Results Of My Warka Probe Thus Far...Comments inserted..

[iraqidinar2005]

Dear Sir,
Thank you for your e-mail dated July 28, 2004 . Thank you for choosing our bank to be your assistance for your financial needs in Iraq, and it give us a great pleasure to deal with you in our bank .

You can open two accounts, one in Iraqi Dinars and the other in
US Dollars . For this we need copy of your passport or any official
document, specimen of your signature duly attested, full address, small picture , the Dollar account is for depositing your funds after you transfer it , and by the authorizing letter you will give to our bank ,we will draw Dollars and purchase Dinars and deposit it in the Iraqi Dinar account which we can draw Dinar from it by the authority you will give to our bank and purchase Investment stocks.

Once the account is open you can transfer your funds to our bank
through one of our corresponding banks:

Housing Bank for Trade and Finance

Swift Code: HBHOJOAX <-- Talk about a bad code to have
P.O Box 7693
Amman
11118 Jordan
Our A/C No. in US Dollars../
0019583140201

Fransabank S.A.L
Swift Code:
FSABLBBX
P.O Box 11-0393 - Beirut 11072808 - Lebanon

Our A/C No. in US Dollars../ 00500304-03-93002098

Jordan national bank P.L.C
Swift Code: JONBJOAX <--Another classic
P.O.Box 1578
Amman 11118Jordan .C.R.6
Our A/C No. in US Dollars../ 98-02-303123-967322-02

International Bank for Trade and Finance
Swift Code: GBTFSYDA
P.O Box 10502
Syria - Damascus
Our A/C No. in US Dollars../ 601-11300-2-3510-0

For exchanging your funds into Iraqi Dinars, we ask you to sent an
authorizing letter to our bank signed by your goodself ,to enable the bank
to exchange Dollars to Iraqi Dinars . The form of this authorizing letter is
as follows:

"I ---------------- authorize Al-Warka Investment Bank to draw from my
Dollar account ( current or saving ) in the above Bank and exchange the
Dollar into Iraqi Dinar according to price fixed by the Central Bank of
Iraq at that day , and then deposit it in my Iraqi Dinar account at the
said bank" .

Please inform me what kind of accounts do you need (is it current or
saving ? ).
Please inform me do you need personal account or for a company (
please send copy of company registration papers ).

Also we must inform you that any drawing from such account should
be made by you personally or by written authorization from your goodself ,
and please be informed that you can not transfer any Iraqi Dinars out of
Iraq because it's not allowed by the regulation of Iraqi Central Bank .

Please find below our charges:
Transfer fees 0.125% .
Open Dollar account ( saving or current ) 2$ .
Open saving Dinar account 1000 ID .
Open current Dinar account 1500 ID .
Account statement 2$ .
Purchase Iraqi Dinar 1.5 ID for each Dollar .
Purchasing Iraqi Dinar the Central Bank of Iraq take 1 ID for each Dollar.

Stock exchanging bureau takes 1% from the total shares price.

Kindly be informed that , we will draw these charges from your goodself account .

The amount of exchanging Iraqi Dinars against the Dollar is
variable depending on the market but you can follow the changes through this web
site :"http://www.iraqdirectory.org"
Once your goodself send the informations I need , the accounts will be
open.

With regards to investment in Iraqi stock exchange, we will send
you our prices publication by e-mail every week , notice that there is two
trading days in a week. We are authorized to sell and buy for foreign investors, but we need an authorizing letter signed by your goodself for each transaction you want to make. Please notice that I can't buy any shares now because the law that allow the foreign people to by shares does not pronounced until now, once its pronounced I'll notify you by e-mail .

Thank you again for contacting us and if you need any further information ,
please do not hesitated to contact me.
Best regards.

International Relationship Department

Miss R

[Blake]

We all have this email. I can't tell, are you being sarcastic about the SWIFT codes or is there sincerely a point?

[fsm75]

We all have this email. I can't tell, are you being sarcastic about the SWIFT codes or is there sincerely a point?
Blake:

I think he is referring the fact that the code ends in JOAX which could be pronounced JOKES.

[iraqidinar2005]

Yes...

