06/24/2013
AdminBob
The
opening of the first branch of an American Bank in Iraq
2013/06/24 11: 24 Range/Baghdad
Citigroup announced American banking Citigroup Monday, opening an Office in Baghdad, becoming the first US Bank expands services to include Iraq, the pro-peace momentum created in this step to long-term economic opportunities in the oil-rich country.
And Citigroup Citigroup said in a statement carried by the British Financial Times newspaper and seen, (range), therefore, the Bank will open on Monday, the first formal Office in Baghdad after winning initial approval from the Central Bank of Iraq ". FULL ARTICLE & LINK BELOW
Timsters: o if citi bank is open in iraq then they would be one of the first to cash us out in the US .am i right? tim
...
AdminBob: Timster. http://dinaralert.webs.com/apps/forums/topics/show/9081624-best-way-to-cash-in-
2COLLECTG: opened this morning! getting ready for the come back of the dinar excited yet? :D here comes the rate no doubt! --i bought this stuff for a penny i just want to sell mine back for a dime!
Norway: So when THIS NEW bank opens up and possibly Barkleys from England, what will be inside the ATM's? EUROS? DOLLARS? Sure can not see 25000 notes coming out to buy coffee.
Timsters: thanks bob i knew that but was wandering just how long it would take to get into one of the dealers . i feel when this hits there is gonna be a long wait to get into cash out ..and im gonna get an ulser waiting for my turn .being scared to death im gonna miss out on cash in if maliki is still in control trying his best to stop all dinar increases. tim
Punisher: Norway that is a very good question and this news about CitiBank is very exciting...
Tlar: When the Paul Bremmer Provisional government first was installed, one of there very first acts was to have a consortium of US banks build what is the CBI today.
2013/06/24 11: 24 Range/Baghdad
Citigroup announced American banking Citigroup Monday, opening an Office in Baghdad, becoming the first US Bank expands services to include Iraq, the pro-peace momentum created in this step to long-term economic opportunities in the oil-rich country.
And Citigroup Citigroup said in a statement carried by the British Financial Times newspaper and seen, (range), therefore, the Bank will open on Monday, the first formal Office in Baghdad after winning initial approval from the Central Bank of Iraq ". FULL ARTICLE & LINK BELOW
Timsters: o if citi bank is open in iraq then they would be one of the first to cash us out in the US .am i right? tim
...
AdminBob: Timster. http://dinaralert.webs.com/apps/forums/topics/show/9081624-best-way-to-cash-in-
2COLLECTG: opened this morning! getting ready for the come back of the dinar excited yet? :D here comes the rate no doubt! --i bought this stuff for a penny i just want to sell mine back for a dime!
Norway: So when THIS NEW bank opens up and possibly Barkleys from England, what will be inside the ATM's? EUROS? DOLLARS? Sure can not see 25000 notes coming out to buy coffee.
Timsters: thanks bob i knew that but was wandering just how long it would take to get into one of the dealers . i feel when this hits there is gonna be a long wait to get into cash out ..and im gonna get an ulser waiting for my turn .being scared to death im gonna miss out on cash in if maliki is still in control trying his best to stop all dinar increases. tim
Punisher: Norway that is a very good question and this news about CitiBank is very exciting...
Tlar: When the Paul Bremmer Provisional government first was installed, one of there very first acts was to have a consortium of US banks build what is the CBI today.
These
US banks were considered the big banks. Chase, Bank of America and I
believe Citi were all involved with the resurrection of the banking system in
Iraq.
The first two were for sure and unless memory fails me Citi was a part of this. It is a very good sign that Citi is coming back into Iraq 10 years later to set up shop.
This will follow that all the big four will come behind Citi especially if Citi is not targeted by extremists and starts to show any activity.
I see this as the first toe in the water and it definitely means more to our cause than just a bank opening. IMO Citi would not be coming in at this time unless they believed that Chapter VII is all but gone and the dinar is ready to pop.
We should see more articles like this as outside banks start to jockey for position because of the expected economic windfall that's coming.
Punisher: This is basically the news of the day! How can it get better than this for a Monday!!!
Juliebug: Thank you Tlar! I always love positive news on a Monday. It's a nice start to the week!
HandOverFist: My thought is that Citibank would be a good place to hold some currency, denominated in dinar, for future appreciation.
Punisher: CitiBank beat WF and BOA to the punch.
Freedomwish: HOLY COW! Is this really happening?
Punisher: Yes...the dots are finally being connected!
