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Wolfy’s Bank Story: Walter asked me to post this--It a few days to weeks old but here goes..
Got called by my bank that the dong was fluctuating and they wanted me to know that. Said they would call me back. I decided to get dressed and go on down to the bank. She (WM)was very busy and I had to wait in between her other customers.
Yes for some of you that think WM have nothing to do except help us all day--they do have a job to do with other customers. Now, The dong was still showing "pending" but from time to time the screen would blink and the "pending" would go away.
It was then we would try to push thru and exchange. Let me tell you this because most of you probably havent gone thru this.
It was the most stressful thing I have done lately--I am physically and mentally exhausted..
Several times the screen did not show "pending" but most of the time it did. It was rough for several hours. I am not supposed to quote the rate but I can tell you it was over a dollar,,even over more that that but I cant say any more that that and yes I did see the screen.
Once while I was waiting on the WM to work with someone else--one of the tellers came over and asked if she could help in some way. I told her no thanks because the WM had told me it wasnt showing on their screens and they didnt know anything about this at all.
Well I finally had to leave because I had to pick up my son from school. I left knowing the rate was there and that I almost had it but---DRAT -I spent all that nerve racking stressful time trying and failed. I was hoping to bring back incredible news but I am sorry to say I failed.
One11Freedom: Japan seeks piece of action... In the financial sector, Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corp. and Mizuho Bank are mulling restarting some money-wiring service to Iran now that the ban on currency exchange contracts and other transactions will be lifted. The service will cover non-dollar currencies such as the yen and euro. Insurance companies can also issue trade policies lasting longer than two years. http://www.irna.ir/en/News/81935547/
One11Freedom: Woo wooo, here comes the gravy train..."President Rouhani in Italy, as Europe woos Iran" The Iranian leader touched down in Rome accompanied by more than 100 ministers, officials and businessmen who are expected to help him clinch deals worth billions in trade and investment, topped by a major order for new Airbus planes. http://www.thenational.ae/world/middle-east/president-rouhani-in-italy-as-europe-woos-iran?
Appaloosa: IN CASE SOME OF YOU HAVEN'T SEE OR READ ----->>>>> http://www.dawn.com/news/1234980/iranian-rial-gets-a-boost-as-sanctions-lifted
Hooch000: Clip from the X-files. Wow the arrogance of the dark side. http://youtu.be/Fgj_wlW-Ty4
Tishwash: SWIFT to restart services to Iran by Jan. 31
Tehran Times Economic Desk
TEHRAN– The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31, said Central Bank of Iran (CBI) Governor Valiollah Seif.
Seif said there are only some technical issues to be resolved before SWIFT system comes on stream on January 31.
He said, “During the period that west-engineered sanctions were imposed on Iran, SWIFT had not stopped its services to Iran completely, and only some banks had been blocked.”
For Iran to resume business with the global banking world - for the first time since 2012 - its banks need to be linked to overseas lenders on SWIFT.
SWIFT lifted bans on the Iranian banks as the implementation day of the Joint Comprehensive Plan of Action (JCPOA) formally started on January 16.
SWIFT is a global supplier of secure messaging services and interface software to wholesale financial entities. It is a secure private network used by nearly every bank around the world to send payment messages that lead to the transfer of money across international borders.
In early 2012, SWIFT said it had been instructed by the European Council to discontinue its communications services to Iranian financial institutions that are subject to European sanctions. Accordingly, it blocked 30 Iranian banks from using its service thus literally cutting off Iran from the global banking system.
Walkingstick: Economist: lack of confidence in banks and withdraw money, including behind the rise in gold and the dollar
Economy and tenders since 01/25/2016 18:28 pm (Baghdad time)
Special - scales News
Said spokesman Antoine economic expert, said on Monday that the lack of confidence in local banks and withdraw money, including behind the rise in gold and the dollar in the market.
Said Antoine L / scales News /, that "lack of confidence" local Iraqi banks "by citizens led to the withdrawal of money from banks," stressing at the same time that "most citizens have storing money in Iraqi currency, and this resulted in the rise in the dollar and gold in the market." .
He said economic expert, said he "can lower dollar prices in the region through the dollar pumping larger markets and scaled through the use of censorship," .anthy 29/34 R.
http://www.mawazin.net/%D8%AE%D8%A8%D9% ... 8%A7%D8%B1
Emailed To Recaps:
SamT: Full X-files episode from yesterday
Zimbabwe ATMs run out of US Dollars, citizens prepare for Chinese Yuan ATMs
A snap survey by the Zimbabwe Independent has found that there is a biting cash shortage which has forced banks to lower their daily automated teller machine (ATM) withdrawal limits from $3,000 to $800, the newspaper reported on Friday.
The newspaper continued to report that some locally-owned banks had long suspended dispensing cash at most of their ATMs, with a government-owned bank going without ATM transactions since the festive season in an effort to manage the cash shortage.
The Zimbabwean market is reported to usually experience cash shortages during the festive season when civil servants, who constitute the bulk of the formal workforce in the country, receive their December salaries plus their annual bonuses.
But the situation is said to have gotten worse last year, starting late November, according to the newspaper.
Banks were also reported to have suspended interconnectivity through ZimSwitch, an electronic payment platform for local banks, at their ATMs or for specific banks.
A banker who spoke to the Independent on condition of anonymity confirmed that banks had suspended transactions on ZimSwitch to reserve cash only for their customers.
“What we are simply doing as banks is we are saying let’s stop giving money to everyone with a ZimSwitch ready card and preserve it only for our internal clients until the situation normalises,” said the banker.
Zimbabwe adopted a multiple currency regime that is dominated by the US dollar in 2009 after a decade of hyperinflation and economic stagnation.
The Zimbabwe dollar was demonetised last year and the country recently adopted the Chinese yuan after Beijing confirmed it would cancel $40 million in debts.
– African News Agency