The Trade Bank of Iraq (TBI) will become the first bank in the country to join the global foreign exchange dealing system of Thomson Reuters Corp, a joint statement said on Wednesday.

The bank will use the system to help Iraqi companies trade internationally as the country returns to global financial markets, said Zaid A Mahdi, TBI's vice-president for business development.

State-owned TBI was established in 2003 to facilitate Iraq's international trade and reconstruction after the US invasion of the country and the ouster of Saddam Hussein. TBI said it had relationships with 120 banks in 39 countries. – Reuters