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Guru Walkingstick explaines at length the metamorphosis of the currency auction suspension and the process to transition over.

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Guru Walkingstick explaines at length the metamorphosis of the currency auction suspension and the process to transition over.

Post  Ponee on Mon Feb 26, 2018 2:53 pm

  Newshound Guru Walkingstick


   [via Manaolona3]   [...Guru Walkingstick explained at length the metamorphosis of the currency auction suspension and the process to transition over.  


CBI suspended currency auction to enable them to complete conversion from "old" to "new" system...CBI sent formal notification (memo) to all financial institutions (entities) i.e., banks, money transfer companies,  exchange companies about change banks, transfer companies, currency exchange companies must fully integrate their systems in accordance with and in compliance with new CBI systems requirements...all entities are given specific time-frames (different time slots) to complete the conversion to new CBI system requirements, and are given allotted dates to complete their tasks to test their systems with the new CBI system requirements to ensure all systems are "go" for successful implementation...(LIVE) interface.]



  [There are approximately 7 state-owned banks, 9 Islamic banks, 23 commercial banks, 15 foreign branches of foreign banks, 34 money transfer companies, 2K exchange companies, 2 companies that provide electronic banking and smart card services with 800 branches throughout the provinces of Iraq.  IMO, the CBI has a target date to LAUNCH once all financial institutions have successfully completed their conversion.]   Memos, were received...by...diff entities, for...diff time slots/ allotted dates...for reason/s... Well done,  Manaolana3...   


02.26.2018

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