[topgun3182] millionday .. You said the "apps" are on their sites for the MasterCards .... Is it possible to see one of the sites and the "app" your speaking of? Are citizens actively ordering and receiving the cards? Once they are in the hands of a citizen ...
Then is the money getting transferred? (I know ... lots of questions .. hope you have answers and eyes in IRAQ that all is being accomplished) THANKS
[millionday] marketralley right it is comparable to the crash of our great depression - it took along time for the citizens to trust in fact it almost took a whole new generation - i dont know about you but my grandparents never got to the point of trust
[Papatom] millionday i thought they were also pulling the 25k notes also as they could.
Read More Link On Right
[marketralley] yup. Kept money under mattress
[wmawhite] millionday ....this why I understood that article (delete 3 zeros) to mean that they will conclude/finish the process began last August.
[millionday] however --- they have no control over the pricing and the need for smaller bills and this is not the economists of the world first rodeo
[marketralley] iraqmattress iraq will have to make the old bills illegal
marketralley] is it true that. The American banks that are opening up in Iraq are not doing banking. Only helping other banks with logistics? Tat they can't do tradi oral banking until they become international status?
[millionday] topgun3182 i read that they have an app on baghdad bank i believe -- i will look around for them and also they did report and show pictures of the cards and state that they were giving them out for retirees widows ect to wait for the money to come and then last week they were sending them to account holders
[millionday] see this is the thing as we get them in the mail without any control -- that is what they are doing there
[wmawhite] marketralley .......no.....they are conducting banking.
[millionday] they set up their mail system a long time ago to take control of this
[millionday] also- they are doing banking and when they can not take their 25000 note to get anything as in the store will not have the change -- they will go to the bank - they will be forced - and also the media has been stating how this will be for a long time
[topgun3182] millionday .. Thanks for the answer to my questions ... As all of us .... CAN'T wait to no longer WAIT !!
[millionday] it is different in iraq in their television - they have hundreds and hundreds of news stations even locally - it is crazy - so the news that one hears is not the news another hears
[schmidtberger] does anyone find it interesting goi doing mastercard while bank of bagdad doing visa??
[millionday] but the papers are respected
[Papatom] millionday i guess they don't have time to watch duck dynasty....
[millionday] i find it all interesting but i am a dork lol
[peppermint] millionday so if the people aren't working, and they have no money...they are just sitting around listening to the news
[millionday] no -- there is work just not enough and i am sure the women have run the men out of the house by now lol - all jokes aside
[peppermint] millionday lol very true
[millionday] we are not talking about stupid people here - we are talking about farmers and city folks the same as we have - they have educated grandkids ect as we would
[millionday] so with the media and with the hope of money coming on the cards and months of talk of it -- they will like to have the card
[peppermint] millionday that makes sense
[millionday] i think that sometimes people confuse the fact that they speak a different language with that they are stupid --- the pictures they show remind me of the ones for the building of wells or helping the children -- those photos are chosen
millionday] they are not stupid people --- just the media tries to minimize the risk here at times when they think we do not feel secure
[bluedog2] millionday the media is still representing a third world country. They will adapt as things improve.
[millionday] so they show weird pictures of the poor
[millionday] they are being forced into the 21st and trained ect as we did
[bluedog2] Like the media mentality here is Holywierd and not what is real.
[millionday] pull up a picture of baghdad -- it looks like the jetsons - look at the new cbi – wow - it looks insane how advanced it appears - i can tell you something that new or i should say sort of
[marketralley] Millon, can you explain how USA banks are doing banking in Iraq if they do not have an international currency?
[millionday] the pipe line with turkey was bombed again -- can you believe that -- talk about job security for those rebuilders
[millionday] marketralley they are just getting set up is my understanding but i will see if i can find something out about it
[millionday] i know that they dont have iraq on their sites here as a country they do business with yet
[marketralley] ok thanks. I read that cities just helping bank of Baghdad
[millionday] and the exchange rate is not on the sites either
[marketralley] not actually doing banking
[bluedog2] millionday It is important to remember the prison break at Abu Ghraib was 500 Al Quaida operatives, mostly high level. Al-Quaida will make another play for Iraq. I pray we have the sense here to back the government, and not the terrorist.
[millionday] right and the US is backing iraq and so are all of their allies to gather them up
[bluedog2] I pray that's right. Most are probably in Syria by now.
