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 read from the scanned minutes.
Year by year
| Year | Banks asked for | Committee refused | Share |
|---|---|---|---|
| 2012 | $270.2 million | $0.2 million | 0% |
| 2013 | $64.58 billion | $17.70 billion | 27% |
| 2014 | $40.94 billion | $5.97 billion | 15% |
| 2015(January to February) | $2.19 billion | $889.6 million | 41% |
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.
- Held back for audit$8.08 billion
- Other reasons$5.33 billion
- Missing or faulty documents$3.46 billion
- No reason given, or unreadable$2.83 billion
- Penalty on, or suspension of, the bank$2.58 billion
- Bank's funds did not cover the request$1.66 billion
- The same customer at more than one bank$1.55 billion
- Withdrawn at the bank's request$1.27 billion
- Customer in breach of anti-money-laundering rules$1.06 billion
- Problem with the import licence$880.4 million
- Names or details do not match$849.5 million
- Company's activity does not match the goods$345 million
- Bank below the capital requirement$335.2 million
- The bank's whole request excluded$328.7 million
- Old or invalid invoice$322.6 million
- Timing or procedure$312.9 million
- Duplicate or reused invoice$200.1 million
- Ministry of Trade letter$59.6 million
- Licence issued in the Kurdistan Region$28.9 million
Every refusal, as read from the scanned minutes
Largest first. Company names are given as read from the scanned minutes. They are not accusations.
82 rows
The reasons were read from scanned pages of the Central Bank's minutes, the reading may contain errors, and the scanned page is the authority.
| Date | Bank | Refused | Of a request for | Reason | As read from the scanned minutes |
|---|---|---|---|---|---|
| 14 September 2013 | Credit Libanais SAL | $13.8 million | $13.8 million | Other reasons | لان المصرف قدم طلبه في نفس يوم المزاد وقد تم تبليغ المصارف بتقديم طلباتها اليوم لدي يسبق يوم المزاد |
| 7 September 2013 | Credit Libanais SAL | $10.7 million | $21.6 million | Held back for audit | غراض تدقيقية |
| 7 October 2013 | Credit Libanais SAL | $8.5 million | $8.5 million | Old or invalid invoice; Held back for audit | سلسل 1 و2 لتجاوز مبلغ الاج سلسل 3 لاغراض تدة |
| 8 July 2013 | Credit Libanais SAL | $8 million | $8 million | Bank's funds did not cover the request | عدم كفاية الرصيد |
| 24 September 2013 | Credit Libanais SAL | $7.5 million | $7.5 million | Old or invalid invoice; Problem with the import licence; Missing or faulty documents | -تسلسل1 في كشف الحوالات لتجاوز مبلغ الاجاز -تسلسل 2 لورود رقم الاجازة خه 3-عدم تقديم معومات السويفت |
| 23 September 2013 | Credit Libanais SAL | $6 million | $10.5 million | Old or invalid invoice; Problem with the import licence | 1-تسلسل 1 في كشف الحوالات لتجاوز مبلغ الاجازة 2-استبعد مبلغ الحوالة 3150 لورود الطلب قبل يوم من المزاد ولوجود حوالة ثانية في نفس اليوم |
| 23 October 2013 | Credit Libanais SAL | $5.1 million | $5.1 million | Penalty on, or suspension of, the bank; Withdrawn at the bank's request | حسب طلب المصرف بكتابهم المرقم 937 في 2013/10/20 |
| 22 September 2013 | Credit Libanais SAL | $5.1 million | $9.3 million | Old or invalid invoice; Problem with the import licence | تسلسل 1 في كشف الحوالات لتجاوز مبلغ الاجازة المبلغ السموح به |
