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- Withdrawn at the bank's request$1.27 billion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.
47 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 |
|---|---|---|---|---|---|
| 3 December 2014 | Trans Iraq Bank (Iraq Trans Bank) | $18.5 million | $18.5 million | Held back for audit | 18,488,000 الاغراض تدافيقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $16.7 million | $16.7 million | Held back for audit | 16,655,000 لأغراض تدقيقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $15.2 million | $19.8 million | Held back for audit | استبعاد ,#ت 1وت3وت4! لاغراض تدقيقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $13.6 million | $22.6 million | Other reasons | من الحوالة لاغراض ثدقيقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $10.8 million | $16.5 million | Other reasons | مهرمت عن يرمات فساودة سرم. التحورة إلدة وغني |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $9.8 million | $9.8 million | Held back for audit | 9,848,000 الاغراض تديقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $9.2 million | $15.3 million | Other reasons | لتح لي لكل من ,تاوت 3وت3) |
| 2 December 2014 | Trans Iraq Bank (Iraq Trans Bank) | $8.6 million | $8.6 million | Held back for audit | 8,647,000 الاغراض تدقيقية |
| 10 September 2013 | Trans Iraq Bank (Iraq Trans Bank) | $7.7 million | $15.8 million | Held back for audit | اغراض تدقيقية |
| 9 December 2014 | Trans Iraq Bank (Iraq Trans Bank) | $6.1 million | $17.8 million | Held back for audit | استبعاد ,ت4) لاغراض تدقيقية . |
| 24 December 2014 | Trans Iraq Bank (Iraq Trans Bank) | $4.4 million | $18.3 million | Held back for audit | استبعاد ,ت4!لا غراض تدْقبقية |
| 30 October 2014 | Trans Iraq Bank (Iraq Trans Bank) | $4.1 million | $18.8 million | Held back for audit | استبعاد !,ت4)لاعراض تدايقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $4 million | $4 million | Other reasons | المفررض فراخ 40 السيمات بتزيخ 1/11 في |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $4 million | $4 million | Missing or faulty documents | بعسبب عدم وجود مرائب الامتثال |
| 2 February 2014 | Trans Iraq Bank (Iraq Trans Bank) | $4 million | $4 million | Held back for audit | لاعراض تدقيقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $4 million | $4 million | Other reasons | م وجود مراقب امتثال موافق عليه ، الصيرفة والانتم |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $3.4 million | $13.8 million | Other reasons | مركة الق الروسس لن لتكر اسماههو دقيقية |
| 6 December 2014 | Trans Iraq Bank (Iraq Trans Bank) | $2.6 million | $16.5 million | Held back for audit | لاغراض تدقيقية |
| 16 March 2014 | Trans Iraq Bank (Iraq Trans Bank) | $2.4 million | $4 million | Other reasons | الفقرة ,13 أ) |
| 13 December 2014 | Trans Iraq Bank (Iraq Trans Bank) | $2.3 million | $18.4 million | Held back for audit | ستبعاد ,ت2) لاغراض تدقيقية |
| 26 October 2014 | Trans Iraq Bank (Iraq Trans Bank) | $1 million | $28.9 million | The same customer at more than one bank | بعاد كلي لشركة الساعة والغبطة وسورا كرار اسماءء راستبعاد جزئئ لتكرار ,1)اسم لا من المثقال والموج والايهاب و!2)اسم من الارض بيضاء و!,!3)اسم من النيار ومن الفرع الرئيس تكرار !,!3)ا |
| 19 October 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0.6 million | $26.8 million | The same customer at more than one bank | ستبعاد كلي لشركة الغبطة لتكرار اسماء ى شركة لوصي العراق لتقديمه مع مصرف اخر بدون موافقا |
| 9 November 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0.3 million | $20.8 million | The same customer at more than one bank; Held back for audit | مركة العماريسى لتكرار (6)اسم واستبعاد كلو غراض تدق |
| 13 November 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0.3 million | $21 million | No reason given, or unreadable | |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $0.3 million | $0.3 million | Held back for audit | لاغراض تدقيقية |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $0.2 million | $4 million | The same customer at more than one bank | تارار الاسماء مع شركات الصيرقة انتابعة لمصرف الرشيد ومصرف المتعد |
| 1 June 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0.2 million | $9.4 million | Bank's funds did not cover the request | لكون قيد RTGS لا يغطي مبلغ طلب الشراء |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $0.2 million | $4 million | The same customer at more than one bank; Missing or faulty documents | استبعد من النقد لعدم ذكر اسم الام في الكشف لخمس اسماء زبانن وتكرار الاسماء والاقام الجوازات مع مصارف الرشيد والمتحد |
| 27 October 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0.1 million | $4 million | The same customer at more than one bank | تكرار الاسماء مع مصارف الرشيد والمتحد والعراقي للتجارة ومع المصرف نفسه |
| 29 October 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0.1 million | $18.6 million | Held back for audit | استبعاد من ,ت1)لاغراض تدائيقية |
| 28 December 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | No reason given, or unreadable | |
| 30 November 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $16.5 million | The same customer at more than one bank | من الفرع الرئيسي لتكرار اسماء |
| 10 November 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | The same customer at more than one bank | تكرار الإسماء ضمن قوائم العصرف نفسه |
| 8 December 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | Other reasons | تكرار الأسداه ضمن اوائم المعرد ممع شركاك للبعاة لمصرف الوشيد |
| 17 August 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $27.3 million | Other reasons | من شركة الكرمء من شركة الملاح و(2!اسم |
| 5 October 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | The same customer at more than one bank | تكرار الاسماء في قائمة الزبانن المقدمة ومع مصرف ايلاف |
| 10 August 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $25.5 million | Other reasons | والساع (1!اسم لكل من الصبا والقيئارة والفاخر |
| 20 October 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | Names or details do not match | اختلاف اسماء الابناء مع الامهات |
| 16 December 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | Other reasons | كزر الاسماء |
| 7 December 2014 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $24.1 million | The same customer at more than one bank | عاد جزئى لتكرار (1)اسم من شركة سور |
| 17 November 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | Other reasons | مع مصرف الرشية |
| 24 November 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | The same customer at more than one bank | تكرار الاسماء ضمن فوائم المصرف |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | Other reasons | بديب تكرنر اسمي الزيون مع مصرفي ايلاف الاسلامي وهغداد |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | The same customer at more than one bank | لتكرار اسمين مع الشمال والمتحد |
| 22 September 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | The same customer at more than one bank | تكرار الاسماء مع مصرف المتحد |
| 29 September 2013 | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | The same customer at more than one bank | تكرار الاسماء مع مصرف المنصور |
| undated | Trans Iraq Bank (Iraq Trans Bank) | $0 million | $4 million | The same customer at more than one bank | لتكرار اسم مع مصرف الشمال |
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.