Citigroup to open an office in Iraq

[k98nights]

Citigroup to open an office in Iraq

Published in: 2:09 pm, June 24, 2013 Editor: ipa 2

 

 

BAGHDAD (Iba) .. Said Citigroup said on Monday that the Central Bank of Iraq and agreed to the opening of a representative office to become one of the first international banks operating in Iraq since the US-led invasion in 2003.

The group said it will open office in Baghdad and also hopes to work in Erbil and Basra after the approval of the regulatory bodies.

Since last year, Gulf banks opened offices in Iraq, including Abu Dhabi Islamic Bank and National Bank of Qatar and no representation office for Standard Chartered bank is looking to open branches practiced all the activities this year.

In April, Bank said. S. BBC. Website that works in Iraq through a 70 percent stake in Dar es Salaam Investment Bank was being a review of its activities in the country. The bank did not elaborate but it is currently working on reducing its activities around the world.

Said James Coles, chief executive of Citigroup in Europe, the Middle East and African CFA said in a statement that the bank's presence in Iraq will help him on the design of the Iraqi client services and to provide opportunities for Citigroup customers outside the country to strengthen relations with Iraq.

The representative office will be headed by Dennis Flannery, who ran the Iraqi part of the activities of Amman in Jordan. (End)

 

http://ipairaq.com/%d8%b3%d9%8a%d8%aa%d9%8a-%d8%ac%d8%b1%d9%88%d8%a8-%d8%aa%d9%81%d8%aa%d8%ad-%d9%85%d9%83%d8%aa%d8%a8%d8%a7-%d9%81%d9%8a-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/

 

[sandfly]

THANKS

[robboys33]

The writing is on the wall...If citi group is opening a branch in Iraq then the rv is here...why would they open a branch in Iraq unless Iraq is going to have a tradeable currency. answer is they would not! 

[10 YEARS LATER]

Citi is big, REALLY BIG. They wouldn't waste their time unless they "knew" something BIG was coming down the pike.

Go RV

[SnowGlobe7]

So let me get this straight...after telling all of us it is a scam...and telling us they will not deal in the Dinar...they have opened a brach office there.....funny how that works

 

Why does this piss me off so much?!?!?!?

[sweet C]

Citigroup has had a bank in Vietnam since 94 or 95 and their currency is worthless. Not trying to be negative. Im just wondering if this warrents an RV?

[rockfl9]

Citigroups customers get dollars .  Citi wants a piece of that.. Not particularly interested in the dinar market , but of course it will as a service.  Note they call it only a representative office?

[R Veyron]

They announced that they were doing this a couple of years ago, nice to see that they are finally doing it. If they see Iraq as a solid investment, the rest of the world will Im sure.