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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies

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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Empty Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies

Post by claud39 on Thu Nov 21, 2019 7:39 am

Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies




November 21, 2019





Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies News-1574323886506








Based on the decision of the Board of Directors of this bank No. (150) for the year 2019 and in view of the violation of the company (splendor of spring to mediate the sale and purchase of foreign currencies) Law of the Central Bank of Iraq No. (56) for the year 2004 and the fight against money laundering and terrorist financing No. (39) for the year 2015 and controls Organizing the work of brokerage firms selling and buying foreign currencies No. (1) for the year 2018. It was decided to withdraw the license of the above company and confiscate the deposits deposited with this bank amounting to (50,000,000) dinars (fifty million dinars) in his favor and cancel the certificate of incorporation granted to it.






https://cbi.iq/news/view/1344
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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Empty Withdrawal of Ocean Company's license to broker the sale and purchase of foreign currencies

Post by claud39 on Thu Nov 21, 2019 7:41 am

Withdrawal of Ocean Company's license to broker the sale and purchase of foreign currencies




November 21, 2019





Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies News-157432451339366







According to the decision of the Board of Directors of this bank No. (148) for the year 2019 and in view of the violation of the (Ocean to mediate the sale and purchase of foreign currencies) Law of the Central Bank of Iraq No. (56) for the year 2004 and the fight against money laundering and terrorist financing No. (39) for the year 2015 and regulations The work of the brokerage companies to buy and sell foreign currencies No. (1) for the year 2018. It was decided to withdraw the license of the above company and the confiscation of the letter of guarantee issued by the South Islamic Bank for Investment and Finance amounting to (50,000,000) dinars (fifty million dinars) in favor of this bank and the cancellation of the certificate of incorporation granted to her.





https://cbi.iq/news/view/1345
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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Empty Withdrawal of Ibtikar Company's license to broker the sale and purchase of foreign currencies

Post by claud39 on Thu Nov 21, 2019 7:42 am

Withdrawal of Ibtikar Company's license to broker the sale and purchase of foreign currencies




November 21, 2019







Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies News-157432919961729







Based on the decision of the Board of Directors of this bank No. (147) for the year 2019 and in view of the violation of the company (innovation to mediate the sale and purchase of foreign currencies) Laws of the Central Bank of Iraq No. (56) for the year 2004 and the fight against money laundering and the financing of terrorism No. (39) for the year 2015 and regulations governing the work Brokerage companies selling and buying foreign currencies No. (1) for the year 2018. It was decided to withdraw the license of the above company and the confiscation of the letter of guarantee issued by the Islamic Bank of Elaf (JD 50,000,000) (fifty million dinars) in favor of this bank and the cancellation of the certificate of incorporation granted to it.





https://cbi.iq/news/view/1346
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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Empty Parliament finishes the first reading of the proposal of the third amendment to the law of the Central Bank

Post by claud39 on Thu Nov 21, 2019 7:55 am

[size=36]Parliament finishes the first reading of the proposal of the third amendment to the law of the Central Bank[/size]




 13/11/2019








Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies 1413112019_666







Special - Mawazine News
The House of Representatives, on Wednesday, the first reading of the proposal of the third amendment to the law of the Central Bank.
A parliamentary source, told / Mawazine News, that "the House of Representatives, finished the first reading of the proposed amendment to the law of the third amendment to the Central Bank of Iraq issued by order No. (56) for the year 2004 from the Coalition Provisional Authority (dissolved)."
On Wednesday afternoon, the Council of Representatives held its fourteenth session of the fourth parliamentary session, the second legislative year, the first legislative term, under the chairmanship of its speaker, Mohamed Halbousi.






https://www.mawazin.net/Details.aspx?jimare=72441
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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Empty Re: Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies

