About SWIFT Code KARMIQB1

KARMIQB1 identifies Karmal Stock Exchange in Baghdad, Iraq, on the international SWIFT network. The code breaks down as: bank code KARM, country IQ, location B1, and branch XXX (head office).

Use this code when receiving or sending an international wire transfer to Karmal Stock Exchange. You will usually also need the recipient's account number or IBAN. Learn how SWIFT codes work →

Always confirm the SWIFT code with the receiving bank before transferring money - codes can change and branch codes vary by account type.

Frequently Asked Questions

What bank uses SWIFT code KARMIQB1?

KARMIQB1 belongs to Karmal Stock Exchange in Baghdad, Iraq.

Is KARMIQB1 valid for international transfers?

Yes - it's a valid 8-character BIC: bank code KARM, country IQ, location B1, branch XXX. Pair it with the recipient's account number or IBAN, and always confirm with the receiving bank before wiring money.

What's the difference between an 8 and 11 character code?

8-character codes identify the bank's head office; 11-character codes add a 3-character branch identifier. If no branch code is given, "XXX" (head office) is assumed.

What do I need besides the SWIFT code for an international transfer?

Typically the recipient's full name and address, their account number or IBAN, the bank's name and address, and the SWIFT/BIC code KARMIQB1. Some countries also require a purpose-of-payment code.