is warka account necessary

[hunt1]

i have been a dinar investor since 2006 is it necessary to have a warka bank account and not hold large amounts of paper notes

[chuckray]

i am a bit leery about opening an account at a bank overseas :

what if they just shut down their website and disappear ?

how would a u.s. citizen get their money back

[hunt1]

i have read the books and visited the warka site im not sure i want to send my passport to a faceless person not to mention since this is out of country what protection do i have with my cash no fdic or anything if you send money western union once you sent it to the name anyone can pick up monney and its gone forever thats why evn ebay motors says never pay for vehicle western union or anything like that i work hard for everything i have and want to be careful

[chuckray]

i have read the books and visited the warka site im not sure i want to send my passport to a faceless person not to mention since this is out of country what protection do i have with my cash no fdic or anything if you send money western union once you sent it to the name anyone can pick up monney and its gone forever thats why evn ebay motors says never pay for vehicle western union or anything like that i work hard for everything i have and want to be careful

i doubt if there is any protection at all--stick with banks here---imho

[keepmwlknfny]

Warka accounts have all funds 100% protected by the CBI.......so its basically like a FDIC insurance......the greatest benefit to having one would be that if we are required to exchange for new bills, you can just sit back and not have to worry about a thing since its electronic funds......no extra fees out of your pocket for exchanging and no time limits either.......and its more then just a website FYI......they have MANY banks all over Iraq.....

[chuckray]

Warka accounts have all funds 100% protected by the CBI.......so its basically like a FDIC insurance......the greatest benefit to having one would be that if we are required to exchange for new bills, you can just sit back and not have to worry about a thing since its electronic funds......no extra fees out of your pocket for exchanging and no time limits either.......and its more then just a website FYI......they have MANY banks all over Iraq.....

so what happens if the whole country goes nuts ?---CBI disappears

not sending any money over there

[invest4later]

so what happens if the whole country goes nuts ?---CBI disappears

not sending any money over there

Happy New Year All ,

Not Sure ... are You Talking About OUR Country ... LOL ... Or Theirs .. Sorry .. Couldn't Help Myself

My Meds Haven't Kicked In Yet ... Nurse Rachet ... MEDICATION TIME !!!

Have A BLESSED Evening.. and Happy 2011 ...

Oh Yea ....GOOOOOOOOOOOO RV

Gary ...aka Invest4later

[Annastasia]

I received mine from a money exchager and I will cash in with them. Then deposit in my NBK acct.

[Bigboy0854]

so what happens if the whole country goes nuts ?---CBI disappears

not sending any money over there

If CBI disappears then we are all screwed - our paper dinar would be worthless!

[BruceV]

If CBI disappears then we are all screwed - our paper dinar would be worthless!

NOT so Bigboy. we could use it to wipe our butts. lol Sorry, Couldn't help myself

[kamm]

NOT so Bigboy. we could use it to wipe our butts. lol Sorry, Couldn't help myself

No wipeing for me. I an going to use mine for wallpaper throuout the house. People will come over and ask what is that all over your walls. I will say that was my retirement. Ha Ha. I sure hope not. Kamm

[one4dinar]

i have read the books and visited the warka site im not sure i want to send my passport to a faceless person not to mention since this is out of country what protection do i have with my cash no fdic or anything if you send money western union once you sent it to the name anyone can pick up monney and its gone forever thats why evn ebay motors says never pay for vehicle western union or anything like that i work hard for everything i have and want to be careful

You send your money by wire transfer through Citi Bank, New York they in turn place the money in Warka's Citi Bank account, then transfer it to your account with Warka Bank in Iraq. Regarding your passport it first has to go to the US State Department to be documented. If you think you have to send your money by Western Union you probably should do more research on investing in Iraq and the modern and up to date facilities their banks have now days.

[thedog]

It'S NECESSARY IF YOU WANT TO GET INVOLVED IN THE ISX.

I WOULD SUGGEST SETTING UP AN ACCOUNT WITH MINIMAL INVESTMENT SO YOU HAVE ALL YOUR CARDS IN PLAY.

ISX IS GOING TO BE HUGE!!!

[RAINMAKER]

What stocks are you guys buying? My docs being verified are in transit. Very psyched to get involved. Want to know what Im buying or shoudl research buying?

[one4dinar]

What stocks are you guys buying? My docs being verified are in transit. Very psyched to get involved. Want to know what Im buying or shoudl research buying?

Here are a few stocks that I am most heavy in. Starting out in ISX a few years ago we as foreigners purchased mostly bank stocks at first.

Baghdad Bank

Credit Bank

Warka Bank ( not trading)

Dar es Salaam Bank ( not trading)

United Investment Bank (Dinar Trade, Ali's bank)

Kurdistan Bank

North Bank

Baghdad Soft Drinks (Pepsi)

Badia Transport ( not trading)

Land Transport ( not trading)

General Transportation (not trading)

Al-Hilal Industry

National Chemical Industry

Fallujah Construction Materials

Nukhba for Construction

Al-Khazer Construction

Edited January 6, 2011 by one4dinar