Al-Marj Al-Alamiya for Money Transfer
A money-transfer company that bought cash dollars directly from the Central Bank of Iraq at the official price from 2015 to 2017, according to the Bank's daily bulletins. This page shows what it bought, the estimated margin on it, what is on record against it, and the document behind each figure.
On record: A ban lifted by the Central Bank (August 2015)
What is on record
- 25 August 2015Ban liftedTier A
After the company raised its capital to the required IQD 30 billion, the CBI approved lifting the penalty imposed on it and readmitting it (subject: 'entering the currency auction').
شركة المرج العالمية للتحويل المالي · letter 12774/3/9 (follows company letter 74 of 2015-08-13 and CBI letter 10755/3/9 of 2015-07-07); Board session 1518 of 2015-01-12, para (a/first)
Document, p.1
Year by year
| Year | Purchases | Cash dollars bought | Estimated margin |
|---|---|---|---|
| 2015 | 28 | $35.2 million | $0.8 million |
| 2016 | 210 | $99.8 million | $6.2 million |
| 2017 | 27 | $13.9 million | $1 million |
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.