I wanted to open an account in a bank in Iraq in the summer of 2005. Seaching online I found information about Warka Investment Bank. I emailed them for information about opening an account and buying Iraqi Dinars for that account. I recieved the information, opened an account, and wired them $500. I was careful about working with a business I could not visit so I decided to test the system with just $500. After I wired the money, I could never get a confirmation that all went well or an answer to any emails. I did get an email from the bank CEO on 12/24/2005 wishing me a Merry Christmas and a Happy New Year. I figured I had been taken and was just happy that I limited my first purchase.
I see all of the talk about Warka bank and I wonder if it is the same people. I can not contact them either. They are suppose to be one of the larger banks in Iraq. The problems with communications does not make sense. I worked in Iraq for three years and communicated with home by phone and Internet.
My case may be an exception and Warka Bank may be good but remember, if a con man keeps one person happy and promoting him, he can cheat a lot of others.