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
| 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- Withdrawn at the bank's request$1.27 billion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 written
Largest first. Company names are given as the committee wrote them. They are not accusations.
36 rows
| Date | Bank | Refused | Of a request for | Reason | The committee's words |
|---|---|---|---|---|---|
| 6 June 2013 | Dar Es Salaam Investment Bank | $4 million | $8 million | Withdrawn at the bank's request | حسب طلب المصرف المرفق نسخة منه طيا المرقم 2427 في 6/6/2013 |
| 10 September 2013 | Dar Es Salaam Investment Bank | $4 million | $4 million | Missing or faulty documents; Penalty on, or suspension of, the bank | 1-شركة العامر(بناء على طلب المديرية العامة للصيرفة والانتمان) 2-جنة الاسعار (لعدم تشابه اسم المدير المفوض في كتاب طلب الشراء وكتاب المديرية |
| 24 September 2013 | Dar Es Salaam Investment Bank | $4 million | $4 million | Missing or faulty documents | عدم ادراج إسم الام فس كشوفات البيع المقدمة رغم تبليغ المصارف بذلك مسبق |
| 8 October 2013 | Dar Es Salaam Investment Bank | $4 million | $4 million | Other reasons | عدم حصول المصرف على موافقة المديرية العامة لمراقبة الصيرفة والانتمان على تعيد المديرية العامة لمراقبة الصيرفة والانتمان |
| 29 October 2013 | Dar Es Salaam Investment Bank | $4 million | $4 million | Other reasons | تقديم المعاملة في نفس يوم المزاد |
| undated | Dar Es Salaam Investment Bank | $4 million | $4 million | Other reasons | تن المعاملة من اليل العدي الار |
| 7 January 2014 | Dar Es Salaam Investment Bank | $4 million | $4 million | Other reasons | استيط بالكامل |
| undated | Dar Es Salaam Investment Bank | $4 million | $4 million | Other reasons | ال الثاا، رم ال، راء المص |
| 4 February 2014 | Dar Es Salaam Investment Bank | $4 million | $4 million | No reason given, or unreadable | |
| 16 March 2014 | Dar Es Salaam Investment Bank | $4 million | $4 million | No reason given, or unreadable | |
| undated | Dar Es Salaam Investment Bank | $4 million | $4 million | Other reasons | لتقديمه ايداعات طلب الشراء في 2014/03/18 مخاف لتعليمات 588 في |
| 17 May 2014 | Dar Es Salaam Investment Bank | $4 million | $4 million | No reason given, or unreadable | |
| 21 January 2013 | Dar Es Salaam Investment Bank | $1.1 million | $1.1 million | Missing or faulty documents | كون العرض تعزيز رصيد وعدم وجود كشف الحولات |
| 5 February 2013 | Dar Es Salaam Investment Bank | $1.1 million | $1.1 million | Missing or faulty documents | عدم وجود توقيع مراقب الامتثال على الكشف التحليلي للحوالات الصادرة |
| 7 February 2013 | Dar Es Salaam Investment Bank | $1.1 million | $1.1 million | Missing or faulty documents; Penalty on, or suspension of, the bank | لعدم وجود رقم الحساب للمصرف على كتاب التحويل |
| 30 April 2013 | Dar Es Salaam Investment Bank | $1 million | $5 million | Other reasons | يراجع المديرية العامة للاستثمارات |
| 23 July 2013 | Dar Es Salaam Investment Bank | $0.4 million | $4 million | Missing or faulty documents | وذلك لوجود نقص في الاسماء |
| undated | Dar Es Salaam Investment Bank | $0.3 million | $1.8 million | The same customer at more than one bank | ستبعاد كلي لشركة السربال نتكرار. ا !6) اسماء واستبعاد جزئي لتكرار !4)اسم من الفوز |
| undated | Dar Es Salaam Investment Bank | $0.2 million | $4 million | The same customer at more than one bank | لتكرار !39)اسم مع مصرف الاستثمار |
| undated | Dar Es Salaam Investment Bank | $0.2 million | $4 million | The same customer at more than one bank | لتكرار !39)اسم مع مصرف الاستثمار |
| 18 August 2014 | Dar Es Salaam Investment Bank | $0.2 million | $4 million | Other reasons | المصرف33)اسم مع الخليج ونفس قرائم |
| undated | Dar Es Salaam Investment Bank | $0.1 million | $4 million | The same customer at more than one bank | لتكرار !,!22)اسم مع مصرف التنمية |
| undated | Dar Es Salaam Investment Bank | $0.1 million | $4 million | The same customer at more than one bank | لتكرار. ,19)اسم مع المتحد والاهلي |
| undated | Dar Es Salaam Investment Bank | $0.1 million | $4 million | The same customer at more than one bank | التكرار ,!14) اسعمع بغداد واربيل |
| undated | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | لتكرار ,!6) اسماء مع مصرف ايلاف ومع قوانم نفس ال |
| 12 April 2014 | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | والاس 8!اسماء مع مصرف اربين وبخاد |
| 1 October 2013 | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | تكرار الاسماء مع نفس المصرف ومصرف الاهلي 1-شركة التيم ,ذكر تاريخ البيع لزبون 2013/10/1) |
| 11 March 2014 | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | التكرار ,!3)اسماء مع مصرف ايلاف والتنم |
| 14 April 2014 | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | التكرار ,3) اسماء مع مصرف التنمية |
| undated | Dar Es Salaam Investment Bank | $0 million | $4 million | Other reasons | جود خطا في تاريخ البيع ل ,!3) اسماء ف ف الزبائن والفلا |
| 18 February 2014 | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | لتكرار اسمين مع مصرف الاقتصلا |
| undated | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | التكرار ,2) اسم مع نفس قوائم المصرف |
| undated | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | لتكرار ,!2)اسم مع مصرف الخليج |
| 28 January 2014 | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | لتكرار أسم مع مصرف ايلاف الاصلامي |
| undated | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | التكرار اسم واحد مع ء |
| 13 May 2014 | Dar Es Salaam Investment Bank | $0 million | $4 million | The same customer at more than one bank | لتكرار اسم مع مصرف ايلاف |
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.