Iraq's Corruption
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

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.

Every refusal, as read from the scanned minutes

Largest first. Company names are given as read from the scanned minutes. They are not accusations.

145 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.

DateBankRefusedOf a request forReasonAs read from the scanned minutes
19 June 2013Kurdistan International Islamic Bank for Investment & Development$25.3 million$31.3 millionWithdrawn at the bank's requestحسب طلب المصرف
undatedKurdistan International Islamic Bank for Investment & Development$25.3 million$28.5 millionPenalty on, or suspension of, the bank; Withdrawn at the bank's requestحسب طلب المصرف ذو الكتاب 984/ادارة/226 في 20/7/2013
undatedKurdistan International Islamic Bank for Investment & Development$18.7 million$18.7 millionNo reason given, or unreadable
2 January 2013Kurdistan International Islamic Bank for Investment & Development$15 million$15 millionOther reasonsالمزاد لايغطي اجور الخدمات وجود العبارة في كشف الحولات
9 October 2013Kurdistan International Islamic Bank for Investment & Development$13.3 million$14.3 millionMissing or faulty documents; Held back for auditستبعد من مبلغ الحوالة تسلسل !1 و 3) لاغراض تدقيقي ستبعد النقد لعدم توقيع الاستمارة والكتب المرفقة من قبل المدير المفوض للمصرف
14 September 2014Kurdistan International Islamic Bank for Investment & Development$12.2 million$12.2 millionHeld back for audit12,178,000 الاغراض تدقيقية
undatedKurdistan International Islamic Bank for Investment & Development$11.8 million$23.8 millionNo reason given, or unreadable
undatedKurdistan International Islamic Bank for Investment & Development$11 million$11 millionOther reasonsورود الطلب بعد الساعة الواحدة من ظهر هذا اليوم
undatedKurdistan International Islamic Bank for Investment & Development$10.8 million$10.8 millionMissing or faulty documents; Held back for auditستبعدت الحوالة لاغراض تدقيقية استبعد النقد لعدم وجود موافقة الصيرفة على المخول بالتوقيع / فرع بغداد
undatedKurdistan International Islamic Bank for Investment & Development$10.4 million$10.4 millionOther reasonsالتلل اخر م تايارة وتواجن فى الوات العار
5 March 2013Kurdistan International Islamic Bank for Investment & Development$10.3 million$10.3 millionCustomer in breach of anti-money-laundering rulesوجود زبون مخالف لتعليمات غسيل الاموال
4 March 2013Kurdistan International Islamic Bank for Investment & Development$10 million$10 millionCustomer in breach of anti-money-laundering rulesوجود زبون مخالف لتعليمات غسيل الاموال
20 March 2013Kurdistan International Islamic Bank for Investment & Development$10 million$14 millionHeld back for auditلاغراض تدقيقية تتعلق بالزبون
1 April 2013Kurdistan International Islamic Bank for Investment & Development$9.9 million$9.9 millionHeld back for auditلاغراض تدقيقية تتعلق برقم وتاريخ الفاتورة
3 October 2013Kurdistan International Islamic Bank for Investment & Development$9.7 million$9.7 millionOld or invalid invoice; Problem with the import licence; Held back for audit1-تسلسل 1 في كشف الحوالة لتجاوز مبلغ الاجازة 2-تسلسل 2 و 3 لاغراض تدقيقية
17 February 2013Kurdistan International Islamic Bank for Investment & Development$9.7 million$9.7 millionMissing or faulty documents; Held back for auditلاغراض تدقيقية 1-تاريخ الاقرار قديم 2-لعدم ادراج جمي
19 February 2013Kurdistan International Islamic Bank for Investment & Development$9.7 million$9.7 millionCustomer in breach of anti-money-laundering rules; Missing or faulty documentsلوجود زبون مخالف لتعليمات غسيل الاموال وجود فاتورة منتهية المدة 2-عدم وجود رقم
7 April 2013Kurdistan International Islamic Bank for Investment & Development$9.7 million$9.7 millionHeld back for auditلاغراض تدقيقية تتعلق برقم وتاريخ الفاتورة
13 January 2013Kurdistan International Islamic Bank for Investment & Development$9.6 million$9.6 millionOther reasons- كتب التحويل تحمل نفس العدد والتاري
12 January 2013Kurdistan International Islamic Bank for Investment & Development$9.4 million$18.6 millionOther reasonsلكون تاريخ الفاتورة قبل تاريخ فتح الاعتماد
15 January 2013Kurdistan International Islamic Bank for Investment & Development$9.4 million$9.4 millionMissing or faulty documentsلعدم تقديم الفاتورة الاساسية
undatedKurdistan International Islamic Bank for Investment & Development$9.2 million$14.1 millionHeld back for auditإلاغراض تدقيقية
10 January 2013Kurdistan International Islamic Bank for Investment & Development$9.1 million$9.1 millionNames or details do not matchلاختلاف تاريخ فتح الاعتماد في سويفت المصرف عن الكشف المقدم
28 December 2013Kurdistan International Islamic Bank for Investment & Development$8.8 million$14.7 millionOther reasonsم الفلا لنظر 16 سم مع مصارف العو
