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 September 24, 2019
The Central Bank announces amendments to the controls on the declaration of funds entering and leaving Iraq

 



For the sake of the Central Bank of Iraq to clarify the instructions and regulations for the declaration of funds entering and leaving across the Iraqi border.
 
The Central Bank of Iraq / Council for Combating Money Laundering and Financing of Terrorism, would like to announce the first amendment to the rules for the declaration of funds when they are entered or taken out across the Iraqi borders, published in the Iraqi Fact Sheet No. 4551 dated 19/8/2019, before they enter into force in February 2020, to spare citizens and travelers legal accountability for the irregularities stipulated in those controls during the transfer of funds across the border .
 
Central Bank of Iraq
information Office
2019/9/24
 
»  For the first amendment to the regulations permit funds No. ( 1 ) for the year ( 2019 ) ... Click here

 

 

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The Central Bank announces amendments to the authorization controls for funds entering and leaving Iraq

dolar.jpg

 

Economy ofthe Central Bank ofIraqincoming and outgoing funds

 2019/09/24 05:37:19

 

Twilight News / The Central Bank announced on Tuesday amendments to the controls on the declaration of funds entering and leaving Iraq.

The bank said in a statement today, "for the sake of clarifying the instructions and regulations for the declaration of funds entering and leaving across the Iraqi border."

The Anti-Money Laundering and Terrorism Financing Council of the Bank announced the first amendment of the rules for the declaration of funds when they are entered or taken out across the Iraqi borders, and published in the Iraqi newspaper Al-Waqa'eq (No. 4551) on 19/8/2019 before entering into force in February of the year. 2020, to spare citizens and travelers legal accountability for the irregularities stipulated in those controls during the transfer of funds across the border.

https://www.shafaaq.com/ar/اقتصـاد/البنك-المركزي-يعلن-تعديلات-على-ضوابط-التصريح-للأموال-الداخلة-والخارجة-من-العراق/

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Release date:: 2019/29/24 13:36 • 87 times read
The Central Bank announces amendments to the controls on the declaration of funds coming out and entering Iraq
{Baghdad: Euphrates News} The Central Bank of Iraq announced amendments in the controls on the declaration of funds entering into and out of Iraq.
According to a statement issued to the Agency (Euphrates News) a copy of it, "for the sake of the Central Bank of Iraq to clarify the instructions and regulations for the declaration of funds entering and exiting across the Iraqi border would like the Bank / Council to combat money laundering and the financing of terrorism, to announce the first amendment of controls Entered or ejected across the Iraqi border, published in the Iraqi newspaper Al-Waqa'eq (4551) on 19/8/2019 before entering into force in February 2020, in order to spare citizens and travelers legal accountability for the violations stipulated in these controls during the transfer of funds through Limit D ".anthy
For the text of the First Amendment to these controls , please visit the website of the Central Bank of Iraq .. Click here
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The Central Bank introduces amendments to the controls on the declaration of funds entering and leaving Iraq

Political | 01:38 - 24/09/2019

 
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BAGHDAD - Mawazine News
The Central Bank of Iraq, on Tuesday, amendments in the controls on the declaration of funds entering into and out of Iraq.
A statement of the bank, received / Mawazine News / copy of it: "For the sake of the Central Bank of Iraq to clarify the instructions and regulations for the declaration of funds entering and leaving across the Iraqi border."
He added: "The Central Bank of Iraq / Council to combat money laundering and the financing of terrorism, to announce the first amendment to the controls on the declaration of funds when entered or taken out across the Iraqi border, and published in the Iraqi newspaper Al-Waqa'eq number 4551 on 19/8/2019, before entering In force in February 2020, to spare citizens and travelers legal accountability for the violations provided for in these controls during the transfer of funds across the border. " Ends 29/43
For the text of the First Amendment, please visit the CBI website:

https://cbi.iq/news/view/1292

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Economy

Tuesday 24 September 2019 01:57 PM

| Number Of Hits: 74

irq_1871466011_1569322678.jpg&max_width=300

 

The Central Bank amends controls on the transfer of funds during travel to and from Iraq

 

 

BAGHDAD / ... The Central Bank of Iraq, on Tuesday, on amendments in the controls on the declaration of funds entering and leaving Iraq.

