Citibank is celebrating the 100th anniversary of its foreign exchange business. A statement released by Citi indicates that the bank started trading currencies in July of 1897. According to the release, in a letter dated July 1 of that year, the Chief Cashier G.S. Whitson wrote: "We beg to inform you that we have opened a foreign exchange department and are prepared to buy and sell drafts, cable transfers, to issue commercial credits, letters and circular notes of credit, make collections

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