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  1. #1
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    Is Warka on the way back?

    I consider this good news for Warka's future.
    (Anonymous source - Thanks!)
    Read the whole article focus on last paragraph.

    .....and to support weak banks and vacationed, in addition to re-Warka Bank in return for adequate safeguards for the provision of liquidity, being one of the banks that have pioneered and advanced.

    When the article comes up give it a second and you can convert to English.
    http://aynaliraqnews.com/index.php?aa=news&id22=35888
    Last edited by HumbleGenius; 04-08-2015 at 11:15 AM.
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    "Sumerian News", that "the real value of the coin is the value of goods received by the individual and on the strength of the national economy"

  2. #2
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    http://aynaliraqnews.com/index.php?aa=news&id22=35888


    Good Find HG!! Thanks


    Tuesday, April 7, 2015 | 01: 33 pm


    The parliamentary Finance Committee hosts a Central Bank Governor and senior staff Baghdad:

    The parliamentary Finance Committee, hosted Tuesday, headed by Ahmed Chalabi, Deputy Chairman and members of the Committee attending the Central Bank Governor and senior staff to discuss assets and net reserves and net domestic credit in the Bank's balance sheet and cash basis and effect of increasing the oil reserve to reduce cash basis.

    The Committee said in a statement it had received "into Iraq News" as discussed by hosting attended consultant and former Deputy Governor of the Central Bank and the Director-General of the Directorate of the Treasury and Director of the Directorate of accounts and banking and credit manager and Director of the Centre for banking studies and Director of the money laundering reporting Office at the Central Bank, assets and net reserves and net domestic credit in the Bank's balance sheet and cash basis and effect of increasing the oil reserve to reduce cash basis, and causes the movement of the exchange rate on the market Monopoly profits gap affecting the official exchange rate, and find the "microprocessors.

    The statement said that the Committee had discussed the banking law and the law against money laundering, money transfer companies numbering more than 1,500 companies, as well as the development of investment banking with bank liquidity to liquidity standards and to require banks to allocate credit and review statistics for the monetary and credit investments, total assets and overall systems ".

    He noted that the Committee had discussed the project, delete the zeros and the implications of the creation of financial groups facilitate storage and study of new factors and conditions in the market and inflationary effects and ways to maintain currency of fraud prior to implementation.

    Senior staff reviewed the oil economy property in Exchange for reserve economy properties and relationship between international reserves and the exchange market and the effect of rate of inflation, which affects the rate of dinar, the deterioration of the competitiveness of the country's industry and Agriculture and the bilateral real exchange rate and changes in it, and demand pressures on the foreign currency.

    His proposed Attorney Haitham al-Jabouri, a member of the Finance Committee, according to the statement, the Central Bank to address the Ministry of trade and industry on imports and exports in cooperation with the parliamentary Finance Committee, wondering about the overall management of the Bank in the Rafidain Bank and Rasheed to prevent acquisition (Income and Outcome) and the address of the Office of financial supervision to check volume walmalbgh the need for follow-up and financial management of the Bank on banks by the Central Bank because it is a problem of corruption in the sector, asking about the role of the World Bank regarding The issue of banks losing in Basra and Baghdad that do not have adequate reserves to pay all deposits and money laundering companies and help Islamic customs instruments and tax and surcharges and the implications of this deduction.

    For its part indicated mp Magda Tamimi table review funds Iraq since two thousand and three which has burst and frauds and thefts and contradiction to the Finance Committee in numbers through books by stakeholders, requiring the Central Bank to provide the Finance Committee representative data for the (DFI) and clarification about the sovereign fund project boast of foreign development funds and protection of Iraq abroad.

    For his part, justified the Central Bank Governor, responding to inquiries from members of the Committee not to project delete zeros because it doesn't decrease the paper size likely benefit larger groups to reduce the export volume in advance explaining about the deposit insurance system in favour of the proposal to the Finance Committee by selecting alasteradt from the Ministry of trade under the import of each platform and the need for Iraq to this article ".

    Also put forward solutions to the Rafidain Bank and Rasheed to reconsider the structure of these two banks and transferred to the private sector to improve and advance the parliamentary Finance Committee concerns about takhrhma affecting the private banking sector, stressing the need for the integration of private banks and banking activity in addition to the problems with the banking and the facilities offered by the Bank for Islamic banks to keep pace with the global trend in this area, supporting the weak banks and certification, in addition to the Warka Bank for adequate guarantees for the provision of liquidity, as banks that have experience and advanced In management and funding.
    Last edited by RogueTurtle; 04-08-2015 at 11:56 AM.

  3. #3
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    This is all great news. Does anyone have any idea when we might start to see signs of life from Warka? Any time table on it rising like Phoenix from the ashes?


    Quote Originally Posted by RogueTurtle View Post
    http://aynaliraqnews.com/index.php?aa=news&id22=35888


    Good Find HG!! Thanks


    Tuesday, April 7, 2015 | 01: 33 pm


    The parliamentary Finance Committee hosts a Central Bank Governor and senior staff Baghdad:

    The parliamentary Finance Committee, hosted Tuesday, headed by Ahmed Chalabi, Deputy Chairman and members of the Committee attending the Central Bank Governor and senior staff to discuss assets and net reserves and net domestic credit in the Bank's balance sheet and cash basis and effect of increasing the oil reserve to reduce cash basis.

