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Central Bank instructed to close the stores is approved banking

way2buzy

By way2buzy,
in Iraq & Dinar Related News

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way2buzy Newbie

way2buzy

Posted
Posted

Could this be the next to the last domino to fall concerning raising the value of the dinar?

Monday, 16 May 2011 13:45

[baghdad - where]

Instructed the CBI to close all shops banking is approved in the country.

The source said the central bank, told all of Iraq [where] on Monday that “the Central Bank of Iraq issued an order closing all stores banking is approved through a common subunits between the police and domestic intelligence in the lists issued by the bank.”

The central bank may face in the tenth of this month, all ministries and departments not associated with the Ministry not to have any financial transactions or relations with the banking companies is approved by the Central Bank, and published on its website a list of banking companies officially sanctioned. / Ended.

http://www.alliraqnews.com

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wiyakpa Newbie

wiyakpa

Posted
Posted

Central Bank instructed to close the stores is approved banking

Monday, 16 May 2011 13:45

bank.jpg

[baghdad - where]

Instructed the CBI to close all shops banking is approved in the country.

The source said the central bank, told all of Iraq [where] on Monday that "the Central Bank of Iraq issued an order closing all stores banking is approved through a common subunits between the police and domestic intelligence in the lists issued by the bank."

The central bank may face in the tenth of this month, all ministries and departments not associated with the Ministry not to have any financial transactions or relations with the banking companies is approved by the Central Bank, and published on its website a list of banking companies officially sanctioned. / Ended.

think it might be a bad translation but it seams if your not an approved bank you cant do business

http://translate.google.com/translate?hl=en&prev=/search%3Fq%3Dnahrain%26hl%3Den%26prmd%3Div&rurl=translate.google.com&sl=ar&u=http://www.alliraqnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D900:2011-05-16-13-45-36%26catid%3D35:2011-04-08-17-24-40%26Itemid%3D2

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AoK Newbie

AoK

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Posted

The central bank may face in the tenth of this month, all ministries and departments not associated with the Ministry not to have any financial transactions or relations with the banking companies is approved by the Central Bank, and published on its website a list of banking companies officially sanctioned. / Ended.

http://www.alliraqnews.com

"the tenth of this month" - so they're talking about May? From the 10th of May "all ministries and departments not associated with the Ministry" are " not to have any financial transactions or relations with the banking companies"....but they can do business with certain "officially sanctioned" banks? hmmm... am I reading this wrong? Bueller? Bueller? :blink:

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txsrooster Newbie

txsrooster

Posted
Posted (edited)

I must be an ID 10 T cause I went to that website and I can not find that article. Do you have a link to that specific article?

Nevermind...I found it. http://www.alliraqnews.com/index.php?option=com_content&view=article&id=900:2011-05-16-13-45-36&catid=35:2011-04-08-17-24-40&Itemid=2

Edited by txsrooster
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juni Newbie

juni

Posted
Posted

Checked CBI website can find no such list. <_<

It is there. Don't use the english version.. Use the arabic and then click on the news and announcements. The list is there but it is a PDF that the google translate won't work with.

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Markinsa Grand Master

Markinsa

Posted
Posted

Could this be the next to the last domino to fall concerning raising the value of the dinar?

Monday, 16 May 2011 13:45

[baghdad - where]

Instructed the CBI to close all shops banking is approved in the country.

The source said the central bank, told all of Iraq [where] on Monday that “the Central Bank of Iraq issued an order closing all stores banking is approved through a common subunits between the police and domestic intelligence in the lists issued by the bank.”

The central bank may face in the tenth of this month, all ministries and departments not associated with the Ministry not to have any financial transactions or relations with the banking companies is approved by the Central Bank, and published on its website a list of banking companies officially sanctioned. / Ended.

http://www.alliraqnews.com

Iraqi and Foreign Financial Institutions

-

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menholt Newbie

menholt

Posted
Posted

mY GUESS ON TRANSLATION IS.. Last tuesday the 10th the ministries made a list if non sanctioned banks and the CBI is saying they can no longer do transactions with the ministries....im also guessing this is because of the new banking sustem from th USAID plan..

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teresa43 Newbie

teresa43

Posted
Posted

Could this be the next to the last domino to fall concerning raising the value of the dinar?

Monday, 16 May 2011 13:45

[baghdad - where]

Instructed the CBI to close all shops banking is approved in the country.

The source said the central bank, told all of Iraq [where] on Monday that “the Central Bank of Iraq issued an order closing all stores banking is approved through a common subunits between the police and domestic intelligence in the lists issued by the bank.”

The central bank may face in the tenth of this month, all ministries and departments not associated with the Ministry not to have any financial transactions or relations with the banking companies is approved by the Central Bank, and published on its website a list of banking companies officially sanctioned. / Ended.

http://www.alliraqnews.com

scooter where are you? what does this mean?

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dflake Newbie

dflake

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Posted (edited)

My best guess is that this article is referring to ceasing all monetary transactions with any bank or financial institution that is NOT sanctioned by the CBI. Hmmm.... tightening of the purse strings perhaps. Sounds like CBI and GOI are attempting to "regulate" banking and monetary transactions. Could be good news. JMO

Afterthought, what is this in Rumors section, when it is in fact a news release??

Edited by dflake
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4Horsn2 Newbie

4Horsn2

Posted
Posted

My best guess is that this article is referring to ceasing all monetary transactions with any bank or financial institution that is NOT sanctioned by the CBI. Hmmm.... tightening of the purse strings perhaps. Sounds like CBI and GOI are attempting to "regulate" banking and monetary transactions. Could be good news. JMO

Afterthought, what is this in Rumors section, when it is in fact a news release??

One would think so!!! To a speedy RV!!

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