Monday, July 1, 2013

Something is Brewing Over In Iraq

To all of the nay sayers: If Iraq has no intention on on re-valuating their currency, then why in the world would Citigroup be opening up a bank in Baghdad of all places in the world?

Citigroup Inc. is looking to set up shop in Iraq.
The third-largest U.S. bank said Monday it had obtained permission from Iraq’s central bank to open a representative office in Baghdad, positioning it to become the first American lender in the war-torn country.
The office will support Citi’s corporate customers in Iraq, as well as facilitate communication for companies that want to start doing business there.
If successful, the office could pave the way for Citi to open bank branches in the cities of Basra and Erbil. Citi already has an Iraqi desk in nearby Jordan.

Citi storming Baghdad to become first US lender in Iraq


3 comments:

Anonymous said...

Means nothing.

Does it mean anything special if McDonalds opens locations in Iraq ?

Anonymous said...

This Citi Bank in Iraq may be a trick of the mind.

Not all Citi banks are really Citi banks as many of them are franchises.

HSBC will do the same thing by franchising their name for a fee. Ken

Anonymous said...

People are so desperate to make this dinar happend, they have little regards for all of the liberties we have been steadely loosing, all they can think is dinar, dinar, dinar, Oh! is just because they want to help people, yeah, right, the first thing they are going to do is run to Best Buy, it is really sad and phatetic, they see the dinar happening because their dog fart twice, and true to be told The Dinar is not, and was never intented to be the first thing on the list. Many things are going to happened before they get to the dinar.