A statement of the bank received "Eye of Iraq News", "For the sake of the Central Bank of Iraq to clarify the instructions and regulations for the declaration of funds entering and exiting across the Iraqi border would like the Bank / Council to combat money laundering and terrorist financing, to announce the first amendment Entered or ejected across the Iraqi border, published in the Iraqi newspaper Al-Waqa'eq (4551) on 19/8/2019, before its entry into force in February 2020, to spare citizens and travelers legal accountability for the violations stipulated in these controls during the transfer of funds through Border. " Thi
For the text of the First Amendment to these controls , please visit the website of the Central Bank of Iraq .. Click  here

http://aynaliraqnews.com/index.php?aa=news&id22=125467

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The Central Bank announces amendments to the controls on the declaration of funds entering and leaving Iraq

By mustafa k 24/09/2019 02:35 PM | Number Of Hits: 310

The Central Bank announces amendments to the controls on the declaration of funds entering and leaving Iraq

Ahd News - Baghdad

The Central Bank announced amendments in the controls on the declaration of funds entering and leaving Iraq.

The Bank said in a statement received by Al-Ahd News, a copy of it, on Tuesday,: In order to clarify the instructions and regulations for the declaration of funds entering and leaving across the Iraqi border Entry or exit across the Iraqi border, published in the Iraqi newspaper Al-Waqa'eq (4551) on 19/8/2019, before it entered into force in February 2020. "

He added that "this clarification to spare citizens and travelers legal accountability for the violations provided for in these controls during the transfer of funds across the border."  

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16 minutes ago, DWS112 said:

enter into force in February 2020

Last statement in the PDF:

تنفذ هذه الضوابط بعد (5) أشهر من تاريخ نشرها في الجريدة الرسمية. رئيس مجلس مكافحة غسل الأموال وتمويل الإرهاب محافظ البنك المركزي العراقي وكالة

These controls shall be implemented after (5) months from the date of their publication in the Official Gazette.

Edited by DWS112
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Source:
 
1,963 views

The Central Bank of Iraq, on Tuesday, on amendments to the funds in and out of Iraq.

The bank said in a statement that Alsumaria News received a copy of it that "issued amendments to the controls on the authorization of incoming and outgoing funds across the Iraqi border and published in the Iraqi newspaper Al-Waqa'eq newspaper, issue (4551) on 19/8/2019, before entering into force in the month of February 2020 He pointed out that "the amendment comes to spare citizens and travelers legal accountability for the violations set forth in those controls during the transfer of funds across the border."
 
 
"The amendment is in addition to paragraph 5 of the regulations that the customs authorities have the right to inspect persons and inspect their luggage to verify the authenticity of the declared information upon verification or suspicion of a false declaration," the bank said.
 
He added that he added to the controls for her paragraph 8:

1- Amounts allowed to be brought in or out of and into the territory of the Republic of Iraq and include amounts below 10,000 US dollars or its equivalent in other currencies without being declared.
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1- Amounts allowed to be brought in or out of and into the territory of the Republic of Iraq and include amounts below 10,000 US dollars or its equivalent in other currencies without being declared.

 

Looking more and more like a 10 cent Dinar to me.   Pretty sure.

 

https://www.iatatravelcentre.com/IQ-Iraq-customs-currency-airport-tax-regulations-details.htm#Currency


Currency

Currency Import regulations:

Local currency (Iraqi Dinar-IQD) and foreign currencies: must be declared on arrival. 

