Princess Diana is alive....watch this will shock the world

[screwball]

12 minutes ago, Rochester said:

I'm following the Ukraine War. Sorry to say, America is going to lose that war.

something big coming from Russia end of the month could be end of war? could be GOLD and Currency related