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Could The IQD Be Int'l? CITI Bank Is Now Trading IQD.


Luigi1
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12 hours ago, Synopsis said:

 

I suspect the "spread" or "profit" and exchanging entity in the USA and other countries would make on exchanging currencies will be much less once the IQD goes international.  The "spread" or "profit" on the IQD most likely won't be known until the IQD goes international.

I agree.  Once IQD goes live, the banks should be competing for the new influx of cash and the spread will be much lower.

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12 hours ago, gregp said:

Roughly a year ago Citibank opened up a branch in Iraq.

Yep, from the Citibank site:

Iraq

History
Citibank N.A. ('Citi') was first established in Iraq in 2013 and now has a permit to operate a Representative Office in the capital city, Baghdad.

Businesses
We are a leading provider of financial products and services including Citi Transaction Services (encompassing trade finance and cash management), treasury (including foreign exchange plus derivatives and hedging solutions); loans and overdrafts; corporate finance; and investment banking services – all of which are provided on a cross-border basis from Dubai, Amman and other Citi locations. We also offer CitiDirect, an electronic banking platform for corporations.

For More Information:
Dennis Flannery
Phone: +962.6.590.2443
Email: dennis.flannery@citi.co

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3 hours ago, Debtorprotector said:

Greetings. I am new here and in New Zealand. Any other antipodeians here? 

Merry Christmas And Welcome To DV ! B)

We Have Several Members From Down Under - If That's What That Word I Can't Pronouce Means ? :blink:

:D    :D    :D

 

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