| 13 January 2013 | Credit Libanais SAL | $5 million | $5 million | Other reasons | التوقيع من مراقب المتثال في حين الموقع هو مراقب الامتثال |
| 19 February 2013 | Credit Libanais SAL | $5 million | $5 million | Other reasons | كشف الحوالات |
| 25 February 2013 | Credit Libanais SAL | $5 million | $5 million | Held back for audit | لاغراض تدقيقية |
| 27 February 2013 | Credit Libanais SAL | $5 million | $5 million | Customer in breach of anti-money-laundering rules | وجود زبون مخالف لتعليمات غسيل الاموال |
| 28 February 2013 | Credit Libanais SAL | $5 million | $8.5 million | Customer in breach of anti-money-laundering rules | وجود زبون مخالف لتعليمات غسيل الاموال |
| 4 March 2013 | Credit Libanais SAL | $5 million | $5 million | Customer in breach of anti-money-laundering rules | وجود زبون مخالف لتعليمات غسيل الاموال |
| 12 September 2013 | Credit Libanais SAL | $5 million | $8.9 million | The same customer at more than one bank; Old or invalid invoice; Problem with the import licence | 1-تكرار الاسماء مع مصرف اميرالد 2-تجاوز مبلغ الاجازة |
| 5 March 2013 | Credit Libanais SAL | $4.9 million | $4.9 million | Customer in breach of anti-money-laundering rules | وجود زبون مخالف لتعليمات غسيل الاموال |
| 20 October 2013 | Credit Libanais SAL | $4.9 million | $4.9 million | Held back for audit | لاغراض تدقيقية |
| 16 July 2013 | Credit Libanais SAL | $4.4 million | $13.9 million | No reason given, or unreadable | |
| undated | Credit Libanais SAL | $4.4 million | $4.4 million | Problem with the import licence; Names or details do not match; Missing or faulty documents | لعدم تطابق منطوق اجازة الاستيراد مع المواد المستوردة في كشف الحوالة |
| 9 October 2013 | Credit Libanais SAL | $4.3 million | $4.3 million | Held back for audit | الاغراض تدقيقية |
| undated | Credit Libanais SAL | $4.1 million | $4.1 million | Penalty on, or suspension of, the bank; Withdrawn at the bank's request | بناء على طلب المصرف بكتابهم المرقم 907 في 2013/10/8 |
| undated | Credit Libanais SAL | $4.1 million | $4.1 million | Held back for audit | لاغراض تدقيقية |
| 18 February 2013 | Credit Libanais SAL | $4 million | $5 million | Customer in breach of anti-money-laundering rules; Problem with the import licence; Missing or faulty documents | لوجود زبون مخالف لتعليمات غسيل الاموال 1-لعدم وضوح المادة المستوردة في اجازة |
| 15 August 2013 | Credit Libanais SAL | $4 million | $4 million | Other reasons | لتقديم كشف الزبائن لطلب سابق |
| 5 September 2013 | Credit Libanais SAL | $4 million | $4 million | The same customer at more than one bank | لتكرار اسماء الزبائن في قوائم البيع مع مصرف اميرالد ,شركة هه مون ) |
| 27 February 2014 | Credit Libanais SAL | $4 million | $4 million | Other reasons | تاريخ الاشعار يوم 2014/02/25 ولم يحدد تاريخ دخول المزاد في القيا 2014/02/27 عن قيمة الشراء |
| 15 March 2014 | Credit Libanais SAL | $4 million | $4 million | Bank's funds did not cover the request | أبسبب قيد RTGS تاريخه يوم 3/9 ليوم إمزاد 2014/03/13 مخالف بذلك تعليمات إ588 في 2014/02/06 |
| 20 March 2014 | Credit Libanais SAL | $4 million | $4 million | Other reasons | لمخالفة تعليمات 19/3/9 لعام 2014 الفقرة |
| undated | Credit Libanais SAL | $4 million | $4 million | Other reasons | جاوز المصرف على الفقرة ,13 -ا ) م لليماتنا المرقلمة 19/3/9 لعام 014. |
