[millionday] And U.S. Ambassador Beecroft said during the official opening ceremony of the exhibition on 10 October that the presence of companies participating in the exhibition from the United States is a testament to the strong economic ties that bind our two countries together. American companies and see long-term opportunities in this market are increasingly Iraqi.
Here, prospective investors should of course be ready to meet the safety concerns in Iraq. And resulted in heightened security measures in the vicinity of the exhibition and its neighboring districts to slow the movement of pedestrians but it did not affect the enthusiasm of the visitors to the exhibition.
Exhibition has been done successfully and safely despite a decision by the Iraqi authorities to end the show early in today the last Xroaleom.
Read More Link On Right
millionday] Was welcomed by representatives of U.S. companies the opportunity for them to discuss arrangements for future business with potential partners and to answer questions posed by visitors enthusiasts.
However, the answer to the question Alokbralve he frequented on everyone's mind on the last day of the exhibition, a declaration winner Saeed drawing lots Ford Escape, a chemistry teacher in high school and who got a new way to transfer a resident of the city of Diwaniya, 180 km from Baghdad. About the Author: The author is a minister for public affairs adviser at the U.S. Embassy in Baghdad, Iraq
millionday] shazzzzaaaaaaaammmm!! that is great -- we had no idea the fair was that successful at the time of the fair -- i find it very interesting that they wait until now to release this information --- they never said much about its success then and i wonder why --- this thing was massive!!
[millionday] obvious signs of a very close entry to a free market economy and the globe smile -- they provided a pick up agent and only sent in usd -- now that is also suspended and they do not yet have them listed as senders either brb with some more
[wilbur48] MILLIONDAY DID YOU SEE THAT TURKI STOPPED DEALING WITH WESTREN UNION..
THINK IT MIGHT BE AWAY TO MAKE PPEOPLE USE THE BANKS.. It was a statement of the bank, said earlier that the Director of Iraqi Mistira Bank Abdul Basit Turki summoned representatives of the "Western Younine" in Iraq, and discussed with them the future of the company comes this new resolution to stop dealing with the company den statement of reasons. Ended
[millionday] wilbur48 no i disagree -- let me tell you what i think it is
[millionday] it is the meeting that Iraq had with western Union to set up wiring from Iraq to the world that had to wait until they entered the world economy to be set up -- modern banking --- allows wiring and international banking relations and services etc --- they are setting up western union in the country of iraq
[Flygirl02] [Flygirl02] MD. are you thinking that mtg on the 14th would have to be before rv?? Or announce it then???
[millionday] i am not sure at all -- but it sure is encouraging with what it appears the meeting is for and the attendees
[millionday] did you see what i said wilbur --- ? and did you say that western union has stopped wires to Iraq ? wilbur? smile
[lorijeanmarshall] millionday Turki cancelled the Western Union deal
[Smokey Mtn. Dinar] millionday I thought Western Union was already set up IN Iraq. Or are you saying that they are saying they need to wait before they go international?
[wilbur48] yes but it is my understanding that iraqi can transfer money to and from iraq before they stopped it
[millionday] they already have wires to Iraq they never could from iraq
[lorijeanmarshall] millionday Want me to find the article in the forum?
[wilbur48] yes they stopped the wires
[millionday] they could not send from Iraq just to until they got the entire banking set up they were expected to shut it down and they have to to set up the new country
[Dovi] millionday article today said they cancelled
[millionday] i worked for western union for three years -- that is great news they stopped the wires to iraq -- and i mean great
[wilbur48] ok that great
[millionday] yes i loved it yes lori that would be great thanks hun
[cookie2] millionday Why?
[lorijeanmarshall] millionday Here it comes
[millionday] why what?
[lorijeanmarshall] Central Bank’s decision to stop dealing with “Western Union” cause confusion in the currency market - Baghdad-Iraq press – the Central Bank stopped deal with company “Western Union”, a global company with which to transfer funds around the world,
commercial services in a safe and quick way to transfer money, owns approximately 270,000 agents worldwide in more than 200 countries and headquarters of several, the size of the company’s revenues to 3 billion dollars a year.