I am ammused by the fact that the SWIFT CODE looks more like a Vanity License plate than code...LOL.... ;)

[ScotFree]

Have none of you wired money to Jordan for your Dinars ? XXXXJOAX is the Jordanian SWIFT naming convention.

[Turkey 23]

If anyone is considering opening an account with Warka bank, please do not. I encourage everyone to do deeper research into Warka; look at their website for example. Have any of you every heard of a reputable international bank advertising for a web designer (Sedo), really! If you take time and dig just a little deeper you will find that there is no brick and mortor bank certified, sponsored, protected, credited, enforced or backed by the government of Iraq named Warka, or for that matter, any other country. It is also intersting to note that they have no physical address or contact numbers. I know that many will say this information is incorrect and play it down; however, you have to make your own choices.

[eosirl2]

If anyone is considering opening an account with Warka bank, please do not. I encourage everyone to do deeper research into Warka; look at their website for example. Have any of you every heard of a reputable international bank advertising for a web designer (Sedo), really! If you take time and dig just a little deeper you will find that there is no brick and mortor bank certified, sponsored, protected, credited, enforced or backed by the government of Iraq named Warka, or for that matter, any other country. It is also intersting to note that they have no physical address or contact numbers. I know that many will say this information is incorrect and play it down; however, you have to make your own choices.


LOL

Central Bank of Iraq has Warka Investment Bank on its documentation and address and email contact info.

They have addresses it is easy to find as they are a member of the Western Union network. All Warka branches are listed with addresses and phone numbers. I guess WU make its choice too.

I am glad you are suggesting that people do deeper research, it appears if you do, one will find that Wakra is legit.

BTW, I even had a newspaper clipping showing the outside of Warka bank in Baghdad, and the writer even mentions Warka directly.

No panic here.

[72jae]

Yall!!!!! I talk to them on the phone.:lmao:

[Lux]

If anyone is considering opening an account with Warka bank, please do not. I encourage everyone to do deeper research into Warka; look at their website for example. Have any of you every heard of a reputable international bank advertising for a web designer (Sedo), really! If you take time and dig just a little deeper you will find that there is no brick and mortor bank certified, sponsored, protected, credited, enforced or backed by the government of Iraq named Warka, or for that matter, any other country. It is also intersting to note that they have no physical address or contact numbers. I know that many will say this information is incorrect and play it down; however, you have to make your own choices.
Wow - all that on your FIRST post and you just joined today! Nice username too!

Not sure if I can say your information is incorrect since you've provided none. The due diligence on Warka has been done over and over here. I personally did mine but it was much deeper that staring at Sedo's name.

Adding to eosirl2's points, just take a stroll over the to CPA site and you'll see something even more shocking - hotmail and yahoo email addresses. I guess the Coalition Provisional Authority had the wool pulled over it's eyes too - and they were IN Iraq RUNNING Iraq.

http://www.iraqcoalition.org/economy/iraq_private_banks.html

As far as concrete and mortar adresses, I find it amusing you missed it on their own website:
Head Office Iraq , Baghdad Al - Wihda , Q 902 , St. 14 Building 50 .
http://www.warkainvestmentbank.com/contact_us.htm

Which happens to be the same address on the Official Iraq Stock Exchange site under the list of brokers (which I believe was done by Redo - Sedo's twin :D)

http://www.isx-iq.com/page/Brokers-list.htm
Hai- Wahda , Sec (902) , St(14) , Building (50)


And the Central Bank of Iraq's website (which still has the hotmail address):
http://www.cbiraq.org/cbs4.htm

So have the CPA, CBI and the ISX been duped???

Nothing wrong with questioning it, but you need to do your homework on this forum before you post misinformation like this. (I sense a "drive thru" sign from Jerry appearing soon)

Yall!!!!! I talk to them on the phone. So do I! :lmao:

I've always wondered about their "southern" accents though! :p

"This must be some kinda whacked out conspiracy here!"
- Skipper (from Madagascar)

[buck74]

Another newbie expert - lol.