Currency Export regulations:

1. Nationals or residents of Iraq being older than 18 years of age:
a. local currency (Iraqi Dinar-IQD): up to a maximum of IQD 100,000.-;
b. foreign currencies: up to a maximum of USD 10,000.- or equivalent. 
2. All other passengers: up to the amount imported and declared. 

 

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The Central Bank announces amendments to the controls on the declaration of funds entering and leaving Iraq

24/09/2019

 

 

 

(Independent) .. The Central Bank of Iraq / Council for Combating Money Laundering and Financing of Terrorism, announced the first amendment to the controls of the declaration of funds when entered or taken out across the Iraqi border, and published in the Iraqi newspaper Al-Waqa'eq newspaper (4551) on 19/8/2019, before entering Entry into force in February 2020.

The bank said the announcement came to spare citizens and travelers legal accountability for the violations stipulated in those controls during the transfer of funds across the border.

To view the text of the First Amendment, click here

 

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1 hour ago, Floridian said:

1- Amounts allowed to be brought in or out of and into the territory of the Republic of Iraq and include amounts below 10,000 US dollars or its equivalent in other currencies without being declared.

 

Looking more and more like a 10 cent Dinar to me.   Pretty sure.

 

https://www.iatatravelcentre.com/IQ-Iraq-customs-currency-airport-tax-regulations-details.htm#Currency


Currency

Currency Import regulations:

Local currency (Iraqi Dinar-IQD) and foreign currencies: must be declared on arrival. 

Currency Export regulations:

1. Nationals or residents of Iraq being older than 18 years of age:
a. local currency (Iraqi Dinar-IQD): up to a maximum of IQD 100,000.-;
b. foreign currencies: up to a maximum of USD 10,000.- or equivalent. 
2. All other passengers: up to the amount imported and 

Nope, that is not the rate..

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Just now, Floridian said:

 

I’ll go by today’s article, since it agrees with International Air Transport rules.

The reason why i said 10 cents is not the rate

First, U are given the amount 10,000 dollars.

Second, or its equivalent.( this is unknown variable.)...yes u can guess it's...ten cents because 100,000 dinars can be multiplied by .10 cents it will work out to 10,000 dollars...u can plug in any numbers ...plug in 50, 000 dinars or 10,000 dinars ang get the actual rate....10 cents is a start of a guess but not the actual rate.

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6 minutes ago, navira said:

The reason why i said 10 cents is not the rate

First, U are given the amount 10,000 dollars.

Second, or its equivalent.( this is unknown variable.)...yes u can guess it's...ten cents because 100,000 dinars can be multiplied by .10 cents it will work out to 10,000 dollars...u can plug in any numbers ...plug in 50, 000 dinars or 10,000 dinars ang get the actual rate....10 cents is a start of a guess but not the actual rate.


I divided $10,000 x $100,000 = $0.10 cent

 

I hope your correct Navira. 👍🏻
Im hoping for a sucker rate now and a rate increase in January.  

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Sorry, I didn't have time until now to do the entire pdf

 

Here is the PDF:

 

Pursuant to the provisions of paragraph (IV) of article (1) and the provisions of articles (4) * and (") of the Anti-Money Laundering and Terrorist Financing Law No. 9" of the year © 2011. We have issued the following controls: - No. (1) for the year 1111 "the first amendment to the controls on the declaration of funds when entered and exited across the Iraqi border No. (1) for the year 111" 1. Add the following to paragraph (5) of the controls 1 and item (c) have: (C) The customs authorities shall have the power to inspect persons and to inspect 1 persons to verify the authenticity of the information declared upon verification or suspicion of a false declaration, a state of withholding, or in case of suspicion that the funds being transferred are illicit. Paragraph (6) has the following: - / -

Amounts allowed to enter or exit them to and from the territory of the Republic of Iraq; The amounts below (10000) (ten thousand US dollars) or equivalent in other currencies without being declared.

