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  1. #1
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    opening British Bank opportunity to attract international companies to invest

    Vice: opening British Bank in Baghdad the opportunity to attract international companies to invest in the country



    06-09-2013 07:20 AM

    Baghdad (newsletter).
    Member of the Economic Committee of the National Alliance MP Hussein almerapi, said the opening of a British Bank in Baghdad is an important step to bringing global investment companies in Iraq.

    Said almerapi (News Agency): the banking environment is the heart of the economic process and thus opened a giant banks will contribute to the development of the environment and to support development and reconstruction in Iraq, noting that in the absence of solid banks, many global companies will hesitate to come to establish giant projects.

    He added that Iraqi banks don't meet all the requirements that major capacity not exceeding five million, especially as a future Iraq to build large projects and the construction of 100,000 housing units, said Iraq needed to global investment firms and big banks for the completion of these projects.

    The Central Bank announced the agreed in principle to open the standard garterd Bank branch in Baghdad, expecting to start the Bank its work before the end of this year.
    /finished/5 l. Eng.


  2. #2
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    Quote Originally Posted by Hue Mi View Post
    Vice: opening British Bank in Baghdad the opportunity to attract international companies to invest in the country



    06-09-2013 07:20 AM

    Baghdad (newsletter).
    Member of the Economic Committee of the National Alliance MP Hussein almerapi, said the opening of a British Bank in Baghdad is an important step to bringing global investment companies in Iraq.

    Said almerapi (News Agency): the banking environment is the heart of the economic process and thus opened a giant banks will contribute to the development of the environment and to support development and reconstruction in Iraq, noting that in the absence of solid banks, many global companies will hesitate to come to establish giant projects.

    He added that Iraqi banks don't meet all the requirements that major capacity not exceeding five million, especially as a future Iraq to build large projects and the construction of 100,000 housing units, said Iraq needed to global investment firms and big banks for the completion of these projects.

    The Central Bank announced the agreed in principle to open the standard garterd Bank branch in Baghdad, expecting to start the Bank its work before the end of this year.
    /finished/5 l. Eng.



    This could be good for us Brits if we can swap from Warka and not have to go from Dinar to Dollars to GBP when getting the money back to UK

    EB
    A day without laughter is a day wasted: Charlie Chaplin. :cheeky-smiley-025: :yelrotflmao:

    NO RV TODAY! MAYBE TOMMOROW! :shhh:

  3. #3
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    Quote Originally Posted by English Bob View Post
    This could be good for us Brits if we can swap from Warka and not have to go from Dinar to Dollars to GBP when getting the money back to UK

    EB
    yup, other currencies too

  4. #4
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    Quote Originally Posted by Will-it-happen? View Post
    yup, other currencies too

    Yes I guess there are many people invested from other currencies not just the $.

    Will be good to see what interest they will pay.

    They may not take private deposits only commercial, we will have to wait and see (sooooooooooooon) LOL

    EB
    A day without laughter is a day wasted: Charlie Chaplin. :cheeky-smiley-025: :yelrotflmao:

    NO RV TODAY! MAYBE TOMMOROW! :shhh:

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