8 June 2014Kurdistan International Islamic Bank for Investment & Development$8.8 million$8.8 millionOther reasonsلتقديمه طلب الشراء بايداعات مستبعدة لايام سابقة
18 February 2013Kurdistan International Islamic Bank for Investment & Development$8.4 million$8.4 millionCustomer in breach of anti-money-laundering rulesلوجود زبون مخالف لتعليمات غسيل الاموال
15 December 2014Kurdistan International Islamic Bank for Investment & Development$8.4 million$8.4 millionHeld back for auditلاغراض تدقيقية
undatedKurdistan International Islamic Bank for Investment & Development$8.4 million$8.4 millionHeld back for auditلاغراض تدقيقية
27 October 2013Kurdistan International Islamic Bank for Investment & Development$8.3 million$8.3 millionOther reasonsدم وجود اسماء الموقعين على استمارة الشراء وطلب التحوتة ااصيرفة على توة هولاء الموقعين ادناه
27 February 2013Kurdistan International Islamic Bank for Investment & Development$8.3 million$12.3 millionCustomer in breach of anti-money-laundering rulesوجود زبون مخالف لتعليمات غسيل الاموال
4 December 2013Kurdistan International Islamic Bank for Investment & Development$8.3 million$24.2 millionOther reasonsإمن الحوقة تتفسل 2 دة للبر هوم المبنع تلس توسون على إن تقم لاحة ارغيد
25 March 2013Kurdistan International Islamic Bank for Investment & Development$8.1 million$8.1 millionDuplicate or reused invoiceرقم الفاتورة مكرر
7 January 2014Kurdistan International Islamic Bank for Investment & Development$8.1 million$12.1 millionMissing or faulty documents; Held back for auditال ,ت3) اغراض تاهقية تزول فى الوقت الحاض لوجود مستي - ,1! لعدم رضوح الاجاتزة
17 March 2013Kurdistan International Islamic Bank for Investment & Development$8 million$8 millionHeld back for auditلاغراض تدقيقية تتعلق بالزبون
undatedKurdistan International Islamic Bank for Investment & Development$8 million$8 millionOther reasons8,000,000 جارز ممنغ ال3جرا
undatedKurdistan International Islamic Bank for Investment & Development$7.8 million$13.7 millionNo reason given, or unreadable
5 September 2013Kurdistan International Islamic Bank for Investment & Development$7.7 million$7.7 millionPenalty on, or suspension of, the bank; Withdrawn at the bank's requestحسب طلب المصرف بكتابهم المرقم 258 في 2013/9/5
29 September 2013Kurdistan International Islamic Bank for Investment & Development$7.7 million$15.1 millionHeld back for auditتسلسل 1 و2 في كشف الحوالة لاغراض تدقيقية
undatedKurdistan International Islamic Bank for Investment & Development$7.4 million$7.4 millionOther reasons201 3/19/17 مرهفي الامتال امتارة الصيرفة والانمان لمرهة 3667 غي
18 March 2013Kurdistan International Islamic Bank for Investment & Development$7.3 million$7.3 millionHeld back for auditلاغراض تدقيقية تتعلق بالزبون
undatedKurdistan International Islamic Bank for Investment & Development$7.3 million$10.1 millionProblem with the import licence; Licence issued in the Kurdistan Region; Ministry of Trade letterأوذلك انه اعلمئنا وزارة التجارة ان اجازات الاستّيراد لصادرة من اقليم كردستان غير معتمدة ماعد والخلمات التجارية المراقيكة العامة للمعارض
8 October 2013Kurdistan International Islamic Bank for Investment & Development$7.2 million$7.2 millionHeld back for auditلاغراض تدقيقية
2 October 2013Kurdistan International Islamic Bank for Investment & Development$7 million$13 millionThe same customer at more than one bank2-استبعد من مبلغ النقد لتكرار الاسماء مع نفس المصرف ومع شركة الاعظمية التابعة لمصرف الرشيد
17 September 2013Kurdistan International Islamic Bank for Investment & Development$6.8 million$6.8 millionHeld back for auditاغراض تدقيقية
12 September 2013Kurdistan International Islamic Bank for Investment & Development$6.8 million$7.7 millionHeld back for auditاغراض تدقيقية
7 December 2014Kurdistan International Islamic Bank for Investment & Development$6.7 million$6.7 millionHeld back for audit6,700,000 لاغراض تدقيقية
16 December 2014Kurdistan International Islamic Bank for Investment & Development$6.7 million$9.5 millionHeld back for auditاستبعاد ,ت1)لاغراض تدقيقية
22 August 2013Kurdistan International Islamic Bank for Investment & Development$6.7 million$6.7 millionProblem with the import licence; Names or details do not match1-تجاوز المبلغ في اجازة الاستيراد 2-اختلاف المادة المستوردة عن ما مثبت في الفاتورة
1 October 2013Kurdistan International Islamic Bank for Investment & Development$6.4 million$6.4 millionMissing or faulty documentsلعدم تقديم معلومات السويفت
undatedKurdistan International Islamic Bank for Investment & Development$6.3 million$6.3 millionPenalty on, or suspension of, the bank; Withdrawn at the bank's requestحسب طلب المصرف ذو الكتاب المرقم 984/ادارة/237 في 8/8/2013
Page 1 of 3

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.