 

B- Amounts exceeding (10000) (ten thousand US Dollars) to (20,000) (twenty thousand US Dollars), subject to the declaration of termination with the necessity of showing the support for the purpose of inserting or removing these amounts »In case of lack of supporting documents


C - It is prohibited to enter or remove amounts exceeding (20000) (twenty thousand US dollars) or
The process of entering or taking out such amounts shall be through Financial institutions exclusively.

 

D - It is forbidden to enter or remove amounts exceeding (1000000) (one million Iraqi dinars) until
The amount will be seized and legal action will be taken.:cowboy2:

 

These controls shall be implemented five months after their publication in the Official Gazette.


Chairman of the Anti-Money Laundering and Terrorist Financing Council
Governor of the Central Bank of Iraq Agency

 

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3 minutes ago, DWS112 said:

Sorry, I didn't have time until now to do the entire pdf

 

Here is the PDF:

 

Pursuant to the provisions of paragraph (IV) of article (1) and the provisions of articles (4) * and (") of the Anti-Money Laundering and Terrorist Financing Law No. 9" of the year © 2011. We have issued the following controls: - No. (1) for the year 1111 "the first amendment to the controls on the declaration of funds when entered and exited across the Iraqi border No. (1) for the year 111" 1. Add the following to paragraph (5) of the controls 1 and item (c) have: (C) The customs authorities shall have the power to inspect persons and to inspect 1 persons to verify the authenticity of the information declared upon verification or suspicion of a false declaration, a state of withholding, or in case of suspicion that the funds being transferred are illicit. Paragraph (6) has the following: - / -

Amounts allowed to enter or exit them to and from the territory of the Republic of Iraq; The amounts below (10000) (ten thousand US dollars) or equivalent in other currencies without being declared.

 

B- Amounts exceeding (10000) (ten thousand US Dollars) to (20,000) (twenty thousand US Dollars), subject to the declaration of termination with the necessity of showing the support system" rel="">support for the purpose of inserting or removing these amounts »In case of lack of supporting documents


C - It is prohibited to enter or remove amounts exceeding (20000) (twenty thousand US dollars) or
The process of entering or taking out such amounts shall be through Financial institutions exclusively.

 

D - It is forbidden to enter or remove amounts exceeding (1000000) (one million Iraqi dinars) until
The amount will be seized and legal action will be taken.:cowboy2:

 

These controls shall be implemented five months after their publication in the Official Gazette.


Chairman of the Anti-Money Laundering and Terrorist Financing Council
Governor of the Central Bank of Iraq Agency

 

There it is...1,000, 000 dinars...now this u can plug in to the unknown variable...and get 1 cent for every dinar...but not to worry though because if this is a staring rate and it is a float, supply n demand will drive it high in short period of time....

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“in short period of time.”

 

navira, thanks for your posts.  Just so I understand the above quote.  “ in a short period of time”.  Does that mean soon, in few months, right around the corner, any day now, or IMMINENT!!!  😂 😂 😂 

 

Hahahahaha. Cheers !! 

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22 minutes ago, navira said:

I suspect the smaller notes n coins to come out next month.

.Oct 15 - Jan 15...


👍🏻👍🏻

 

6 minutes ago, Pitcher said:

“in short period of time.”

 

navira, thanks for your posts.  Just so I understand the above quote.  “ in a short period of time”.  Does that mean soon, in few months, right around the corner, any day now, or IMMINENT!!!  😂 😂 😂 

 

Hahahahaha. Cheers !! 

 

🔜🔜

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43 minutes ago, DWS112 said:

Amounts allowed to enter or exit them to and from the territory of the Republic of Iraq; The amounts below ($10,000) (ten thousand US dollars) or equivalent in other currencies without being declared.  It is forbidden to enter or remove amounts exceeding (1,000,000) (one million Iraqi dinars). 

 

+1 DWS. I'm no math genius, but something doesn't add up there. And it's not 10 cents. Hmmmm. :wacko:

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