If anyone is considering opening an account with Warka bank, please do not. I encourage everyone to do deeper research into Warka; look at their website for example. Have any of you every heard of a reputable international bank advertising for a web designer (Sedo), really! If you take time and dig just a little deeper you will find that there is no brick and mortor bank certified, sponsored, protected, credited, enforced or backed by the government of Iraq named Warka, or for that matter, any other country. It is also intersting to note that they have no physical address or contact numbers. I know that many will say this information is incorrect and play it down; however, you have to make your own choices.

[JohnM.]

Paper Dinar sales must be down in Texas :lmao:

[F355]

If anyone is considering opening an account with Warka bank, please do not. I encourage everyone to do deeper research into Warka; look at their website for example. Have any of you every heard of a reputable international bank advertising for a web designer (Sedo), really! If you take time and dig just a little deeper you will find that there is no brick and mortor bank certified, sponsored, protected, credited, enforced or backed by the government of Iraq named Warka, or for that matter, any other country. It is also intersting to note that they have no physical address or contact numbers. I know that many will say this information is incorrect and play it down; however, you have to make your own choices.

are very aptly named, Turkey! :rolleye03 :lmao:

[lonelyintexas]

I have talked with them on the phone also, have two accounts their and have been very pleased with the service. They are working hard to get everything going. I look forward to soon being able to see my account online and make transactions with a click of a mouse. I will stick with Warka.

[Jerry]

If anyone is considering opening an account with Warka bank, please do not. I encourage everyone to do deeper research into Warka; look at their website for example. Have any of you every heard of a reputable international bank advertising for a web designer (Sedo), really! If you take time and dig just a little deeper you will find that there is no brick and mortor bank certified, sponsored, protected, credited, enforced or backed by the government of Iraq named Warka, or for that matter, any other country. It is also intersting to note that they have no physical address or contact numbers. I know that many will say this information is incorrect and play it down; however, you have to make your own choices.

Another irresponsible post. No due diligence , no “TRUE” research, just another uninformed new member making erroneous claims as to their in-depth knowledge of Iraqs banks and their banking system.

Once AGAIN I surrender this article as previously posted….

This is an article in FT. Times which has proof of the discouragment of the CPA (much like Turkey here) of opening a bank account in Iraq. He writer did not listen to them... nor will I because the writer like myself knows its B.S....

July 31, 2003...

"When I first arrived in Iraq, CPA officials assured me the local banking system was a burnt-out shell, its records destroyed, and incapable of performing any normal functions"....

"None of the private banks have much capital, and they're all in need of reorganisation," said Peter McPherson, the head of the US Treasury team here. "They would not be in a position to open letters of credit for trade."

"So imagine my surprise when I walked into the Warka Investment Bank to find a fully functioning operation. I opened an account, noted that it was entered into a Windows NT networked computer, and learnt the managing director had been banking and doing trade finance since 1950. The bank's controlling family, the Bunnias, have been merchants since Iraq was part of the Ottoman Empire".....
http://news.ft.com/servlet/ContentSe...012571727 088

Have a nice day... Please drive Thru :wave:

[RET]

[COLOR="blue"][B]Another irresponsible post. No due diligence , no “TRUE” research, just another uninformed new member making erroneous claims as to their in-depth knowledge of Iraqs banks and their banking system.


Seems there's a lot of misinformation floating around lately.:rolleye03

[baz]

If anyone is considering opening an account with Warka bank, please do not. I encourage everyone to do deeper research into Warka; look at their website for example. Have any of you every heard of a reputable international bank advertising for a web designer (Sedo), really! If you take time and dig just a little deeper you will find that there is no brick and mortor bank certified, sponsored, protected, credited, enforced or backed by the government of Iraq named Warka, or for that matter, any other country. It is also intersting to note that they have no physical address or contact numbers. I know that many will say this information is incorrect and play it down; however, you have to make your own choices.

"OR FOR THAT MATTER, ANY OTHER COUNTRY" I might be wrong here but do you mean that no other country knows about "WARKA BANK" ?....well if you do mean what I think you do mean...you had better speak with Germany because I have....and they know "WARKA BANK".....I have allso phoned and spoke with "WARKA BANK" its not easy from the UK but it happens, and I was the worst person to suspect "WARKA BANK" and its fair to say that if they opperated like this in the UK I wouldnt deal with them, but then Barclays dont have the problems of Iraq, so understanding is needed here, now I am convinced that "WARKA BANK" are 100%.