Punisher: After Thursday I think more banks will move into Iraq at warp speed.
Framer: Punisher who knows but maybe boa and wf are already there. This article kind of snuck up on us. Citi is already going to be open for business on monday. Who know how further the other banks are. When somebody tells me not to get excited after reading these articles then their not reading the same articles that im reading. These are very exciting times right now
Kaperoni: CitiBank is the first US bank to come into Iraq. The article states this. Most US banks are conservative in nature..WF for sure is. I don't expect them to get in for years.
2COLLECTG: i guess you don`t understand moons statement is what citi group heard return to former international status prior to 1990! they citi heard moon loud and clear!
- i bought this stuff for a penny i just want to sell mine back for a dime!
Framer: It takes longer then.a.week to get a bank up and running and citi bank is opening its doors on monday. What im trying to say who knows how far the other banks are to moving in. It could be tomorrow it could be a year from now we just dont how far along they really are
Punisher: Framer, I agree ...Exciting times indeed.
Ozoftacoma: My understanding is that BofA is already in and will open their branch fairly quickly. One thing to think about is that do you think that Citi would have opened their branch 3 days before the announcement of the UN meeting/signing to get Iraq out of ch7 if they didn't see that there was no doubt about the lifting of ch7?
And with 2 of the original 4 already back in Baghdad, how soon will the others get in there so as not to lose out on what is already on it's way? Totally exciting news!
FULL ARTICLE & LINKS BELOW:
AdminBob The opening of the first branch of an American Bank in Iraq
2013/06/24 11: 24 Range/Baghdad
Citigroup announced American banking Citigroup Monday, opening an Office in Baghdad, becoming the first US Bank expands services to include Iraq, the pro-peace momentum created in this step to long-term economic opportunities in the oil-rich country.
And Citigroup Citigroup said in a statement carried by the British Financial Times newspaper and seen, (range), therefore, the Bank will open on Monday, the first formal Office in Baghdad after winning initial approval from the Central Bank of Iraq ".
It quoted Executive Director of Citigroup in Europe, Middle East and Africa James Coles as saying that "Iraq is an important market with a great futuristic capabilities over time.
The Bank said in a statement that "Dennis flannery, former financial attache to the u.s. Embassy in Baghdad who ran the Office of Citibank for Iraq's interests in Oman since its founding two years ago, the Office will be headed by Baghdad."
The Bank said that "there are plans to open additional offices in Erbil and Basra to provide services to customers of the Bank within the banking activities", pointing out that "this is the first business to Citigroup in a new country for six years"
In his statement, the Bank said "over the last decade the Bank used to fund big investors and companies working in Iraq by giving them funds and cash investment banking and management through regional branches in the Dubai Office in Oman and Iraq through its branch in London.
The Bank stressed that "this step comes to establish a physical presence in the Iraqi market in conjunction with the aspiration of the top oil companies, industry and global investment in the reconstruction of Iraq."
According to economic analysts, speculation in a US Bank Citigroup, "the expansion of the country's oil sector growth will turn Iraq into one of the largest oil exporters in the world over the next decade and economic powerhouse worth 2 trillion dollars by 2050".
And Citigroup operates banks in the Middle East for almost 50 years and provides services in 11 countries including Egypt, Kuwait and the U.A.E., and also provides services for consumers in the U.A.E. and Egypt and Bahrain and Pakistan, and is one of four banks that help Government collect $ 800 million for the financing of powered road traffic fees in the future. LINK
As banks eye Iraq, Citi plans office in Baghdad
By ADAM SCHRECK | Associated Press BAGHDAD (AP) — Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad, highlighting financial firms' growing interest in Iraq a decade after the U.S.-led 2003 invasion.
Executives say the representative office Citi has received preliminary approval for will help support its corporate customers in Iraq and act as a liaison for companies looking to do business there.
British bank Standard Chartered is also making a push in Iraq with plans to open branches in three cities.
Read More: LINK
The first two were for sure and unless memory fails me Citi was a part of this. It is a very good sign that Citi is coming back into Iraq 10 years later to set up shop.
This will follow that all the big four will come behind Citi especially if Citi is not targeted by extremists and starts to show any activity.
I see this as the first toe in the water and it definitely means more to our cause than just a bank opening. IMO Citi would not be coming in at this time unless they believed that Chapter VII is all but gone and the dinar is ready to pop.
We should see more articles like this as outside banks start to jockey for position because of the expected economic windfall that's coming.
Punisher: This is basically the news of the day! How can it get better than this for a Monday!!!
