KTFA:
Samson: Electronic platform
21st July, 2022
The Central Bank will adopt a specialized electronic platform for the purposes of exchanging documents and data with all banks .. To view, click here
Translation….
Based on the keenness of this bank to develop banking work in accordance with the best international practices in line with the technical developments taking place in the global banking industry, which will be reflected in raising the level of compliance of the banking sector operating in Iraq with local and international requirements
This will give him more opportunities to expand external banking activities with correspondent banks and thus attract a larger segment of the commercial operations available in the market.
As this bank will adopt a specialized platform for the purposes of exchanging documents and data with all banks, which will allow you to benefit from many services, including foreign exchange and shares trading, and access to global financial markets in order to analyze financial data to benefit from them in raising the level of efficiency of decisions related to investment and others, so your banks must participate On this platform, no later than 15/8/2022
And you can contact the Department of Financial Operations and Debt Management via e-mail ([email protected]) for the purpose of asking any inquiry or clarification from you regarding the method of subscribing to it. with respect . LINK
~~~~~~~~~~
ATPInfinity: Who is in a CBI hurry now? Hey, this was announced yesterday and today we have a DEADLINE in less than 1 month?
“… so your banks must participate…On this platform, no later than 15/8/2022…”
~~~~~~~~~~~
Tivon: Are you all seeing this right now? Another one already?
They just posted the other CBI article yesterday. Access to global financial markets? Does that sound like Financial Inclusion to you? What can possibly be added to this monumental news?
It’s not even 8am and we got this. Can you imagine what the rest of the week will be like?
I had to read this multiple times. Thanks for the shot out Frank. Very great info on the CC. We are approaching home plate people.
I wouldn’t be surprised that Monday would be the last CC. That is not a stretch at all. August 15th seems like a time where they can move much faster but are giving a grace period where if the banks happen to miss an earlier train they can catch the next one at the same stop. IMO
~~~~~~~~~~~~
DinarDiva1: Deadline 8/15/2022 So we have 3 more weeks before we see any change IMO IMO!
Tivon: You know initially I read it that way as far as them making a move on the rate change after 8/15/2022. But it seems as though the (CBI) can make a move anytime before then but offered a grace period for banks who may not be ready to have their affairs in order by the 15 of August.
Because if contracts, wages, or salaries are being adjusted now it seems two timetables are at play. One for the ministries and one for the banks.
The ministries have already started. So obviously they were given information prior to the publication of these CBI articles to prepare for the change. Things are moving fast now.
The dollar is tanking right now so this is a perfect time for the IQD to make a move. D. Trump has always said it was to high for countries to do business with us. IMO
Jeff: I was thinking along the same line Tivon. The CBI isn’t saying it will take that long. They are saying what you said in your original post. If you miss the first train, you can catch the second one. Keep in mind folks, we deal with our US Treasury, not the CBI. The CBI is communicating with Iraqi Banks and Central Banks around the world. IMO
Clare: IT IS AMAZING WHAT WE ARE SEEING!!!… IMO WE ARE AT HOME PLATE, BATTER UP, ACTUALLY TWO … SEATED GOI & CBI …TAKE THAT SWING… IT WILL SURELY BE A GRAND SLAM! IMO
Tivon: Absolutely…. I see we are just about there. I stayed long enough to get a point across and now everyone sees that the EFSL was not a fluke. Can’t imagine where we would be if it wasn’t for that grand chess move. Just glad everyone understands the implications of this law and how it got us here. It cut through all the BS we have been enduring for all these years. The writing is on the wall. Great times ahead for everyone. We are either days or weeks away. I wonder if the CBI still plans on making a move this week? We’ll see soon enough. IMO
Jerry1971: it’s a great time to be a dinarian no more waiting the Cbi is in a hurry to bring out the new exchange rate to it’s people and the world at large.IMO.
Wagmaster: We went from “blitzing to home plate”? Would like to see. GAME OVER!
Tivon: That’s just being sporadic. Baseball is a good analogy I must say from where we are. But I still say we on the 1st & 10 with a minute left while having a 2 point lead in the 4th qtr with our star line up ready to close the show. Hopefully Al-Kazemi gives KTFA a shot out in the post interview. IMO
~~~~~~~~~~
Venustwo3: Wow !! great news today. It sounds like I should revise that 2 week resignation letter. Thank You Tivon for your dedication to this forum and the members who have come to rely on your explanation of the articles. You are greatly appreciated.
Tivon: Yeahhhhhhhhhhhhhh, you ready for the big leagues? You are about to step into a whole new lifestyle. Hope you got everything ready. Documents. Files. Portfolios. Spread Sheet. Etc. Things are in play that can shift everything in a matter of days. So don’t get comfortable. Be ready to exchange at anytime now. We are way past the dry spots. As evident from the CBI itself. There’s no denying this. Look how frequent you are getting updates from the CBI. You think they are not eager to pull the trigger? Goodluck to everyone. You guys need to be ready at all times from this day forward. IMO
Popeye7: God’s will be done… Hopefully the ball will get over the line soon, or be smacked over the centerfield wall for a grand slam… Thanks Clare, and Tivon… God bless, and His peace be with us all here…
Tivon: You welcome my fellow compatriot. We are high on the hill. Panoramic view from where we are standing now. It took us a while to get here. So many ups and downs. Twist and turns. We pushed through and made it to see the grand finale. Well deserved. And that’s not even the best that is coming for us. The Dinar is a side show for me. It only gets 30% of my time. Which I spared mostly here. But there are other things that far outweigh this investment that keeps me going. I just know this is basically the catalyst for everything afterwards. Which will be a paradigm shift for the ages. God Bless. IMO
