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- Withdrawn at the bank's request$1.27 billion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.
80 rows
| Date | Bank | Refused | Of a request for | Reason | The committee's words |
|---|---|---|---|---|---|
| 21 May 2013 | Mansour Bank for Investment | $12.1 million | $12.1 million | Other reasons | لتقديمه في تاريخ يوم امس |
| 18 May 2014 | Mansour Bank for Investment | $11.5 million | $11.5 million | Names or details do not match; Penalty on, or suspension of, the bank | الحوالة والنقد استبعاد لاختلاف اسم مسؤول وحدة سل الاموال حسب مذكرة الصيرفة المرقمة 1985 في 2014/5/17 وبالنسبة للحوالة اختلاف الممبلغ المطلوب رقما وكتابة |
| 13 February 2013 | Mansour Bank for Investment | $11.4 million | $11.4 million | Missing or faulty documents | عدم وجود توقيع المخول على كشف الحوالات |
| undated | Mansour Bank for Investment | $10.7 million | $16.7 million | No reason given, or unreadable | |
| 26 February 2013 | Mansour Bank for Investment | $10.4 million | $10.4 million | Missing or faulty documents; Penalty on, or suspension of, the bank | لعدم وجود توقيع المخول على كتاب التحويل |
| 20 May 2013 | Mansour Bank for Investment | $9.4 million | $9.4 million | Other reasons | لتقديمه في نفس اليوم |
| 28 May 2013 | Mansour Bank for Investment | $9.4 million | $9.4 million | Bank's funds did not cover the request; Missing or faulty documents | لعدم كفاية رصيد المصرف |
| 6 June 2013 | Mansour Bank for Investment | $9.4 million | $9.4 million | Duplicate or reused invoice; Bank's funds did not cover the request | 1-عدم كفاية رصيد المصرف 2-للتقديم في غير الموعد المحدد 1-لاستخدام الفاتورة لأكثر من طلب تحويل تسلسل ,!2(1-في الطلب |
| 30 July 2013 | Mansour Bank for Investment | $8.5 million | $8.5 million | Penalty on, or suspension of, the bank | لانتهاء صلاحية التخويل بموجب كتاب المصرف ق.د/1586 في 8/7/2013 |
| 17 February 2013 | Mansour Bank for Investment | $8 million | $8 million | Other reasons | حوالات والاعتمادات في الكشف التحليل للحوالات |
| 21 January 2013 | Mansour Bank for Investment | $7.3 million | $7.3 million | Other reasons | قديم |
| 7 January 2014 | Mansour Bank for Investment | $6.6 million | $6.6 million | No reason given, or unreadable | |
| 14 September 2013 | Mansour Bank for Investment | $6 million | $6 million | Other reasons | عدم توقيع استمارة الشراء من قبل المدير المفوض |
| 8 October 2013 | Mansour Bank for Investment | $5.9 million | $5.9 million | Missing or faulty documents | عدم تقديم معلومات السويفت |
| undated | Mansour Bank for Investment | $5.7 million | $5.7 million | Other reasons | تدم اعتدء الرقوع ناهب العدير الملوض من ألبل الصيرقة |
| 7 March 2013 | Mansour Bank for Investment | $5.6 million | $5.6 million | Customer in breach of anti-money-laundering rules | وجود زبون مخالف لتعليمات غسيل الاموال |
| 8 June 2013 | Mansour Bank for Investment | $5.6 million | $5.6 million | Other reasons | لتقديم الطلب في غير الموعد المحدد |
| 7 December 2013 | Mansour Bank for Investment | $5.4 million | $5.4 million | No reason given, or unreadable | |
| 24 November 2013 | Mansour Bank for Investment | $5.2 million | $5.2 million | Other reasons | الصيوفة والاشان المرقمة وال3اكاتد3 ملسورعى فى 2122 |
| 19 February 2013 | Mansour Bank for Investment | $5.2 million | $8 million | Customer in breach of anti-money-laundering rules; Problem with the import licence | وتاريخ اجازة الاستيراد 1- لوجود زبون مخالف لتعليمات غسيل الاموال |
| 21 February 2013 | Mansour Bank for Investment | $5.1 million | $5.1 million | Customer in breach of anti-money-laundering rules; Old or invalid invoice | 1- تاريخ الفاتورة قديم 2-وجود زبون مخالف لتعليمات غسيل الاموال |
| 10 March 2013 | Mansour Bank for Investment | $5.1 million | $5.1 million | Customer in breach of anti-money-laundering rules | - وجود زبون مخالف لتعليمات غسيل الاموا -تاريخ الفاتورة قد |
| 21 July 2013 | Mansour Bank for Investment | $4 million | $4 million | Other reasons | لتثبيت تواريخ البيع لأشهر الثامن والتاسع والعاشر والحادي عشر من عام2013 |
| 4 August 2013 | Mansour Bank for Investment | $4 million | $4 million | The same customer at more than one bank | ستبعاد كلي لتكرار الاسماء |
