Thread: Iraqi Bank Online

A few other online banks in iraq.

http://www.bankofbaghdad.net/
http://www.rafidain-bank.org/

Originally Posted by neno

Thanks Marek, I was wondering How to get a better exchange for the USD. Also what are your thought on when it pegs, to convert in into Euro's instead of back to the USD.? I am hearing this might be best or a oppritunity to earn even more.

I will ask the bank if they also deal with Euro accounts. As for when it PEGS, hmmmm, nobody knows that for sure. But many predict that it will happen in near future.

Bank of Baghdad does:

http://www.bankofbaghdad.net/

Thanks Marek this helped.

Baghdad bank is one of the fastest banks in external transfers services and the most reliable, secretive and accurate bank in Iraq in respect of forign currency transfer (Euro & Dollar) all over the world.

Thanks for all the info. It looks attractive.

Dear Marek,

How do you send your dinars to warka-bank!I do not know nothing about investing.What is the signal or how do i find out,or when foreign investors open up.

In what Banks here in the U.S.A Exchange dinars for Dollars.

Nicanor

When you send a wire transfer, do they take the fees directly out of the money you are sending, or do they charge the originating bank? Thanks in Advance!

Originally Posted by Pegasus

When you send a wire transfer, do they take the fees directly out of the money you are sending, or do they charge the originating bank? Thanks in Advance!

From my experience with BoA, here is an example:

Let's say I intend on sending $1,000 USD.

- I deposit $1,000 USD in my BoA account. (It has to be in your account. You cannot walk in there with cash and tell them to wire it. It has to come out of your account.)

- They fill out form and send the wire. The $1,000 and the $40 fee are deducted from my BoA account.

- When the funds arrive at Warka, it is deposited into my USD account. (Note: It is not $1,000 USD that arrive. Only about $970 or so arrive because of fees deducted by Commerz or whatever intermediary you use.)

- Warka then transfers into your IQD account (assuming you have previously instructed them to do so.)

Hope this helps.

Hi

can any one suggest how long it takes for Warka to reply? I sent an e-mail along with drivers licence and letter to open an account 3wks ago, not heard anything

cheers

Originally Posted by Madbrad

Hi

can any one suggest how long it takes for Warka to reply? I sent an e-mail along with drivers licence and letter to open an account 3wks ago, not heard anything

cheers

That's strange. When I opened up my bank-account with them I had a reply within 24 hours. I was surprised how fast they were.

Maybe you should email them again.

Antje

Antje

Thanks, I'll re-send

cheers

mad