Post by claud39 on Thu Nov 21, 2019 8:25 am

COALITION PROVISIONAL AUTHORITY ORDER NUMBER 56 CENTRAL BANKS ACT Pursuant to my powers as a director of the Coalition Provisional Authority (CPA) and under the laws and usages of war, and in accordance with the relevant resolutions of the United Nations Security Council, including resolution 1483 (2003), Having worked closely with the Governing Council to ensure that economic change occurs in a manner acceptable to the people of Iraq, Recognizing the will of the Board of Directors to make significant changes to the Iraqi economic system, determined to stabilize domestic prices and to favor a favorable economic climate and the establishment of a stable and competitive market economy,

Recognizing the problems arising from the former governance policies of the Central Bank of Iraq, Recognizing further the obligation of the CPA to ensure the effective administration of Iraq, to ​​ensure the well-being of the Iraqi people and to allow the social functions and normal transactions of everyday life, Recalling that the United Nations Security Council Resolution 1483 (2003) asked the CPA to promote economic reconstruction and conditions for sustainable development,

Acting in a manner consistent with the report of the Secretary-General to the Security Council of 17 July 2003 on the need to develop Iraq and transition from a non-transparent planned economy to a market economy characterized by economic growth Sustainable development Through the establishment of a vibrant private sector and the need to enact institutional and legal reforms to achieve it, after coordination with international financial institutions, as stated in paragraph 8 (e) of Security Council Resolution 1483. United Nations, I hereby promulgate the following: Section 1 Purpose

This Order establishes a safe, sound and independent central bank to achieve and maintain domestic price stability, foster and maintain a stable and competitive financial system, and promote sustainable growth, employment and prosperity in Iraq . Section 2 of the Central Bank Act The Central Bank of Iraq Act attached to this Order in Schedule A has the force of law. Section 3 General Provisions "Appointing Authority" means the Administrator, in consultation with the Board of Governors, during the period prior to the transfer of the full governmental authority to the Iraqi Transitional Administration and the recognition of the sovereignty of this administration by the CPA.

The measures to be taken by "on the recommendation of the Appointing Authority (CPN) and confirmation by the legislator" under the Iraqi Central Bank Law set out in Annex A are undertaken on the recommendation of the Governing Council and confirmation by the Administrator during the previous period. the transfer of full governmental authority to the Iraqi transitional administration and the recognition of the sovereignty of this administration by the CPA. Similarly, during this period, actions that require appointment by the Appointing Authority and confirmation by the Legislative Assembly are undertaken in the form of an appointment by the Board of Governors and confirmation by the Board of Governors. the administrator.

Decisions that the legislator alone must make are made by the Board of Governors with the approval of the Administrator during the period preceding the transfer of full governmental authority to the Iraqi Transitional Administration and recognition of sovereignty of this administration by the CPA. . Section 4 Appointments The Governing Council shall transmit the applications to the Governor, the Deputy Governors and other members of the Central Bank Board to the Administrator for approval within one month of the signing of this Order. If the Board of Governors does not send this list of nominees to the director within this period, the director shall appoint and appoint CPA / ORD / 1 March 2004/56


ANNEX TO THE CENTRAL BANKS OF IRAQ ACT 2004

Article 4 Functions 1. The objectives of the IWC to achieve the objectives set out in Article 3 and described in more detail in this Law are: a. formulate and implement monetary policy, including exchange rate policy, for Iraq in accordance with section 6; b. hold and manage all official foreign exchange reserves of Iraq, other than government working capital, in accordance with Article 27; vs. hold gold and manage the state's gold reserves; re. providing services as an adviser and financial agent to the government in accordance with section 4; e. provide liquidity services to banks in accordance with Articles 28 and 30; F. issuing and managing the Iraqi currency in accordance with section 7;

boy Wut. compile and publish data on the banking and financial system and the economy in accordance with Article 41;
h. establish, supervise and promote sound and efficient payment systems in accordance with Article 39;
I. issue licenses or permits to banks and regulate and supervise banks, as specified in this Act and in the Banking Act; j. open and maintain accounts in the books of foreign central banks and international financial organizations; k. to open and maintain accounts for foreign central banks, foreign governments and international organizations on its own books;

