The Trade Bank of Iraq has connected to the Thomson Reuters Dealing trading service. Thomson Reuters says the deal reinforces its position in FX dealing and further expands its global dealing community.
The state-owned TBI was established in July 2003 to facilitate Iraq’s international trade and reconstruction efforts after the expiration of the UN’s oil-for-food programme. TBI, which has already built relationships with a network of 120 banks covering 63 cities in 39 countries, was one of the first Iraqi banks to receive credit lines from major international financial institutions.
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