Honour

[MOWAFAQ MAHMOOD Date: Thu, 18 May 2006 04:55:56 -0700]

From: Mowafaq H. Mahmood 
Bank of Baghdad 
Baghdad, Iraq.
 
Following 
the first Gulf War in 1991, Saddam Hussein authorized for the first 
time the formation of private banks in Iraq. From 1992 until the end of 
the decade, 17 such banks were established. Up until the second Gulf 
War, however, Saddam prohibited these banks from conducting 
international transactions - including payments, remittances, and 
letters of credit. Now, as Iraq develops a market- driven banking 
system, these restrictions are being reduced and the importance of 
Iraq's private banks is expected to grow significantly. 

An important 
step was taken on October 28, 2003, when the Central Bank of Iraq 
authorized Iraq's private banks to process international payments, 
remittances and foreign currency letters of credit. This action follows 
other important steps taken recently to modernize Iraq's banking system 
- the establishment of a new national currency, for instance, and the 
launching of daily foreign exchange auctions by the Central Bank. 

Subsequently, I personally was able to hide away One Hundred Million 
United States Dollars in the wake of the United States of American led 
war on Iraq. This money was meant for investments but it is believed 
that we have lost this money to looters during the War in Iraq. Since 
after the war, I have safely tucked away this money with the hope that 
I will be able to do something with it as soon as things cool down. Now 
intend to do so. 

I just need that I get you as my reliable foreign 
partner who will as it is be my representative out there in your 
Country; I want you as a partner who will assist me in investing in 
profitable ventures in your Country. I need a person I could rely on. 

Faithfully, 

Mowafaq H. Mahmood 
Bank of Baghdad 
Iraq.