In the meantime, said Falah Al-Rubaie, Economist, to “stop dealing with solid global corporation operating in most countries, an unhealthy and detrimental to the economic and social aspects of the country”, adding that “Western Union services for Iraqis to transfer funds from and to Iraq, used by most living outside the country.”
Economist, explained that “this action adversely affects a large group of Iraqi families that converted funds to their relatives, as well as the negative impact on trade and investment”. He continued by saying that “such decisions may affect the reputation of the country, the challenge of development investment, Iraq suffered a lot in this aspect.”
A statement of the Bank, said earlier that the Bank Manager Abdul Basit Turki summoned representatives of the “Western Union” in Iraq, discussed with them the future of the company for this new resolution to stop dealing with the company reasons. -
[cookie2] millionday Why is it good news?? Because they are getting ready to change the rate????
[tbob] millionday why is it great news they stopped the wires?
[millionday] i said that it is good news that they stopped the wires because they would stop them to change it to an updated service consumer /country and be able to send wires as well ---- imo
[cookie2] millionday TY
[millionday] let me check another service that someone told me about -- i talked to a contact person and they told me something interesting was coming and you all reminded me -- let me check and brb
[Papatom] millionday i think there is some confusion over sending wires TO Iraq and sending wires FROM iraq ...... what you are saying is that by shutting down...they will be able to send FROM iraq
[millionday] yw all the time hun
[millionday] yes i meant from -- sorry smile ---- they could send to iraq just not from Iraq directlybrb
[millionday] Visit a Western Union® agent location near Baghdad to send or receive money, purchase a money order, or pay bills. Western Union is a quick and reliable way to send and receive money, send bill payments, purchase money orders, or sign up for a prepaid card. . .Search By: Address Agent Name .. Country Iraq
[millionday] smile this was not there now it is it was there for receiving but not for sending and paying bills etc
[sabney10] This is exciting!
[cookie2] millionday Whoooooooooooop Whooooooooooooooop!!!
[faith1] WoW ,,,,, more progress !!
[wilbur48] MILLIONDAY YOUR THOUGHTS http://www.theswiftcodes ··· om/iraq/
[Papatom] millionday now THAT'S progress!!!!!
[millionday] very interesting that they have an article stating they are not doing business but they are receiving and they have updated site to include these options that are not available today but have updated the site for future use it appears
[millionday] wilbur48 sure brb
[faith1] wilbur48 wow It list Iraq and can see alll the banks there set up with swift codes ,,, very nice ,,, Thanks !
[millionday] the swift codes were being worked on according to the report we had as recent as last night for the banking system
[Smokey Mtn. Dinar] What are Swift Codes?
[millionday] they are identification numbers for that bank
[sabney10] I was about to ask the same question.
[Smokey Mtn. Dinar] OK Thanks
[sabney10] oh. thanks.
[millionday] the numbers each mean something and you have to have them to wire money
[wilbur48] only 3 have the complete code
[millionday] and many other things but for certain to wire money -- you mean a location?
[aJw70] Are swift codes for all banks or just the ones that are international
[wilbur48] most end with xxxx
[millionday] that is amazing that as recent as yesterday they were asking for the swift codes to be listed
[millionday] all banks
wilbur48] 3 are good to go
[millionday] SWIFT code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers.
Banks also used the codes for exchanging other messages between them. The SWIFT code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
•First 4 characters - bank code (only letters)
•Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
•Next 2 characters - location code (letters and digits) (passive participant will have "1" in the second character) •Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits) Currently, there are over 7,500 “live” SWIFT codes. The "live" codes are for the partners who are actively connected to the SWIFT network. On top of that, there are more than 10,000 additional codes, which are used for manual transactions.
These additional codes are for the passive participants. The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium.
[wilbur48] the rest are not completed
[millionday] yes but the last four are for the locations hun -- not an issue -- they just have to code locations
[millionday] they may only have a few banks that wire to other banks to start with -- could be being worked on --i would think they are having trouble with that brand new concept of coded locations --
millionday] so i think the fact that they have added to the list of countries to send from Iraq and they have obviously been doing the work quickly on the swift codes for wiring --- and they are announcing to the citizens that western union is down because they are cancelling it --- is very encouraging