    The Committee said in a statement it had received "into Iraq News" as discussed by hosting attended consultant and former Deputy Governor of the Central Bank and the Director-General of the Directorate of the Treasury and Director of the Directorate of accounts and banking and credit manager and Director of the Centre for banking studies and Director of the money laundering reporting Office at the Central Bank, assets and net reserves and net domestic credit in the Bank's balance sheet and cash basis and effect of increasing the oil reserve to reduce cash basis, and causes the movement of the exchange rate on the market Monopoly profits gap affecting the official exchange rate, and find the "microprocessors.

    The statement said that the Committee had discussed the banking law and the law against money laundering, money transfer companies numbering more than 1,500 companies, as well as the development of investment banking with bank liquidity to liquidity standards and to require banks to allocate credit and review statistics for the monetary and credit investments, total assets and overall systems ".

    He noted that the Committee had discussed the project, delete the zeros and the implications of the creation of financial groups facilitate storage and study of new factors and conditions in the market and inflationary effects and ways to maintain currency of fraud prior to implementation.

    Senior staff reviewed the oil economy property in Exchange for reserve economy properties and relationship between international reserves and the exchange market and the effect of rate of inflation, which affects the rate of dinar, the deterioration of the competitiveness of the country's industry and Agriculture and the bilateral real exchange rate and changes in it, and demand pressures on the foreign currency.

    His proposed Attorney Haitham al-Jabouri, a member of the Finance Committee, according to the statement, the Central Bank to address the Ministry of trade and industry on imports and exports in cooperation with the parliamentary Finance Committee, wondering about the overall management of the Bank in the Rafidain Bank and Rasheed to prevent acquisition (Income and Outcome) and the address of the Office of financial supervision to check volume walmalbgh the need for follow-up and financial management of the Bank on banks by the Central Bank because it is a problem of corruption in the sector, asking about the role of the World Bank regarding The issue of banks losing in Basra and Baghdad that do not have adequate reserves to pay all deposits and money laundering companies and help Islamic customs instruments and tax and surcharges and the implications of this deduction.

    For its part indicated mp Magda Tamimi table review funds Iraq since two thousand and three which has burst and frauds and thefts and contradiction to the Finance Committee in numbers through books by stakeholders, requiring the Central Bank to provide the Finance Committee representative data for the (DFI) and clarification about the sovereign fund project boast of foreign development funds and protection of Iraq abroad.

    For his part, justified the Central Bank Governor, responding to inquiries from members of the Committee not to project delete zeros because it doesn't decrease the paper size likely benefit larger groups to reduce the export volume in advance explaining about the deposit insurance system in favour of the proposal to the Finance Committee by selecting alasteradt from the Ministry of trade under the import of each platform and the need for Iraq to this article ".

    Also put forward solutions to the Rafidain Bank and Rasheed to reconsider the structure of these two banks and transferred to the private sector to improve and advance the parliamentary Finance Committee concerns about takhrhma affecting the private banking sector, stressing the need for the integration of private banks and banking activity in addition to the problems with the banking and the facilities offered by the Bank for Islamic banks to keep pace with the global trend in this area, supporting the weak banks and certification, in addition to the Warka Bank for adequate guarantees for the provision of liquidity, as banks that have experience and advanced In management and funding.

  4. #4
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    Quote Originally Posted by buck74 View Post
    This is all great news. Does anyone have any idea when we might start to see signs of life from Warka? Any time table on it rising like Phoenix from the ashes?
    I do, but I'll be damned before I post it here. Admin censorship keeps me from posting anything relevant here. Did 4aprofit burn out? Adam would know right?

  5. #5
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    Good to hear from you

    Quote Originally Posted by Kickabuck View Post
    I do, but I'll be damned before I post it here. Admin censorship keeps me from posting anything relevant here. Did 4aprofit burn out? Adam would know right?
    Hey Kick! Is the answer possibly 'when hell freezes over?'. Can't imagine it will be 'soon' and that is an Iraqi 'soon'. But I have no idea. Shoot I started the thread and I am not sure I believe it will ever comeback.
    ---------------------------------------------------------------
    "Sumerian News", that "the real value of the coin is the value of goods received by the individual and on the strength of the national economy"

  6. #6
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    Quote Originally Posted by HumbleGenius View Post
    Hey Kick! Is the answer possibly 'when hell freezes over?'. Can't imagine it will be 'soon' and that is an Iraqi 'soon'. But I have no idea. Shoot I started the thread and I am not sure I believe it will ever comeback.
    We'll likely never be able to predict when the outcomes will happen, but I think the recent news indicates trends that are in our favor.
    We just need some more patience, which is understandably difficult given the length of time and frustrations we've had on the forum. I'm hopeful too that it'll work out in the end.
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

  7. #7
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    So, whats happening with Warka ?????????????????????????????????????????

    They back ?????????????????????????????????????????????????? ??????????

  8. #8
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    Quote Originally Posted by Will-it-happen? View Post
    So, whats happening with Warka ????????????????????????????????????????? They back ?????????????????????????????????????????????????? ??????????
    Not yet. I think they all had to join ISIS to kill the Shiites running the country but they have Bagdad surrounded and infiltrated so should be back any day once they kill a ton of people who stole all there money and put them out of business.

  9. #9
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    Quote Originally Posted by ComingtoDinar View Post
    Not yet. I think they all had to join ISIS to kill the Shiites running the country but they have Bagdad surrounded and infiltrated so should be back any day once they kill a ton of people who stole all there money and put them out of business.
    except the Kurdish branch which never closed

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