CBI News 06/27/2019

[yota691]

Withdrawal of the license of the Urban Company to mediate the sale and purchase of foreign currencies

 

  

 June 27, 2019

 

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To / Ministry of Commerce / Companies Registration Department ( Withdrawal of Leave )

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The Board of Directors of this bank No. (89) for the year 2019.

The law of the Central Bank of Iraq No. (56) for the year 2004 and combating money laundering and terrorist financing No. (39) for the year 2015 and controls the organization of the work of companies mediating the sale and purchase of foreign currency No. (1) for the year 2018.

It is decided to withdraw the company's license above and confiscate the letter of guarantee issued by the bank of Noor Iraq Islamic by JD (50,000,000) (JD 50 million) in favor of this bank and cancel the certificate of establishment granted to you by you and provide us with a letter of cancellation of the company name from your records.

[DWS112]

Electronic payment services

 

  

 June 27, 2019

 

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To all banks and electronic payment providers ( electronic payment services )

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Further to our General Assemblies numbered 402/23, 168/23, 1091/23 and 1162/23, dated 2018/3/12, 2019/1/28, 2019/6/2, and 2019.6.13. In view of the Bank's plans for conversion In order to reduce the burden on the beneficiaries of the service, we call on banks and electronic payment companies to take the necessary and develop plans and strategies for the deployment of collection tools (ATMs, points of sale) in proportion to the number of cards, and no objection to continue to work through agents / Until adequate availability of ATMs is available.

[yota691]

 

Central Bank withdraws a license broker to sell and buy currencies

 

The number of readings: 10

Agency of the orbit -

BAGHDAD 
- The Central Bank of Iraq (CBE) announced on Thursday the withdrawal of a license to sell and buy foreign currency for breach of instructions. 
The bank said in a statement received the 'orbit' a copy of it that 'in view of the violation of the company to broker the sale and purchase of foreign currencies to the provisions of the instructions to regulate the work of brokerage companies and the fight against money laundering and terrorism financing decided to withdraw the founding license of the company'. 
The bank added that it was decided to withdraw the company's license and confiscate the letter of guarantee issued by the bank of Noor Iraq Islamic for 50 million dinars in favor of this bank. He called on the Ministry of Commerce to cancel the certificate of establishment granted to it by you, in addition to removing the name of the company from your records, Certificate filtering.

 

[yota691]

Central Bank withdraws brokerage company to sell and buy currencies

Economie

2019-06-27 07:03

 

 

340 views

 

The Central Bank of Iraq announced on Thursday the withdrawal of the license of a brokerage company to sell and buy foreign currencies for violating the instructions.

The bank said in a statement received by Alsumaria News that "in view of the violation of the urban company to mediate the sale and purchase of foreign currencies to the provisions of the instructions to regulate the work of brokerage companies and the fight against money laundering and terrorism financing decided to withdraw the company's founding license."

 

 

The bank said that it was decided to withdraw the company's license and confiscate the letter of guarantee issued by the bank of Noor Iraq Islamic for 50 million dinars in favor of this bank. He called on the Ministry of Commerce to cancel the certificate of establishment granted to it by you, in addition to removing the name of the company from your records, Certification of liquidation. " 



and established the Central Bank of Iraq is an independent bank under the law issued on the sixth of March 2004, an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, and supervises 10 commercial banks and 26 banks waged and 16 Islamic banks, in addition to 19 As well as 6 institutions And 31 financial mechanism to transform the company.

[Butifldrm]

Central Bank withdraws brokerage company to sell and buy currencies

 

Economie

2019-06-27 07:03

934 views

The Central Bank of Iraq announced on Thursday the withdrawal of the license of a brokerage company to sell and buy foreign currencies for violating the instructions.

The bank said in a statement received by Alsumaria News that "in view of the violation of the urban company to mediate the sale and purchase of foreign currencies to the provisions of the instructions to regulate the work of brokerage companies and the fight against money laundering and terrorism financing decided to withdraw the company's founding license."

The bank said that it was decided to withdraw the company's license and confiscate the letter of guarantee issued by the bank of Noor Iraq Islamic for 50 million dinars in favor of this bank. He called on the Ministry of Commerce to cancel the certificate of establishment granted to it by you, in addition to removing the name of the company from your records, Certification of liquidation. " 

and established the Central Bank of Iraq is an independent bank under the law issued on the sixth of March 2004, an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, and supervises 10 commercial banks and 26 banks waged and 16 Islamic banks, in addition to 19 As well as 6 institutions And 31 financial mechanism to transform the company.

https://www.alsumaria.tv/news/اقتصاد/309214/المركزي-يسحب-اجازة-شركة-توسط-لبيع-وشراء-العملات

[dinarham]

3 hours ago, DWS112 said:

Electronic payment services

             Unlike the atm pictured above,{ unless it rv's,}  the atm's  '  in Iraq  will be as big as a church. Truckloads of cash would be delivered and deposited daily . The Iraqis have  tooled up for the large machinery required to disemble this cash into the atm's .  . Dispensing huge  volumes of cash into a machine is a new and daring concept ,so occasional break downs are expected

  

 June 27, 2019

 

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To all banks and electronic payment providers ( electronic payment services )

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Further to our General Assemblies numbered 402/23, 168/23, 1091/23 and 1162/23, dated 2018/3/12, 2019/1/28, 2019/6/2, and 2019.6.13. In view of the Bank's plans for conversion In order to reduce the burden on the beneficiaries of the service, we call on banks and electronic payment companies to take the necessary and develop plans and strategies for the deployment of collection tools (ATMs, points of sale) in proportion to the number of cards, and no objection to continue to work through agents / Until adequate availability of ATMs is available.