CBI Halts Withdrawals & Deposits For Four Days.

[Luigi1]

Here's an articleof Dinarian interests...

CBI Halts Withdrawals & Deposits For 4 Days.

Treat as a rumor.  Not verified.  Your opine.

 

 

****************:        The CBI Decides To Stop Withdrawals & Deposits (Document)
 ARTICLE:  The CBI decided, on Tuesday, to stop withdrawals & deposits for a period of four days.   According to a document, the bank decided to close its doors on January 2, 2025 & stop conducting banking transactions for customers.
 
The bank also decided to stop withdrawals & deposits on savings accounts in bank branches for the period from 12/30/2024 to 1/2/2025 for the purpose of completing Annual Budgets.
 
Below is the text of the document.

 

Integration Requirements.
 
December 31, 2024...In order to speed up the procedures and complete the merger transactions for the exchange companies of categories (A and under establishment & all brokerage companies for buying & selling foreign currencies, please provide us with the attached merger requirements at once ..
For more, click here. 

 

-Exchange companies for the two categories (A,B) under all establishment.
 
Mediation companies by selling and selling all foreign currencies
 
M/ Integration requirements.
 
In order to accelerate procedures and complete the completion of your companies’ integration.
 
Please provide us with the accompanying integration requirements, so that this directorate can proceed with this directorate.
 
Integration without delay or delay, as the delay in completing the requirements of integration will lead to the delay in granting you.

 

To abide by what was mentioned above.  With appreciation
 
For accompanying/ 
 
- Schedule of number (3) with integration requirements.
 
 A schedule with documents to be submitted for the purpose of integration & obtaining the final license.
 
[three page table in Arabic listing required documents, followed by…] 
 
With tTo abide by what was mentioned above.  With appreciation
 
For accompanying/ 
 
- Schedule of number (3) with integration requirements.
 
 A schedule with documents to be submitted for the purpose of integration and obtaining the final license
 
[three page table in Arabic listing required documents, followed by…] 
 
With tTo abide by what was mentioned above.  With appreciation
 
For accompanying/ 
 
- Schedule of number (3) with integration requirements.
 
 A schedule with documents to be submitted for the purpose of integration and obtaining the final license
 
[three page table in Arabic listing required documents, followed by…] 
 
With the presentation that all the aforementioned forms are published on the website of the Central Bank of Iraq.

On the link below:      NOTE:  Links were deleted.  Find links - Google key words in topic title.

[Luigi1]

Happy New Year with MZ & his two cents worth...Good tithing & Joy...

 

 

New Year's Coffee with MZ at noon. 

MarkZ  Update- Some highlights by PDK-Not verbatim.

THREAD:       Good Tithings & Joy.

Member: Hello Mark, Mods and all Dinarians! Happy New Year all!

Member: It’s time to unplug the old system and turn on the new system.

Member: What’s the latest rates you have heard on dinar and dong Mark?

MZ: the latest I have heard is about $3.90 street rate on the dinar. Dong we have heard everything from .47 cents to almost $4.00….. Most of my sources are still telling me to expect it in the $2 dollar range

MZ: “CBI has announced a transition for the electronic platform to banks with foreign transfers”  This is INTERNATIONAL now!

MZ: “The CBE announces the official closing of the dollar selling window”  Auctions are done and closed and they have announced the transition to the new process.

Member: Cut the talk- we want action. let's see them smaller notes in action

MZ: There was no auction today.

MZ: “CBI announces a major achievement in foreign transfers” So many articles and I only shared a few but, there is a lot of excitement in Iraq.

MZ: “CBI: We have started working on the Correspondent Banking System” this is the new system with international standards….

MZ: “The general authority of customs adopts the AYESCUDA system and deposits paperwork in a major reform step”  This is a worlds standard amongst all the nations. This is starting today.

MZ: “Comprehensive guide to trading the Iraqi dinar (IQD) on forex”  lookee here. BAM International guys!!

MZ: A number of people have checked in and they are very excited about the education and conversations in Iraq. The talk has been overwhelming about small notes…..or lower denominations….this is from government and banking employees throughout Iraq. Why do they need smaller notes?

Member: to raise the rate and get rid of the large notes we all hold!!!

Member: Is there any news on Bond contacts or banks thank you?

MZ: There are no updates. Today is a banking holiday all over the world.

Member: Mark, Mike Bara, and Jen said tonight into tomorrow morning we will have a rate. Do you think they could be jumping the gun or they may be right?

Member: Praying for this to be a prosperous WEEK for us!

Member: We’re so close yall!! I can almost taste it!!!!!

Member: Looking forward to amazing new yew year. Many Blessings to come our way.

Member: To all those whom I offended in 2024, work on yourself so I don't have to do it again in 2025! Happy New Year!  Lol.

Member: Thank you Mark and mods for a great 2024 and looking forward to a better 2025!

Mods: ”THATS A WRAP, NO PODCAST TONIGHT SEE YALL IN THE MORNING UNLESS BREAKING NEWS.

 

 

[WheresmyRV?]

Don't they take this time off every year for accounting purposes?

[Luigi1]

5 hours ago, WheresmyRV? said:

Don't they take this time off every year for accounting purposes?

 

Yes.

The Gurus like to turn something ordinary into big news to get our hopes up only to pull the rug from underneath us.

[umbertino]

17 minutes ago, Luigi1 said:

 

Yes.

The Gurus like to turn something ordinary into big news to get our hopes up only to pull the rug from underneath us.

 

 

Each and every time....For the last 21 years...And here we are again.....

 

 

Hope is a wonderful thing....Some say it's also the biggest and most powerful drug given to the people....

Edited January 2 by umbertino

[trvlr787]

3 hours ago, Luigi1 said:

 

Yes.

The Gurus like to turn something ordinary into big news to get our hopes up only to pull the rug from underneath us.

Kinda like Charlie Brown and Lucy with the football