Citigroup prepares to do international business in Baghdad
Jun 24, 2013
Note that international banks were unable to do business with Iraq since the sanctions were imposed in August of 1990. Those sanctions prevented international payments to be made in trade throught eh banking system. But now that is changing, as Citigroup prepares to provide services for "international payments."
Citigroup and Bank of Baghdad have announced a strategic partnership which offers corporate clients, with major business presence in Iraq, a seamless cash management solution and other relevant banking services.
The client offer encompasses account services, domestic and international payments and collections, liquidity management and electronic banking solutions, backed by a comprehensive customer service and streamlined documentation processes.