The Ledger
Hemon 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.
$9.5m
estimated margin on what it bought
$194.7m
cash dollars it bought
Tier A
293
purchases in the bulletins
Tier A
On record: No sanction, ban or fine recorded as of the date of writing
Year by year
| Year | Purchases | Cash dollars bought | Estimated margin |
|---|---|---|---|
| 2015 | 48 | $69.4 million | $1.6 million |
| 2016 | 204 | $101.1 million | $6.3 million |
| 2017 | 41 | $24.2 million | $1.6 million |
Source: Central Bank of Iraq, daily bulletins of foreign currency sales; 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.
Day by day
Each purchase as the Central Bank's bulletin records it, with the page it appears on.
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