NBK launches money transfers to Iraq

NBK launches money transfers to Iraq

KUWAIT CITY: The National Bank of Kuwait (NBK), the Gulf emirate's largest bank, announced on Sunday that it has started making money transfers to Iraq in US dollars or Iraqi dinars.

The service, the first of its kind since the 1990 Iraqi invasion of Kuwait, is available throughout the bank's branches in the emirate to almost all Iraq's main cities, NBK general ganager of consumer banking Adel al-Majed said.

NBK launched the service to help companies and individuals interested of operating business in the Iraqi market, Majed said.

"It also shows the bank's confidence in the promising future of the Iraqi economy and its desire to render its assistance to Iraq at this stage," Majed added.

Clients can receive the transfers from several banks currently operating in Iraq. --AFP