Which bank is the best in Iraq?

Bank of Baghdad
Bank of Baghdad – Best Bank in Iraq for 2021.

Is there any bank in Iraq?

Following the first Gulf War in 1991, Saddam Hussein authorized for the first time the formation of private banks in Iraq….

Bank Contact Telephone 1-914 +
Bank of Baghdad Mowafaq H. Mahmood [email protected] 822-7083
Commercial Bank of Iraq Saddoun Kubba [email protected] 360-4188

Who owns Iraqs central bank?

the Federal government of Iraq
According to the Constitution, the Federal government of Iraq has the “exclusive authority” of “establishing and administering a central bank”.

How can I open a bank account in Iraq?

How To Open a Bank Account in Iraq

  1. The applicant prepares the official documents required to open an account in Iraqi Dinars: Iraqi ID, Iraqi nationality ID, and residency ID.
  2. The applicant identifies a consignee.
  3. Applicant makes appointment with bank representative.
  4. Applicant makes first deposit.

Which is international bank?

An international bank is a financial institution that operates outside of its home country and provides financial services to international customers. A foreign bank branch is a type of international bank that is required to obey both the home and host country’s legislation.

Is Iraq money worth anything?

The U.S. Treasury lists the dinar as worth nothing. Collectors think otherwise. While low-denomination Saddam notes have some souvenir value, prices are far higher for older Iraqi currency, said Audrius Tomonis, a currency collector who runs the website Banknotes.com.

What kind of money does Iraq have?

Iraqi dinar

Is it illegal to buy Iraqi dinar?

It is illegal in the U.S. and most other major economies to market an investment without appropriate securities registration. The scammers get around this requirement in two ways. First, it is technically legal to sell hard currency for its numismatic value.

How many banks are in Iraq?

54 banks
Currently, 54 banks operate in Iraq, of which 7 are state owned, 15 are foreign and 11 are specialized in Islamic banking services. As for branch network, Iraq currently has around ~920 bank branches across different governorates.

Which bank is best for international?

What are the top 5 international banks in India?

  • Citibank. Citibank is one of the oldest banks in India.
  • HSBC BANK. HSBC Bank India, a subsidiary of HSBC Holdings plc., is among the world’s largest banking and financial organizations.
  • Standard Chartered Bank.
  • Royal Bank of Scotland.
  • Barclays Bank.

Which is not a foreign bank?

Detailed Solution. The correct answer is Federal Bank. Federal Bank Limited is the major Indian commercial bank and headquartered in Aluva, Kochi. Federal Bank was founded on 23 April 1931 as Travancore Federal Bank.

Are there any privately owned banks in Iraq?

The first two private banks were established by two of the richest families in Iraq: The Buniyah family started the Iraqi Investment Bank; the al-Hafidh family started The Middle Eastern Bank. Currently, 96% of Iraq’s banking assets are managed by state-owned banks according to the U.S. Department of State (2013).

When was the first bank established in Iraq?

The first Iraq bank was established in 1941, called the Rafidain Bank. This was a state-owned bank controlled by the Iraqi federal government. For over fifty years, Iraqi people did not bank with anything else – there were no private or foreign financial institutions allowed.

Who are the shareholders of National Bank of Iraq?

Capital Bank is a 61.85 percent shareholder in the National Bank of Iraq (NBI), in which it has management control.

Which is the best bank to transfer money to in Iraq?

“Lately, I had to transfer the money to Erbil, and then my friend in Erbil transferred the money to my friend in [the] US.” one Iraqi citizen reported. Citizens dodge high bank transfer fees by using Western Union, which has a reduced transfer rate in comparison to Private and State banks.