[millionday] they say that most are from Syria - i think it is a political ploy to get resolution but who am I - they dont tell us everything
[bluedog2] millionday true story
[letsroll] millionday I put a post up to be approved, it is a Iraq /forum extremely interesting if you think Iraq is filled with donky's pulling wooden carts think again they are on the move ... thanks for all you do... back to work
[millionday] letsroll thanks hun
[bluedog2] letsroll True, and remember, Iraq was very much 20th century under the oppressive regime of Hussein. They lost all of that during the wars, and the people want that level or better back, now.
[millionday] have a great day sweety
[millionday] right -- all they are doing is bringing them the most advanced technology available and remember this
[millionday] iraq was the only country that was not effected by the global condition so they say -- i am sure there are small ones ect but as far as the giants that is what they tell us and it makes sense so
topgun3182] millionday ... Was it not reported that CITI opened a branch in Bagdad just after the Ch VII vote ... AND was operating ?? I seem to remember a picture of Maliki and the CITI official from who was the VP of Far East operations or something like that ... making the announcement .. ??
[millionday] we can expect for all to be very excited to bring out those reserves and stabilize their own -- so we as a world are right now learning to share an opportunity and we are learning how to listen to professional economists to benefit many hard headed politicians and the position they hold among other things
[marketralley] Top...I believe they are only helping bank of Bagdad
[millionday] topgun3182 yes i have seen it
rudie, tell million ssdd, make progress, blow crap up, when will they learn?
[millionday] this is not a little thing but they have to open the money and move forward -- it is not cost effective at all to have many standing around waiting
[millionday] the banks are not there to help -- help is good if it leads to money in the world of business
[millionday] now yesterday we saw a report that it has begun --- so we will see what happens
[millionday] i am going to go look for some more news
[Papatom] millionday the banks ARE there to make money! they'll help with lending..... and corps.... and deposit retail business will be what they HAVE to do....
[millionday] i still think it is funny how letsroll put that - wagon of dung -- lol
millionday] Papatom right but if we just pull up our banks that are there to do international banking -- there is no mention of iraq
[Papatom] millionday pull up.... you mean like look in the news HERE????
[millionday] so it will be on there or they would not be able to explain to their own stakeholders the expense of the move and the building ect ect
[millionday] Papatom the bank sites
Papatom] millionday I think the explanation is in the holding
[millionday] yes they are waiting too and preparing
[Papatom] what i mean to say is..... each international bank.... like CITI... is part of an International holding company
[Papatom] so when Citi was going bk in the U S we thought it was a great big deal.... but CITI in South America, or London, or...where ever... was not even affected....because they are broken up into different COs.
[millionday] yes but thats is not the only part of international banking they are taking part in -- you should be able to check the rates and opps there as you can with all other international banks they are located at
[Papatom] millionday I would think you'll be able to ...as soon as it is accepted.... they can't admit it if they aren't willing to trade the currency... but the day that happens....everyone will be there and operating... and we will see that it was under "a different" arm of the bank.
[millionday] Papatom right that is exactly what i am saying -- it will have iraq on there when they are exchanging i would assume
[Papatom] that goes along with the 4x trading interbank and HUGE 4x banks do.... they don't even claim their true numbers in country....the country they are housed in.... they keep 2/3 of their money in the 4x market so it doesn't have a value....! it's forever changing...
[millionday] now this was done on the 19th but it was sent to me so i am not sure where this report came from
[millionday] The Iraqi government on Friday (July 19th) announced a series of new measures that aim to reduce terrorist financing and money laundering. These include closing unlicensed car import companies as well as money transfer and exchange firms that have not been authorised by the Central Bank of Iraq, Iraqi national security advisor Faleh al-Fayyadh told Mawtani.
[millionday] They also involve imposing strict surveillance on money transfers to Iraq from foreign countries, particularly those where unrest and terrorist activities are prevalent, he said. Measures also will be tightened on private banks, which must inform Iraqi financial authorities about suspicious transfers, particularly if beneficiaries are suspected of terrorism, al-Fayyadh said.
[Papatom] millionday this goes right along with an article you posted a couple of weeks ago where the CBI was reducing the number of money outlets (changers)
[millionday] now this is interesting -- i agree
[millionday] ok i dont see any new laws or anything new to bring right now so that is roundtable for today and i will see you at 730 est for news time