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IRAQ'S CORRUPTION
العربية
The Ledger

What the Central Bank refused

From January 2013 to February 2015 the Central Bank's committee turned down $24.6 billion of the banks' requests for dollars, 27% of what they asked for in 2013. The committee wrote down the reason for each refusal in its daily minutes. This page shows those reasons as they were written.

Year by year

YearBanks asked forCommittee refusedShare
2012$270.2 million$0.2 million0%
2013$64.58 billion$17.70 billion27%
2014$40.94 billion$5.97 billion15%
2015(January to February)$2.19 billion$889.6 million41%
Source: The Central Bank committee's daily minutes; rows that pass the arithmetic checks onlyTier A

The reasons the committee wrote down

A single refusal can carry more than one reason, so the amounts here add up to more than the total refused. 9.9% of the reasons cannot be read in the surviving scans.
  1. Held back for audit$8.08 billion
  2. Other reasons$5.33 billion
  3. Missing or faulty documents$3.46 billion
  4. No reason given, or unreadable$2.83 billion
  5. Penalty on, or suspension of, the bank$2.58 billion
  6. Bank's funds did not cover the request$1.66 billion
  7. The same customer at more than one bank$1.55 billion
  8. Withdrawn at the bank's request$1.27 billion
  9. Customer in breach of anti-money-laundering rules$1.06 billion
  10. Problem with the import licence$880.4 million
  11. Names or details do not match$849.5 million
  12. Company's activity does not match the goods$345 million
  13. Bank below the capital requirement$335.2 million
  14. The bank's whole request excluded$328.7 million
  15. Old or invalid invoice$322.6 million
  16. Timing or procedure$312.9 million
  17. Duplicate or reused invoice$200.1 million
  18. Ministry of Trade letter$59.6 million
  19. Licence issued in the Kurdistan Region$28.9 million

Every refusal, as written

Largest first. Company names are given as the committee wrote them. They are not accusations.

12 rows

DateBankRefusedOf a request forReasonThe committee's words
3 April 2013Abu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionMissing or faulty documents; Held back for auditعدم وجود مخول ثاني وعدم وجود سكنر 1-لاغراض تدقيقية تتعلق بالزبون
8 May 2013Abu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionMissing or faulty documentsمخالفة التعليمات وعدم وجود توقيع المخولين
28 August 2013Abu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionMissing or faulty documentsلعدم ادراج اسم الام في القوائم المرفقة
4 September 2013Abu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionThe same customer at more than one bankسبب تكرار الاسماء في قوانم البيع
23 October 2013Abu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionPenalty on, or suspension of, the bankعدم توقيع المدير المفوض على كتاب الشراء
undatedAbu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionOther reasonsتديم للمعاملة فى نفس يوم العزاد
21 November 2013Abu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionOther reasonsعل اساجة الشرايا جوالرات شار في قوم قيح و
14 May 2014Abu Dhabi Islamic Bank (ADIB Iraq)$4 million$4 millionBank's funds did not cover the requestاستبعاد بالكامل كون قيد التحويل RTGS استة ايام عمل وليس سبعة ايام عل وحسب التعليمات 588 في 2014/2/6
5 June 2014Abu Dhabi Islamic Bank (ADIB Iraq)$1.2 million$4 millionOther reasonsتم استبعاد مبلغ 1203 دولار استنادا لتعليمات البنك المركزي المرقم 19/3/9 لسنة 2014 الفقرة د-13
20 March 2013Abu Dhabi Islamic Bank (ADIB Iraq)$0.3 million$0.3 millionOther reasonsمقدم في نفس اليوم
3 February 2013Abu Dhabi Islamic Bank (ADIB Iraq)$0.1 million$0.1 millionMissing or faulty documents1- تاريخ الاقرا يجب ان يكون مطابق لتاريخ التحويل وعدم وجود نسخة السويفت الخاصة بالاعتماد
19 February 2014Abu Dhabi Islamic Bank (ADIB Iraq)$0 million$4 millionThe same customer at more than one bankلتكرار اسم واحد مع مصرف الاتحاد
Download:refusals.csv.xlsx

Company names in the Central Bank's notes are shown as the bank wrote them. They are not accusations. If a bank appears on this page, it means only that the committee refused part of its request on that day.