Article 27 Management of Official Foreign Exchange Reserves The CBI conducts transactions in foreign assets and manages all official foreign exchange reserves of the State in accordance with international best practices and monetary policy objectives. The Board may invest such reserves in any or all of the following assets: a. monetary gold held in the cellars of the CBI; b. foreign currency banknotes and coins normally used for making international payments held by or on behalf of the IWC;



vs. credit balances payable on demand or in the short term in foreign currencies normally used for making international payments and maintained in IWC accounts, or otherwise invested under repurchase agreements, with foreign central banks, international financial organizations or major international bank groups designated by the board of directors; re. special drawing rights held in Iraq's account at the International Monetary Fund; e. Iraq's reserve position in the International Monetary Fund; a


F. any readily negotiable debt securities issued by, or in the full form of, foreign governments, central banks or international financial institutions, which are paid in foreign currencies normally used for making international payments and which are held by or on behalf of third parties. the IWC account.


SECTION 7-CURRENCY

Article 31 Monetary unit The national currency unit in Iraq is the dinar.

Article 32 Issuance of currency 1. The CBI shall have the exclusive right to issue banknotes and coins for circulation in Iraq. Tickets issued under this article constitute a first charge on the assets of the IWC. The CBI arranges for its banknotes and coins to be issued in accordance with the traffic conditions in Iraq. Banknotes and coins issued by the IWC and intended for circulation in Iraq are not promissory notes, bills of exchange or any other type of commercial document within the meaning of applicable commercial law, and the IWC is bound to honor them only under the conditions provided for by this law. . 2 Only banknotes and coins issued by the CBI that have not been demonetized are legal tender in Iraq.
 

3 The CBI may, by regulation, limit the amount of notes and coins that must be accepted as legal tender money to the payment of an obligation and limit the par value of the notes and coins for which the payment may be made .

 4 The IWC is responsible for the supply of Iraqi banknotes and coins and strives to maintain the availability of sufficient banknotes and coins in all regions at all times. Article 33 Printing banknotes and coinage; accounting treatment of issued currency 1 The CBI determines by regulation the values, measures, forms, materials, contents, weights, designs and other characteristics of notes and coins.


   The plates needed to print or strike currency and intellectual property rights on the currency drawings are the property of the IWC. 

2 The CBI arranges for ticket printing and coin strikes, as well as for the security and preservation of notes and coins that have not yet been issued. 

3 The IWC is solely responsible for the safe destruction of banknotes and coins, as well as for the safe keeping and destruction, if any, of plates, dice and coins and coins removed. The CBI will have the exclusive right to melt coins and sell the resulting metals.

 
4 At the request of any natural or legal person, the CBI will exchange, free of charge or in commission, banknotes and coins against other banknotes or coins of an equivalent amount. 5 The total amount of bank notes and coins outstanding issued by the CBI must be recorded in the financial statements of the CBI as a liability; this responsibility does not include banknotes and coins in the reserve inventory.

 
Article 34 Withdrawal of banknotes and coins
unfit for circulation 1 Banknotes and coins in circulation in circulation and unfit for circulation shall cease to be legal tender. Subject to paragraph (2) of this Article, the IWC shall withdraw, destroy and replace by banknotes or coins of an equivalent amount any banknotes or coins presented to it that are unfit for circulation. .

2 The CBI may refuse to replace a banknote or an unsuitable coin if its reasons are illegible, distorted or perforated, or if more than fifty per cent of its surface has been lost; such a note or coin shall be removed and destroyed without compensation to the owner, unless satisfactory evidence to the IWC that the missing parts have been totally destroyed, in which case the IWC may, in its sole and absolute discretion, award compensation: entire or in part.

3 The CBI is not obliged to provide any compensation for banknotes or coins lost, stolen or destroyed; he may confiscate without compensation any banknotes the appearance of which has been altered, including, in particular, banknotes on which writings have been written, painted, overprinted, stamped or perforated, or on which adhesives have been applied .

Article 34 Withdrawal of unsuitable notes and coins
Anyone who receives counterfeit banknotes or coins will send all counterfeit banknotes or coins to IWC.

