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Bank (JP Morgan) in Iraq, us expands

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rocky
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Bank (JP Morgan) in Iraq, us expands

Post by rocky on Fri 12 Jul 2013, 6:22 pm

Bank (JP Morgan) in Iraq, us expands



13/07/09 13: 37



Range/Baghdad
Preparing bank JPMorgan (JPMorgan) US market entry of Iraq as the second largest oil exporter within the OPEC States through entry specific agreement for one year with the Trade Bank of Iraq to finance shipments of imported goods and services to Iraq.

A Sachs investment of bank statement, informed him, (range), the "Bank (JPMorgan) will be on site to provide assistance to the commercial bank of Iraq at the opening of letters of credit in the country.

Bank JP Morgan has previously provided assistance to the commercial bank of Iraq to finance shipments of imports required for the country during the campaign for the country's reconstruction of the post-war period.

And it has the fifth-largest oil reserves in the world, Iraq after a period of warfare and neglect hastened to launch reconstruction and modernization of the infrastructure of the oil sector, where Brown had access to 3.2 million barrels per day in June 2013, and aims to raise its production to more than 3.5 million barrels a day by end of 2013.

According to the International Monetary Fund IMF, is expected to reach annual economic growth rate of Iraq to 9%, plus the increase in Iraqi oil exports and the decline in lending interest rate from 17% to 6%, it is essential to strengthen the country's plans in the process of economic and trade expansion.

Since 1990 until 2003, foreign banks were prohibited from doing business in Iraq, following the fall of Saddam Hussein's regime allowed foreign banks to work in Iraq.

According to information published on the website of the Central Bank, an international bank proceeds currently 15 activities in Iraq, including the giant banking companies like Citigroup, American standard chardrd Bank lending.
 




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weslin3
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Re: Bank (JP Morgan) in Iraq, us expands

Post by weslin3 on Fri 12 Jul 2013, 6:35 pm

Why would JP Morgan even be there if Iraq wasn't going anywhere?

duck2000
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Re: Bank (JP Morgan) in Iraq, us expands

Post by duck2000 on Fri 12 Jul 2013, 6:37 pm

pick up the lopped dinar from iraqi cheap?

weslin3
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Re: Bank (JP Morgan) in Iraq, us expands

Post by weslin3 on Fri 12 Jul 2013, 7:14 pm

You are such a funny duck....   lol! 

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Re: Bank (JP Morgan) in Iraq, us expands

Post by Neno on Fri 12 Jul 2013, 8:29 pm

@weslin3 wrote:Why would JP Morgan even be there if Iraq wasn't going anywhere?
Besides the truth that the duck just implied to you, JP Morgan has always been in Iraq. The created the TBI and then back off until now now that VII is lifted to get back involved as another entity for the larger picture of making money and I mean lots of money. JP Morgan gained #1 status over Citi Corp and Citi were bailed out by the US Gov in 2008-2009 which turned the groups into Citigroup today. After the US was paid back with a 12 billion dollar profit, Citigroup looks to regain status and that, is the competition JP Morgan has even tho, their is enough room for them and others with the investment of reconstruction of the infrastructure coming. I truly believe what duck said as real and not a JOKE (I have said time and time again, the Jykells run this)... ;)


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weslin3
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Re: Bank (JP Morgan) in Iraq, us expands

Post by weslin3 on Fri 12 Jul 2013, 10:42 pm

I misread the duck's answer. I was thinking he was referring to a lop... Didn't mean anything disrepectfull. 
 

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Re: Bank (JP Morgan) in Iraq, us expands

Post by weslin3 on Fri 12 Jul 2013, 10:58 pm

I need to take a break... I notice I've been commenting too much here lately...  Yacking too much and saying things. I looked and at the to posting and I've been on way too much...

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Re: Bank (JP Morgan) in Iraq, us expands

Post by Neno on Sat 13 Jul 2013, 11:26 am

@weslin3 wrote:I misread the duck's answer. I was thinking he was referring to a lop... Didn't mean anything disrepectfull. 
 
lol, none taking... ;)


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