Thank you for choosing our Al-Warka bank to be your assistance for your financial needs in Iraq, and it give us a great pleasure to deal with you in our bank.

You can open two accounts at Al Warka, one in Iraqi Dinar and the other in US Dollars. For this we need copy of your passport or any official document, specimen of your signature duly attested, full address and small picture.

Please send it by e-mail to the following e-mail box:
(c.accounts[use-@-sign]warkainvestmentbank.com)

Once the account is open you can transfer your funds to our bank through one of our corresponding banks:

Dresdner Bank AG:
Swift Code: DRESDEFF
Jurgen - Ponto - Platz1
D- 60301 Frankfurt/ Main
Federal Republic of Germany
Our A/C No. in US Dollars../ 08-005-734-00-400

Commerz Bank:
Swift Code: COBADEFF
6021 Frankfurt a m main, Germany
Our A/C No. in US Dollars../ 400875402000

For exchanging your funds into Iraqi Dinar we ask you to sent an authorizing letter to our bank signed by yourself, to enable the bank to exchange Dollars to Iraqi Dinars. The form of this authorizing letter is as follows:

"I ---------------- authorize Al-Warka Investment Bank to draw from my Dollar account ( current or saving ) in the above Bank and exchange the Dollar into Iraqi Dinar according to price fixed by the Central Bank of Iraq at that day, and then deposit it in my Iraqi Dinar account at the said bank".

Also we must inform you that any drawing from such account should be made by you personally or by written authorization from your goodself, and please be informed that you can not transfer any Iraqi Money out of Iraq because it is not allowed by the regulation of Iraqi Central Bank.

Kindly inform me what kind of accounts do you need (is it current or saving ? ).
Please inform me do you need personal account or for a company (please send copy of company registration papers).
Please be informed that we will credit your deposit saving account an interest rate of 3.5% per year for the dollar account and 6% per year for the Iraqi Dinar account the interest will calculated on the lowest balance of the said month.
Please be informed that the current account have no interest.

Al-Wakra Bank

Below are charges you'll find at Al Warka Bank:

• Remittance fees 0.125%.
• Open Dollar account ( saving or current ) 2$.
• Open Dinar account ( saving or current ) ID2000.
• Dollar account statement $2.
• Dinar account statement ID 500.
• Dollar saving account bank book $2.
• Dinar saving account bank book ID 2000
• Transfer between Dinar accounts ID 1000.
• Transfer between Dollar accounts $2.
• Purchase Iraqi Dinar 1.5 ID for each Dollar.
• Purchasing Iraqi Dinar the Central Bank of Iraq take 1 ID for each Dollar.

Kindly be informed that, we will draw these charges from your goodself account.

The amount of exchanging Iraqi Dinars against the Dollar is variable depending on the market.

Once you send the information I need, the accounts will be open.

Thank you again for contacting us and if you need any further information, please do not hesitate to contact me.