Article: “THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING” Quote: “The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook.” The Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.