| 10 April 2014 | Credit Libanais SAL | $4 million | $4 million | Other reasons | استبعاد المصرف بالكامل استناد الى الفقرة أ- 13 4,000,000 من تعليماتنا المرقمة 19/3/9 لعام |
| 24 June 2013 | Credit Libanais SAL | $3.9 million | $10 million | Problem with the import licence | 1-لوجود دمج في تفاصيل البضاعة واجازة الاستيراد والمبلغ المطلوب سلسل ,1) في كشف الحوالات 2-وجود فواتير مكررة ضمن المبل المطلوب |
| 25 June 2013 | Credit Libanais SAL | $3.9 million | $5.1 million | Other reasons | لتقديم المعاملة في نفس اليوم وهذا يخالف جدول مواعيد المصارف |
| 26 June 2013 | Credit Libanais SAL | $3.9 million | $3.9 million | Other reasons | لتقديمه الطلب في غير الموعد المحدد |
| 6 November 2013 | Credit Libanais SAL | $3.5 million | $3.5 million | Other reasons | لاظراض تدفوقية |
| 13 July 2013 | Credit Libanais SAL | $3.4 million | $16.5 million | Missing or faulty documents | 1-لعدم وضوج الجهة المستفيدة تسلسل رقم !5) بمبلغ ,!1950) 2-لعدم وضوح تاريخ الفاتورة تسلسل !6! بمبلغ !1417) |
| 30 July 2013 | Credit Libanais SAL | $3.3 million | $7.2 million | Held back for audit | لاغراض تدقيقية تسلسل !1) في كشف الحوالات |
| 19 November 2013 | Credit Libanais SAL | $3.3 million | $3.3 million | Other reasons | 105 ى 0120 7ج سصرة الشرء |
| 26 September 2013 | Credit Libanais SAL | $3.1 million | $7 million | The same customer at more than one bank; Held back for audit | 1-استبعدت الحوالة لاغراض تدقيقيا 2-من النقد بسبب تكرار الاسماء مع مصارف الوطني الاسلامي واميرالد |
| 1 April 2013 | Credit Libanais SAL | $3 million | $3 million | Problem with the import licence | تاريخ الاجازة قديم |
| 5 June 2014 | Credit Libanais SAL | $2.6 million | $2.8 million | Other reasons | لم استبعاد مبلغ 2647 لكون رصيد TG! |
| 19 July 2014 | Credit Libanais SAL | $2.6 million | $2.6 million | Other reasons | ستنادا الى تعليمات البنك المرقمة 9/3/9 منة 2014 الفقرة ,!17-أ) |
| 7 April 2013 | Credit Libanais SAL | $2.6 million | $2.6 million | Company's activity does not match the goods; Names or details do not match | اختلاف النشاط التجاري للزبون |
| 3 April 2013 | Credit Libanais SAL | $2.5 million | $2.5 million | Company's activity does not match the goods; Names or details do not match | اختلاف نشاط الجهة المستفيدة |
| 14 March 2013 | Credit Libanais SAL | $2.5 million | $6.4 million | Held back for audit | لاغراض تدقيقية تتعلق بالزبون |
| 3 March 2014 | Credit Libanais SAL | $2.5 million | $2.5 million | Other reasons | لان المينغ للمطلوب تحوينه إكير من للفتورة |
| undated | Credit Libanais SAL | $2.2 million | $7.3 million | No reason given, or unreadable | |
| 18 March 2013 | Credit Libanais SAL | $2.1 million | $2.1 million | Held back for audit | لاغراض تدقيقية تتعلق بالزبون |
| 29 May 2013 | Credit Libanais SAL | $2 million | $4.4 million | Duplicate or reused invoice | تكرار أستخدام الفاتورة لأكثر من طلب تحويل تسلسل ,2) في كشف الحوالات |
| 22 July 2013 | Credit Libanais SAL | $1.9 million | $4.7 million | Held back for audit | لاغراض تدقيقية تسلسل !1) في كشف الحوالات |
| 29 December 2014 | Credit Libanais SAL | $1.8 million | $2.8 million | The same customer at more than one bank; Held back for audit | لمبلغ !1804) لاغراض تدقيقية والمبلغ !35) لتكرار اسماء من حصة لمصرف |
Page 1 of 2
Download:refusals.csv.xlsx
Company names in the Central Bank's notes are shown as read from the scanned minutes. 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.