Cant wait to read your second posting on this forum...(if you last that long that is).

[BigE]

Seems there's a lot of misinformation floating around lately.:rolleye03

misinformation isn't the word for it......:lmao:

and jerry,,,,, please drive thru.......:lmao: bet that has been said about me behind the scenes many times. but i have to admit....good timing on that one.

Turkey,,,,, I have been on phone with them many times, I have gotten emails, and even PHONE CALLS FROM THEM to me.
It has a lot to do with timing, and respectfulness in communicating.

[Turkey 23]

Wish you guys the best. Just wanted to point out in my previous message about Warka; however, each person has to make their own choices. I'm glad some of you enjoy my user name, it represents my location and how many years I have spent here as a US Government contractor. I have spent many years in the middle east as well and also have investments in Iraq. While you may find my post amusing, it is not meant to be, by any means. Investing in Iraq is a good idea for the long term. Investing your money in an "investment bank" (Warka) is extremely risky. Someone suggested that I was a newcomer and had no facts nor had I researched before writing the post, that is far from true. I did not want to write, cut/paste page after page of information on Warka pertaining to current investigations and alleged fraud, that is why I suggested each of you dig deeper. As another member suggested, do a drive by, yes, I believe I will. Good luck to those of you who have sent cash.

[Lux]

Wish you guys the best. Just wanted to point out in my previous message about Warka; however, each person has to make their own choices. I'm glad some of you enjoy my user name, it represents my location and how many years I have spent here as a US Government contractor. I have spent many years in the middle east as well and also have investments in Iraq. While you may find my post amusing, it is not meant to be, by any means. Investing in Iraq is a good idea for the long term. Investing your money in an "investment bank" (Warka) is extremely risky. Someone suggested that I was a newcomer and had no facts nor had I researched before writing the post, that is far from true. I did not want to write, cut/paste page after page of information on Warka pertaining to current investigations and alleged fraud, that is why I suggested each of you dig deeper. As another member suggested, do a drive by, yes, I believe I will. Good luck to those of you who have sent cash.

Well if that's your story then here's mine:

I was referring to the "23" - that's Michael Jordan's number!

I'm sure you heard about him in, even in Turkey!


http://i24.ebayimg.com/04/i/05/14/d6/af_1_b.JPG

Yep! That's my story and I'm stickin' to it! :drunk:

http://brett542.tripod.com/sitebuildercontent/sitebuilderpictures/.pond/jordan-23.jpg.w300h225.jpg

[Jack Ball]

Wish you guys the best. Just wanted to point out in my previous message about Warka; however, each person has to make their own choices. I'm glad some of you enjoy my user name, it represents my location and how many years I have spent here as a US Government contractor. I have spent many years in the middle east as well and also have investments in Iraq. While you may find my post amusing, it is not meant to be, by any means. Investing in Iraq is a good idea for the long term. Investing your money in an "investment bank" (Warka) is extremely risky. Someone suggested that I was a newcomer and had no facts nor had I researched before writing the post, that is far from true. I did not want to write, cut/paste page after page of information on Warka pertaining to current investigations and alleged fraud, that is why I suggested each of you dig deeper. As another member suggested, do a drive by, yes, I believe I will. Good luck to those of you who have sent cash. Call Western Union and ask them about Warka.

[RET]

Here's my unwanted input ...

New members are just going to have to get used to this sort of 'treatment'. It's not really an issue of nay/yay saying ... but more of a matter of new members coming in with posts that are chicken little like. Members are more 'believeable' when they build up a little bit of a reputation. We don't know you Turkey, but you must admit, your first post would make many wonder what your agenda might be. For me, it's the approach. "GET OUT, BEWARE", those sort of posts aren't as readily accepted like "here's what I've found and why" are.

I don't see it changing, for the mere fact that many have done a lot of research and they've been here for a long period of time. Radars are up for posts such as yours, Turkey.

