yota691 Posted February 28, 2022 Report Share Posted February 28, 2022 Withdrawing the license of Al-Hatem Company to mediate in the sale and purchase of foreign currencies February 28, 2022 Based on the decision of the Board of Directors of this bank No. (25) for the year 2022. And in view of the violation by Al-Hatam Company to mediate in the sale and purchase of foreign currencies of the provisions of the controls regulating the work of mediation companies in the sale and purchase of foreign currencies No. (1) of 2018. It was decided to withdraw the company’s license and confiscate the insurance deposited with this bank amounting to (50,000,000) dinars (fifty million dinars) and cancel the certificate of incorporation granted to it by the Ministry of Commerce / Companies Registration Department and provide us with a letter to write off the company’s name from your records and the certified liquidation minutes and letter. Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 28, 2022 Author Report Share Posted February 28, 2022 The Central Bank of Iraq withdraws the license of a financial mediation company for violating instructions 2022-02-28 07:11 Shafaq News/ The Central Bank of Iraq announced, on Monday, that it has withdrawn insurances and licensed a company brokering the sale and purchase of foreign currencies for violating instructions. In a statement received by Shafaq News Agency, the bank said, "In view of the violation of the (Al-Hatim) company to mediate for the sale and purchase of foreign currencies, the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company's license." He added, "It was also decided to confiscate the insurance deposited with the Central Bank, amounting to 50 million dinars," calling on the Ministry of Commerce to "cancel the certificate of incorporation granted to the company, in addition to striking off the company's name from the records and providing the Central Bank with the certified liquidation letter." The Central Bank of Iraq was established as an independent body under its law issued on March 6, 2004, after it had been linked to the Ministry of Finance before this date. It is responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks, and 16 Islamic banks. In addition to 19 foreign banks, as well as 6 financial institutions and 31 money transfer companies. 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 28, 2022 Author Report Share Posted February 28, 2022 Gold bullion and coin prices for Monday 28/2 to Thursday 3/3/2022 February 28, 2022 ( Citizens can review government and private banks to buy gold bars and coins ) Gold bullion and coin prices for Monday 28/2 to Thursday 3/3/2022 the weight Price/JD picture/forward Photo/Back minted 15 g 1,464,000 mint 22 g 2,147,000 5 g ingot 459,500 slug 10 g 909,000 slug 15 g 1,366,000 slug 20 g 1,832,000 slug 25 g 2,299,500 ingot 50 gm 4,603,500 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 28, 2022 Author Report Share Posted February 28, 2022 The Central Bank hits a brokerage company for violations related to the sale of currency..and the “remittance difference” on the public prosecution’s table 2022-02-28 Yes Iraq: Baghdad Today, Monday, the Central Bank of Iraq announced the withdrawal of insurances and the licensing of a company brokering the sale and purchase of foreign currencies for violating the instructions, in conjunction with parliamentary moves to interrogate the Minister of Finance and the Central Bank regarding violations related to the currency sale window. In a statement, the bank said, "In view of the violation of the (Al-Hatam) company to mediate for the sale and purchase of foreign currencies, the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company's license." He added, "It was also decided to confiscate the insurance deposited with the Central Bank, amounting to 50 million dinars," calling on the Ministry of Commerce to "cancel the certificate of incorporation granted to the company, in addition to writing off the company's name from the records and providing the Central Bank with the certified liquidation letter." The Central Bank of Iraq was established as an independent body under its law issued on March 6, 2004, after it had been linked to the Ministry of Finance before this date. It is responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks, and 16 Islamic banks. In addition to 19 foreign banks, as well as 6 financial institutions and 31 money transfer companies. In a separate context, Representative Hadi Al-Salami approached the Public Prosecution Office to investigate the violations of the Ministry of Finance and the Central Bank, in light of the questions that the representative addressed to the two sides and the answers he received. Al-Salami’s address to the Public Prosecution focused on the difference between the Central Bank’s sales of dollars and remittances abroad, which amounted in 2020 to 37 billion dollars, while the value of what was imported was equivalent to only 14 billion dollars. 1 Quote Link to comment Share on other sites More sharing options...
