Al-Wa'il 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 2016, 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: Barred from dollar dealing by the Central Bank (May 2016)
What is on record
- 15 May 2016Barred from dollar dealingTier A
Listed as barred from the CBI FX sale window and from any direct or indirect US-dollar dealing; the list gives no reason.
شركة الوائل للتحويل المالي · CBI 'List of those deprived of dealing in US dollars', code TIQ019/1 (بغداد, Baghdad)
Document, p.4
Year by year
| Year | Purchases | Cash dollars bought | Estimated margin |
|---|---|---|---|
| 2015 | 71 | $129.6 million | $3.4 million |
| 2016 | 32 | $23.6 million | $0.9 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.