Thread: Iraq/Dinar News. 09/05 to 01/14/07

The EJABY and ESAL accounts for doing transactions (eliminating) cash-based transactions would probably help curb corruption given everything would be able to be tracked by transaction.

Originally Posted by DayDream

Yep...I think your onto something CP Boredom comes in handy sometimes eh? That could very well be the device they use for the 10K hand-out (if/when they ever get it! ) Didn't SGS mention something awhile back about some kind of debit card through Warka that they would use for the 10K gift? You probably need her expertise here I imagine. But I do believe she stated something along those lines.

Cheers!
DayDream

their original plan was to give the money in tandem with the ration cards but decided that handing out cheques would be more secure but they were going to have the ration card department hand them out at the same time as the cards. then they decided they would not have the ration card people hand them out because of their safety and they would distribute them at the banks. i have heard one report of some kurds getting their cheques but it has not been confirmed with the other 2 or 3 kurd sources we have so i cant put much weight in it yet.

Originally Posted by CharmedPiper

Okay...check this out. I did a search on ESAL which is the other link on Warka but it is under construction. Look what comes up under google....BINGO!!!!!

Within a year eSal has grown to become the largest distributor of e-vouchers in ... Lebanon, UAE, and Syria, with corporate presence in Iraq and Croatia. ...

Now thats interesting! e-vouchers huh? When I think of vouchers I think of a system that is set up here in WV. When the new school year comes up the government gives those on welfare with children $150 for school clothes and school supplies called "vouchers" (like a credit card). Probably not related, but fits nicely with the 10k gift. Keep digging CP! Nice job so far!

Cheers!
DayDream

Guess who else uses and mentions ESAL from my understanding anyway......

Yep...you got it... THE WORLD BANK.

www-wds.worldbank.org/.../WDSP/IB/2004/06/18/000011823_20040618164006/Rendered/INDEX/293650JordanCAE.txt

In addition, Iraq is permitted "oil for food" trade with the proceeds from ... The ESAL, based on an energy sector study, sought to separate generation and ...


I feel a big ole' WOOOOOOOOOOOOOOOT!!!!

Originally Posted by CharmedPiper

It sure would be one way to get Iraqi's to open a bank account.

That is very true, if it is like Paypal they just have you verify who you are by placing a couple of very small amounts of money into your bank account and once you find out the amounts you just log in and put the amounts into the box and "presto" you are now verified to own that account, it's fool proof!

Originally Posted by CharmedPiper

The EJABY and ESAL accounts for doing transactions (eliminating) cash-based transactions would probably help curb corruption given everything would be able to be tracked by transaction.

from the most recent articles concerning the handout it is to be in cheque form distributed at the banks. and yes they would have to be at the bank to cash the cheques.

the online billpay is simply like our utility bills etc. each have their own 'online payment center' and banks have similar 'pay all your bills here' center. warka and others are just now catching up with the rest of the financial world. they have been using pen and paper remember up until now, when you complain about how long it is taking them to get all this done. it was and is a complete transformation for them essentially. i think they are doing remarkably well for having leaders that seem to drop the ball.

Originally Posted by shotgunsusie

their original plan was to give the money in tandem with the ration cards but decided that handing out cheques would be more secure but they were going to have the ration card department hand them out at the same time as the cards. then they decided they would not have the ration card people hand them out because of their safety and they would distribute them at the banks. i have heard one report of some kurds getting their cheques but it has not been confirmed with the other 2 or 3 kurd sources we have so i cant put much weight in it yet.

Susie? Wasn't that you or was it someone else who mentioned something about Warka/debit card awhile back? If it wasn't you, do you remember it being discussed?

Cheers!
DayDream

Here is another puzzle piece....IMF and World Bank utilized ESAL.

To critics, the IMF (with the strong backing of the United States) encouraged ... for an Emergency Structural Adjustment Loan (ESAL) [is] appreciated. ...

Compensating Finance Facility of the IMF. EFF. Enhanced Fund Facility. EIU. Economist Intelligence Unit. ERDL. Economic Reform and Development Loan. ESAL ...


https://www.oecd.org/dataoecd/53/14/36488608.pdf

Here is another coincidence....the last few links I posted pertain to the system used by Jordan......wasn't it documented by an Iraqi official that Iraq should come in somewhere comparable to Jordan as far as economic jumpstart???? I have a headache now but am I still going down the right road here???