Article 35 Disposal of Counterfeit Coins
Anyone who receives counterfeit banknotes or coins will send all counterfeit banknotes or coins to IWC.


Article 36 Redemption of currency

1 The CBI may decide to redeem banknotes or coins by issuing free of charge other banknotes or coins of an equivalent amount. The decision to redeem banknotes or coins is issued in the form of a CBI regulation specifying the period during which the exchange is to take place as well as the places and times of presentation of banknotes or coins. currency withdrawn.

2 At the end of the trading period or at any other time specified by the CBI, the redeemed notes and coins are demonetized and cease to be legal tender.

3 The CBI will notify the public, by publication in the Official Journal, of legal euro banknotes and coins.


ETC....



http://www.dinardaily.net/t89446-parliament-finishes-first-reading-of-a-proposal-concerning-the-central-bank
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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Empty Central withdraws the brokerage firm's license to buy and sell currencies

Post by claud39 on Thu Nov 21, 2019 1:30 pm

[size=35]Central withdraws the brokerage firm's license to buy and sell currencies[/size]


2019-11-21



[size=35]Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Doc-P-325638-637099306837664706
[/size]


The Central Bank of Iraq, Thursday, on the withdrawal of a brokerage firm to sell and buy foreign currency for violating instructions.


The bank said in a statement received by Alsumaria News that "in view of the violation of the innovation company to mediate the sale and purchase of foreign currencies to the provisions of the regulations governing the work of mediation and anti-money laundering and financing of terrorism, it was decided to withdraw the license to establish the company."





 
The bank added that it had decided to withdraw the company's license and confiscate the letter of guarantee issued by the Islamic Bank of Elaf, which amounts to 50 million dinars, in favor of the bank.
 
The Central Bank of Iraq was established as an independent bank under its law issued on the sixth of March 2004, as an independent body, and is responsible for maintaining price stability and the implementation of monetary policy, and 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 financial transfer companies.


https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/325638/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B3%D8%AD%D8%A8-%D8%A7%D8%AC%D8%A7%D8%B2%D8%A9-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D9%88%D8%B3%D8%B7-%D9%84%D8%A8%D9%8A%D8%B9-%D9%88%D8%B4%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA
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Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Empty Central withdraws two companies leave my brokerage buying and selling currencies

Post by claud39 on Thu Nov 21, 2019 1:32 pm

[size=35]Central withdraws two companies leave my brokerage buying and selling currencies[/size]


2019-11-21 



[size=35]Withdrawal of the splendor of the spring company to broker the sale and purchase of foreign currencies Doc-P-325628-637099259891802894
[/size]




The Central Bank of Iraq, on Thursday, on the withdrawal of two companies brokerage license to sell and buy foreign currency for violating instructions.


"In view of the violation of the splendor of the spring and the ocean companies to mediate the sale and purchase of foreign currencies to the provisions of the regulations governing the work of mediation companies and combating money laundering and financing of terrorism, it was decided to withdraw the license of the establishment of the two companies," the bank said in a statement.





 
"It was also decided to confiscate the letter of guarantee of the Ocean Company issued by the South Islamic Bank for Investment and Finance, which amounted to 50 million dinars in favor of the bank, as well as the confiscation of insurance deposits deposited with this bank, which amounted to 50 million dinars in his favor," it said.
 
The bank demanded "the Ministry of Commerce to cancel the founding certificate granted to them by him, in addition to delisting their name from its records and provide the Central Bank with a letter of liquidation certified."

 
The Central Bank of Iraq was established as an independent bank under its law issued on the sixth of March 2004, as an independent body, and is responsible for maintaining price stability and the implementation of monetary policy, and 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 financial transfer companies.


https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/325628/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B3%D8%AD%D8%A8-%D8%A7%D8%AC%D8%A7%D8%B2%D8%AA%D9%8A-%D8%B4%D8%B1%D9%83%D8%AA%D9%8A-%D8%AA%D9%88%D8%B3%D8%B7-%D8%A8%D9%8A%D8%B9-%D9%88%D8%B4%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA
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