The White House
President George W. Bush
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For Immediate Release
February 6, 2004

The Trade Bank of Iraq
Iraq Fact of the Day

The Trade Bank of Iraq opened its doors in November, and by the end of January over 200 Letters of Credit worth over $190 million were issued by the bank and its international consortium. The Trade Bank was formed to help Iraq import equipment and critical supplies. A group of major international banks make up the operating consortium. The Trade Bank is already helping Iraq to reintegrate into the global economy.

Source: U.S. Department of the Treasury.

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