The Ledger
Exchange and transfer companies
Besides the banks, money-transfer companies bought cash dollars directly from the Central Bank at the official price. The Bank's daily bulletins record purchases by 31 named companies from 2014 to 2019. This page shows what each company bought, the estimated margin on it, and the actions recorded against each.
$182m
estimated margin on what these companies bought
$4,093m
bought in cash from 2014 to 2019
Tier A
6
companies with an action of the Central Bank or a US sanction on record
Tier A
The companies
In order of what they bought. The names are translated from the Central Bank's bulletins.
| Company | Years | Estimated margin | Cash dollars bought | On record |
|---|---|---|---|---|
| Bilad Al-Sham for Money Transfer | 2015 to 2016 | $10 million | $328 million | |
| Al-Noor for Money Transfer | 2014 to 2016 | $7.4 million | $262.2 million | |
| Iraqna for Money Transfer | 2014 to 2016 | $6.7 million | $236.6 million | |
| Al-Muttahida for Money Transfer | 2014 to 2017 | $9.6 million | $203.6 million | |
| Al-Muhaj for Money Transfer | 2015 to 2017 | $8.8 million | $195.8 million | |
| Al-Nubala for Money Transfer | 2014 to 2017 | $9.5 million | $195.7 million | |
| Hemon for Money Transfer | 2015 to 2017 | $9.5 million | $194.7 million | |
| Al-Rabita Al-Maliya for Money Transfer | 2015 to 2018 | $11.3 million | $192.9 million | |
| Al-Harir for Money Transfer | 2014 to 2018 | $9.9 million | $190.3 million | |
| Al-Nada for Money Transfer | 2015 to 2017 | $8.9 million | $186.3 million | A ban lifted by the Central Bank (May 2015) |
| Across Continents (Abr Al-Qarrat) for Money Transfer | 2015 to 2017 | $10.3 million | $168.7 million | Licence withdrawn by the Central Bank (April 2014) |
| Al-Aswar for Money Transfer | 2015 to 2016 | $6.3 million | $159.8 million | |
| Al-Wa'il for Money Transfer | 2015 to 2016 | $4.3 million | $153.1 million | Barred from dollar dealing by the Central Bank (May 2016) |
| Al-Marj Al-Alamiya for Money Transfer | 2015 to 2017 | $8 million | $148.9 million | A ban lifted by the Central Bank (August 2015) |
| Al-Manafi for Money Transfer | 2016 to 2018 | $7.2 million | $118.2 million | |
| Mu'ta for Money Transfer | 2014 to 2017 | $6.4 million | $117.1 million | |
| Al-Amin Al-Arabiya for Money Transfer | 2016 to 2018 | $7 million | $115.8 million | |
| Al-Tayyib for Money Transfer | 2016 to 2017 | $8 million | $115.1 million | |
| Ataa Al-Ghari for Money Transfer | 2014 to 2018 | $4.8 million | $106.2 million | |
| Al-Iraqiya for Money Transfer | 2015 to 2016 | $2.9 million | $106.1 million | |
| Al-Nahr Al-Khalid for Money Transfer | 2015 to 2016 | $2.2 million | $85.7 million | Barred from dollar dealing by the Central Bank (June 2017) |
| Al-Bayyina for Money Transfer | 2015 to 2016 | $2.1 million | $83.3 million | |
| Al-Rajih for Money Transfer | 2016 to 2017 | $5.8 million | $80.4 million | |
| Al-Lulu for Money Transfer | 2016 to 2019 | $3.1 million | $74.6 million | |
| Al-Mu'taman for Money Transfer | 2015 to 2016 | $3.6 million | $73.1 million | |
| Al-Janoob for Money Transfer | 2015 to 2016 | $1.9 million | $72.3 million | |
| Sama Baghdad for Money Transfer | 2016 | $2.1 million | $37.4 million | |
| Al-Taif for Money Transfer | 2014 to 2017 | $2.3 million | $30.7 million | |
| Difaf Dijla wal-Furat for Money Transfer | 2015 to 2016 | $1.2 million | $26.5 million | |
| Silsilat Al-Dhahab (Golden Chain) for Money Transfer | 2015 to 2016 | $0.8 million | $26.4 million | Under US sanctions (OFAC, December 2016); Licence withdrawn by the Central Bank (February 2017); Barred from dollar dealing by the Central Bank (May 2016) |
| Al-Shariq for Money Transfer | 2016 to 2017 | $0.5 million | $7.2 million |
Source: Central Bank of Iraq, daily bulletins of foreign currency sales and its record of actions; the margin is this encyclopedia's estimateTier A
The margin is the difference between what these dollars were worth at the market price on the day they were bought and what was paid for them at the official price. It went to the company, to its customers or to both, and it is not a finding that the company made that profit. Actions are linked to a company by its name as the Central Bank writes it. The margin on what the banks bought
Download:companies.csv.xlsx