North Bank for Finance & Investment

North Bank for Finance & Investment

Foreign Remittance & Swift
The bank seeks to provide the best services to its customers by converting amounts in foreign currencies to outside of Iraq in order to pay for goods or services provided by foreign exporters to Iraqi importers and doing various transfers, according to the instructions of foreign exchange of the central bank of Iraq ,the money laundering act and also to accept transfers from abroad for the benefit of its customers. In the table below, the details of foreign bank draft executed by the bank according to the years are shown:


Please see the form below and make sure of the accuracy of the required information before delivery.
Bank Draft Form


SWIFT:
Dear customer, North Bank Baghdad / Iraq is pleased to announce its participation in System SWIFT working directly with our correspondents outside Iraq under this global system, in what meets the needs of the bank towards its customers and covering all types of letters and foreign transactions represented by:


• Incoming and outgoing bank draft.
• Documentary credits.
• External letters of guarantee.
• Transactions of financial institutions.


We would also like to draw your attention that this system is high secured with low wages, there is no possibility to delays the transactions exchange. North Bank for Finance and Investment is pleased to announce to its customers its readiness to receive foreign Bank Drafts coming to their accounts from all over the world through our account at our correspondents.

Since then the bank offers its services.

http://www.northbankiq.com/en/37/Foreign-Transactions/Foreign-Remittance-%26-Swift

can someone explain to this poor tired brain what this means?

Just a step in the right direction. SWIFT is the communication system banks and multinational companies use between each other. So it's a step toward international trade.