SocalDinar Posted February 28, 2022 Report Share Posted February 28, 2022 Lawmaker asks public prosecution to sue finance minister and CBI governor https://shafaq.com/en/Iraq-News/Lawmaker-asks-public-prosecution-to-sue-finance-minister-and-CBI-governor 2022-02-28 06:15 Shafaq News/ An Iraqi lawmaker has asked the public prosecutor to commence legal proceedings against the Iraqi Minister of Finance, Ali Allawi, and the Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb Makhif, for charges related to foreign currency smuggling. In a correspondence addressing the Iraqi public prosecutor, MP Hadi al-Salami accused Allawi and Makhif of "corruption" and "wasting public funds" via the currency auctions the CBI organizes on five occasions weekly. Al-Salami cited a former correspondence with Makhif in which the latter pinned the devaluation decision on Allawi and avoided justifying the difference between the CBI sales and "forged" external remittance invoices. "The CBI sold $37 billion in 2020 as credits. However, the value of the imported goods is registered in the customs administration is less than $14 billion. There is a huge difference between the funds sold by the CBI and the corresponding external transfers." The lawmaker accused Minister Allawi and Governor Makhif of "intentionally harming the public funds and citizens" in accordance with Article 111 of the Iraqi Penal Code of 1969. 2 2 2 2 Quote Link to comment Share on other sites More sharing options...
dinarham Posted February 28, 2022 Report Share Posted February 28, 2022 The currency auctions have got to go , they've been corrupt for years 1 5 Quote Link to comment Share on other sites More sharing options...
DoD Posted February 28, 2022 Report Share Posted February 28, 2022 This lawmaker will suddenly die from a heart attack, soon I’m guessing…lol 1 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted March 1, 2022 Author Report Share Posted March 1, 2022 Al-Salami: I filed a complaint against the Minister of Finance and the Governor of the Central Bank because of corruption and currency smuggling 01 March 2022 - 1:21 PM Independent MP Hadi Al-Salami confirmed to Earth News the general budget includes Article 16 fourth, which stipulates that the Council of Ministers automate the tax and customs system and import licenses and link all units subject to tax and customs to an electronic system as soon as this law is approved and collect customs duties for imported goods on the basis of what has been sold in foreign currency Through the window of selling the currency and documentary credits to the importers of goods,” stressing that “the differences must be settled after entering the imported goods and audited by the concerned authorities.” 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted March 1, 2022 Author Report Share Posted March 1, 2022 The Central Bank of Iraq withdraws the license of a financial mediation company for violating instructions February 28, 2022 - 3:48 PM On Monday, the Central Bank of Iraq announced the withdrawal of insurances and the licensing of a company brokering the sale and purchase of foreign currencies for violating the instructions. And the bank said in a statement received, that “in view of the violation of the company (Al Hatim) to mediate for the sale and purchase of foreign currencies with the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company’s license.” He added, "It was also decided to confiscate the security deposited with the Central Bank, amounting to 50 million dinars," calling on the Ministry of Commerce to "cancel the certificate of incorporation granted to the company, in addition to writing off the company's name from the records and providing the Central Bank with the certified liquidation letter." The Central Bank of Iraq was established as an independent body under its law issued on March 6, 2004, after it had been linked to the Ministry of Finance before this date. It is responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks, and 16 Islamic banks. In addition to 19 foreign banks, as well as 6 financial institutions and 31 money transfer companies. 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted March 3, 2022 Author Report Share Posted March 3, 2022 Clarification From The Central Bank Regarding The Exchange Of The Dollar And Money Laundering 03/03/2022 25 Earth News/ The Central Bank of Iraq issued a clarification on the dollar exchange rate and money laundering. And the bank confirmed, in response to a previous parliamentary question, seen by "Earth News", that "the Iraqi judiciary has taken the necessary measures regarding some forged invoices, which date back to previous dates." He added, "The exchange rate change came to remedy the gap between the real value of the national currency and its nominal value." 1 1 Quote Link to comment Share on other sites More sharing options...
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