Zig’s Place Chatroom News Friday PM 12-10-21

Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

butterfly    Dave thought you would enjoy some of the ones I've been posting lately. I see you haven't been in for awhile, so you might want to scroll up and see the good news.

Dave   ......almost.......out of Ch 7.......

butterfly   Dave Bingo

Dave   CBI in no hurry though.....

butterfly   TBI I think the other name that Seck told us to look at and I posted an article about their banking situation.

Dave   missed that

butterfly   the article?

Dave   yep

butterfly   crap, now I have to see if I can find it.

Dave   no worries...awaiting a Govt to pass some laws....private banking laws would be nice fer foreign investment

butterfly  This article should give you information on that bank. https://www.devex.com/organizations/trade-bank-of-iraq-tbi-120898 The Trade Bank of Iraq was established in 2003 and is the top commercial bank in the country, the bank holds approximately 80% of the trade finance business ...

Dave   requires private banking laws to protect foreign investments

Dave  then trade will start????

Dave   then WTO once out of Ch7?

butterfly   https://tbi.com.iq/home/

butterfly   As it stated they hold 80% of trade finance business......now read that again.

Dave   ???? missing that......

butterfly   Here is part of the article: TBI was established by the Coalition Provisional Authority on 17 July 2003 as an independent government entity to provide financial services to facilitate import and export of goods and services to and from Iraq. TBI was licensed by the Central Bank of Iraq and commenced its operations one month after the decision to establish it as a government financial institution had been taken.

Since then, TBI has grown into a leading bank in Iraq through strengthening its financial position, assets, and equity. TBI started with paid-up capital of USD 5 million (authorised capital: USD 100 million) in July 2003 and the paid-up capital increased to IQD 1.75 trillion (USD 1.5 billion) as at the close of 2015 by capitalisation of retained earnings. TBI recorded an annual profit of USD 454 million during 2016. The bank quickly developed into an organization with an asset base of USD 19.7 billion as at the close of 2016.[1]

In the first year of operation TBI was associated with a consortium of international banks led by JPMorgan Chase. During the startup period, the consortium offered TBI technical support and banking know-how and it has been issuing and confirming letters of credit and letters of guarantee on behalf of TBI.

The consortium remained at the heart of TBI's correspondent network and had been a key element in the successful growth of TBI's trade business. https://en.wikipedia.org/wiki/Trade_Bank_of_Iraq

Dave   Trade within Iraq......

butterfly   Dave what can I say. I post and hope people read and understand, but here we are in just another day.....

butterfly   Foreign offices

TBI opened a Representative Office at Abu Dhabi Global Market in UAE on 26 November 2017. It is the bank’s first office outside of Iraq.

TBI also opened a branch in Riyadh, Saudi Arabia in April 2019.[2]

Dave   CBI aint doing diddly until All their ducks are lined up.....IMO

butterfly   Trade Bank of Iraq (TBI; Arabic: المصرف العراقي للتجارة‎) was established in July 2003 to facilitate Iraq's domestic and international trade dealings once the United Nations Oil-for-Food Programme ended in 2003.

Dave   CBI could have paid out Kuwait easily years ago

butterfly    international trade dealings

Dave   International trade dealings while under Ch7?

butterfly   TBI

Dave    yadda yadda maybe just regionally not yet global

butterfly   2003

Dave   oil companies just starting to Re negotiate......better than pulling out

Dave   WTO.......then Global trade?

Dave   no wto while ch7

Dave  some Horse trading with their neighbours is my take

Dave  Read Chevron now talking with the Kurds......Baghdad questions that......who gets and pays from those disputed territories

Dave   White Paper very promising.......still awaiting results from Court if the elections were rigged or not

Dave   Elections turn out to be rigged.......I will take a long nap.........

Dave   Investing in Maliki et-al make no sense to me

Dave   ...wonder if it makes sense to Big Businesses ?

Dave   butterfly 19.7 billion.........our flooding here alone gonna cost that much alone to fix

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