THERE'S some misinformation, bs and scare tactics being posted that frankly people are picking up on and they're not going to stand for it.

This place has been around long enough and there's been people that's been here for quite some time, that you bet your boots, you better have your facts straight and information to back it up with.

Now .... a username ... that can have hidden meanings at times. You (members in general) are just going to have to accept the fact that others are going to read into it or pick it apart or whatever.

Gotta have thick skin here. That's just a fact.

I'd say the key to being taken seriously is the approach and wording ... build your reputation.

[Jack Ball]

THERE'S some misinformation, bs and scare tactics being posted that frankly people are picking up on and they're not going to stand for it.


Most people only seem to pick up on the misinformation, bs and scare tactics when it would have a negative impact on their investment. When it the misinformation, bs and scare tactics being reported would have a positive effect, it seems to have little trouble being accepted as being true.

[SEABEE CAN-DO]

It would be much better if you are going to throw out buyer beware statements , to include you proof or concerns as to why you feel this way. you must include something to back it up. Anyone can say I live here or there.
If you have reasons to believe the belch it out.. I have a bunch of cash in that bank.. Or had????;)

[RET]

I think this doesn't apply to people who do due diligence, though.

There are people who read this forum and they make decisions based on just that, instead of digging a little deeper to validate the negative and/or positive pieces of information posted here.

[Lux]

Most people only seem to pick up on the misinformation, bs and scare tactics when it would have a negative impact on their investment. When it the misinformation, bs and scare tactics being reported would have a positive effect, it seems to have little trouble being accepted as being true.

Not quite - go read the history of the Rumor Forum and you will see a totally different story.

The issue here is misinformation. A first post declaring Warka a fraud just won't cut it here. Period.

All others can debate til there hearts content. If your agenda is to attack the integrity of this forum - then you won't last here very long - take that for what it's worth. We have better things to talk about and debate.

Edit: the "your" or "you" isn't applicable to you Jack Ball - it's to the '"general public"

[Jack Ball]

Not quite - go read the history of the Rumor Forum and you will see a totally different story.

Actually, it was the Rumor Forum that I had in my when I posted.

[Jack Ball]

There are people who read this forum and they make decisions based on just that, instead of digging a little deeper to validate the negative and/or positive pieces of information posted here.Very well said. That should be IIF's motto.

I would say more, but I don't want my knuckles to meet your yardstick for being off the original topic.

(or maybe I do):shhh:

[baz]

Wish you guys the best. Just wanted to point out in my previous message about Warka; however, each person has to make their own choices. I'm glad some of you enjoy my user name, it represents my location and how many years I have spent here as a US Government contractor. I have spent many years in the middle east as well and also have investments in Iraq. While you may find my post amusing, it is not meant to be, by any means. Investing in Iraq is a good idea for the long term. Investing your money in an "investment bank" (Warka) is extremely risky. Someone suggested that I was a newcomer and had no facts nor had I researched before writing the post, that is far from true. I did not want to write, cut/paste page after page of information on Warka pertaining to current investigations and alleged fraud, that is why I suggested each of you dig deeper. As another member suggested, do a drive by, yes, I believe I will. Good luck to those of you who have sent cash. Dont post pages of info about WARKA just a small titbit will do, just show one item of this latest fraud, and the fact they dont exist, prove this and I will say SORRY.
Just a tenny wenny bit will do/anything ...go on! do it!.

[RET]

Thank you, Jack Ball.

And actually, it's just a ruler. It's not as scary looking, but it does get the job done when need be. :lmao: :wave:

[Lux]

Actually, it was the Rumor Forum that I had in my when I posted.

Then you are reading the wrong forum or you have a lot of reading to do.

In fact I created SEPARATE forums for the Jackpot Speculators because they were tired of getting "beat up" by naysayers!

In the end, if you don't like the way the forum is - it is what it is.

This thread has run it's course.

Get Warka if you like - and don't if you don't like.

Just don't come onto this forum like gangbusters declaring Warka to be a fraud. It's an insult to everyone who has put time and effort into researching this opportunity and sharing it with us.

Respectfully,

:huge:
Lux