Juliebug: Thank you Tlar! I always love positive news on a Monday. It's a nice start to the week!
HandOverFist: My thought is that Citibank would be a good place to hold some currency, denominated in dinar, for future appreciation.
Punisher: CitiBank beat WF and BOA to the punch.
Freedomwish: HOLY COW! Is this really happening?
Punisher: Yes...the dots are finally being connected!
Punisher: After Thursday I think more banks will move into Iraq at warp speed.
Framer: Punisher who knows but maybe boa and wf are already there. This article kind of snuck up on us. Citi is already going to be open for business on monday. Who know how further the other banks are. When somebody tells me not to get excited after reading these articles then their not reading the same articles that im reading. These are very exciting times right now
Kaperoni: CitiBank is the first US bank to come into Iraq. The article states this. Most US banks are conservative in nature..WF for sure is. I don't expect them to get in for years.
2COLLECTG: i guess you don`t understand moons statement is what citi group heard return to former international status prior to 1990! they citi heard moon loud and clear!
- i bought this stuff for a penny i just want to sell mine back for a dime!
Framer: It takes longer then.a.week to get a bank up and running and citi bank is opening its doors on monday. What im trying to say who knows how far the other banks are to moving in. It could be tomorrow it could be a year from now we just dont how far along they really are
Punisher: Framer, I agree ...Exciting times indeed.
Ozoftacoma: My understanding is that BofA is already in and will open their branch fairly quickly. One thing to think about is that do you think that Citi would have opened their branch 3 days before the announcement of the UN meeting/signing to get Iraq out of ch7 if they didn't see that there was no doubt about the lifting of ch7?
And with 2 of the original 4 already back in Baghdad, how soon will the others get in there so as not to lose out on what is already on it's way? Totally exciting news!
FULL ARTICLE & LINKS BELOW:
AdminBob The opening of the first branch of an American Bank in Iraq
2013/06/24 11: 24 Range/Baghdad
Citigroup announced American banking Citigroup Monday, opening an Office in Baghdad, becoming the first US Bank expands services to include Iraq, the pro-peace momentum created in this step to long-term economic opportunities in the oil-rich country.
And Citigroup Citigroup said in a statement carried by the British Financial Times newspaper and seen, (range), therefore, the Bank will open on Monday, the first formal Office in Baghdad after winning initial approval from the Central Bank of Iraq ".
It quoted Executive Director of Citigroup in Europe, Middle East and Africa James Coles as saying that "Iraq is an important market with a great futuristic capabilities over time.
The Bank said in a statement that "Dennis flannery, former financial attache to the u.s. Embassy in Baghdad who ran the Office of Citibank for Iraq's interests in Oman since its founding two years ago, the Office will be headed by Baghdad."
The Bank said that "there are plans to open additional offices in Erbil and Basra to provide services to customers of the Bank within the banking activities", pointing out that "this is the first business to Citigroup in a new country for six years"
In his statement, the Bank said "over the last decade the Bank used to fund big investors and companies working in Iraq by giving them funds and cash investment banking and management through regional branches in the Dubai Office in Oman and Iraq through its branch in London.
The Bank stressed that "this step comes to establish a physical presence in the Iraqi market in conjunction with the aspiration of the top oil companies, industry and global investment in the reconstruction of Iraq."
According to economic analysts, speculation in a US Bank Citigroup, "the expansion of the country's oil sector growth will turn Iraq into one of the largest oil exporters in the world over the next decade and economic powerhouse worth 2 trillion dollars by 2050".
And Citigroup operates banks in the Middle East for almost 50 years and provides services in 11 countries including Egypt, Kuwait and the U.A.E., and also provides services for consumers in the U.A.E. and Egypt and Bahrain and Pakistan, and is one of four banks that help Government collect $ 800 million for the financing of powered road traffic fees in the future. LINK
As banks eye Iraq, Citi plans office in Baghdad
By ADAM SCHRECK | Associated Press BAGHDAD (AP) — Citigroup Inc. is set to become the first American bank to open an office of its own in Baghdad, highlighting financial firms' growing interest in Iraq a decade after the U.S.-led 2003 invasion.
Executives say the representative office Citi has received preliminary approval for will help support its corporate customers in Iraq and act as a liaison for companies looking to do business there.
British bank Standard Chartered is also making a push in Iraq with plans to open branches in three cities.
Read More: LINK
http://news.yahoo.com/banks-eye-iraq-citi-plans-office-baghdad-063554163.html
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