| 1 September 2013 | Mansour Bank for Investment | $4 million | $4 million | Missing or faulty documents | بسبب عدم ادراج اسم الام في الكشوفات المرفقة |
| undated | Mansour Bank for Investment | $3.7 million | $3.7 million | Other reasons | 1013/40/2مم تالب المبي ال |
| 12 February 2013 | Mansour Bank for Investment | $3.7 million | $10.8 million | Names or details do not match; Penalty on, or suspension of, the bank | لاختلاف المبلغ رقما وكتابتا |
| undated | Mansour Bank for Investment | $3.6 million | $3.6 million | No reason given, or unreadable | |
| 24 October 2013 | Mansour Bank for Investment | $3.3 million | $3.3 million | Other reasons | بسبب تقديم المعاملة في يوم الاربعاء 2013/10/23 |
| 9 December 2013 | Mansour Bank for Investment | $3.3 million | $3.3 million | No reason given, or unreadable | |
| 8 December 2013 | Mansour Bank for Investment | $3.3 million | $7.1 million | No reason given, or unreadable | |
| 21 November 2013 | Mansour Bank for Investment | $3.2 million | $3.2 million | Other reasons | 3239/00 في 4013010/2 ض دو: صيارتو فى مقرة قموفة و |
| undated | Mansour Bank for Investment | $3.2 million | $3.2 million | Held back for audit | اغراض تلقياية |
| undated | Mansour Bank for Investment | $2.9 million | $2.9 million | Other reasons | تنادا الى تعليمات البنك المركزي المرقم /19/3 لسنة 2014 الفقرة ,!17- |
| 25 February 2013 | Mansour Bank for Investment | $2.8 million | $6.7 million | Customer in breach of anti-money-laundering rules | وجود زبون مخالف لتعليمات غسيل الاموال |
| 16 June 2013 | Mansour Bank for Investment | $2 million | $12.6 million | Missing or faulty documents | لعدم وجود توقيع مراقب الامتثال على قوانم البيع النقدي |
| 7 July 2013 | Mansour Bank for Investment | $2 million | $2 million | Missing or faulty documents | لعدم وجود فلاش باسماء الزبائن ووجود نقص بالاسماء |
| 30 April 2013 | Mansour Bank for Investment | $1.5 million | $2.5 million | Other reasons | انتهاء تاريخ الفاتورة |
| 5 February 2013 | Mansour Bank for Investment | $1.3 million | $7.2 million | Problem with the import licence | تاريخ اجازة الاستيراد كان في 2013/03/19 |
| 17 August 2014 | Mansour Bank for Investment | $1.2 million | $7 million | No reason given, or unreadable | |
| undated | Mansour Bank for Investment | $1.1 million | $5 million | Bank's funds did not cover the request | استبعاد كل الشركات بسبب لايداعه قيد الRTGS لها يوم 3/5 ليوم 2014/03/09 مخالف بذلك تعليمات 588 |
| 29 April 2013 | Mansour Bank for Investment | $1 million | $2.5 million | Old or invalid invoice | انتهاء تاريخ الفاتورة 1- رقم وتاريخ الفاتورة قديم 2- تكرار في |
| 12 April 2014 | Mansour Bank for Investment | $0.9 million | $1.9 million | Penalty on, or suspension of, the bank | ستبعاد كلي للشركات (النبلاء والنور والتحويل المالي ) استنادا لمذكرة الصيرفة 1462/3/9/د في 2014/04/09 وا واحد من حصة شركة المنافع |
| 22 July 2013 | Mansour Bank for Investment | $0.8 million | $0.8 million | Missing or faulty documents | للحوالات وعدم ذكر عناوينهم الوظيفية |
| 27 July 2013 | Mansour Bank for Investment | $0.8 million | $0.8 million | Other reasons | استمارة والاقرار |
| 5 August 2013 | Mansour Bank for Investment | $0.8 million | $10.3 million | Other reasons | لانتهاء تاريخ الفاتورة تسلسل ,!3) في كشف الحوالة |
| 28 January 2013 | Mansour Bank for Investment | $0.7 million | $16.6 million | Customer in breach of anti-money-laundering rules | عدم التزام الزبون بتعيمات غسيل الاموال |
| undated | Mansour Bank for Investment | $0.5 million | $6.8 million | The same customer at more than one bank; The bank's whole request excluded; Penalty on, or suspension of, the bank | و,1!س221ن الناتر واستعد على نشركة التبيلد سب مذكرة الصيرفة 313/6/9 فى 2013/11/10و من حصة المصرف لتكرار ,!12) اسم |
| 5 May 2013 | Mansour Bank for Investment | $0.5 million | $3 million | Old or invalid invoice | تاريخ الفاتورة قديم |
| 14 May 2013 | Mansour Bank for Investment | $0.5 million | $0.5 million | Other reasons | قدمت بنفس يوم المزاد |
Page 1 of 2
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.