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From the CBI today/To / banks authorized to exercise all banking
To / banks authorized to exercise all banking - Financial companies approved the conversion of all (sale and purchase of foreign currency Regulation (26/3/9) for the year 2015) The adoption of the model
http://www.cbi.iq/documents/Announcemen15-3-2015.pdf
------------------------------------------------------------------------------------------
> No.
> 26/3/9 2015
>
>
> A. The
> Central Bank of Iraq to strengthen banks balances wishing
> remarks when
> correspondents abroad to finance legally permitted banking
> operations are
> described in detail in the attached list, according to the
> appropriate
> indicators to ensure the stability of the exchange rate and
> trade finance and
> other operations.
>
>
> B – the
> banks
> wishing to strengthen their balances dollar deposit the
> equivalent in Iraqi
> dinars in their accounts of the type 216 before fifteen days
> from the date of
> submission to ensure coverage amounts equal to their
> requests, that at least
> the amount required for a certain extent decided by the
> central bank.
>
>
> C – the
> bank
> submit a written application to the Directorate General
> Investments which
> enhance the tally required to have correspondents in
> overseas facilities with a
> copy of the entry to strengthen the balance of his account
> in Iraqi dinars from
> type 216, equivalent to the amount to be converted, to be
> submitted with the
> request and subsequent reinforcement disclosure shows the
> details of the
> amounts used, which was converted to its
> customers.
>
>
> D – the
> bank
> applies the principle of know-your-customer for the purpose
> of legal and
> banking safety procedures for a buyer to ensure Agencies and
> sales of foreign
> Various applications currency, and the Monitor compliance
> department of
> internal control and the unity of money laundering at the
> bank to play its role
> in this area and to report any suspicious transaction
> by.
>
>
> E – The
> Bank
> maintains its accounts with correspondents disclose it shows
> the movement of
> the account and uses of funds transferred by the central
> bank.
>
>
> F – the
> bank
> statements sent details of the amounts transferred in
> foreign currency by the
> Central Bank of Iraq
> and their use to the Directorate General of banking and
> credit control.
>
>
> G – be
> selling the dollar to strengthen the balance abroad for the
> purposes of all of
> (1187) dinars (one thousand one hundred and eighty-seven
> dinars) per dollar,
> while cash sales price shall be (1190) dinars (one thousand
> one hundred and
> ninety of dinars) per dollar.
>
>
> H – Work
> continues Ptalimatna Alopecia cash sale through the
> Department of buying and
> selling foreign currency window, and is not required to
> provide lists of the
> names of the dollar cash buyer, and reserves the vendors
> (banks and companies)
> disclosures detailed the names of buyers and documents
> enhanced it and
> regulated by the Central Bank of the
> field.
>
>
> I – The
> General Directorate of banking and credit control banks
> follow up the
> implementation of the instructions, and if there are any
> irregularities exposed
> the bank to the sanctions set forth in applicable laws and
> regulations.
>
>
> J – the
> central
> bank and the banks develop a plan to build capacity and
> create possibilities
> for expansion in the letters of credit in the banking
> practice of foreign trade.
>
>
> K – all
> previous instructions that are inconsistent with these
> instructions are
> canceled.
>
>
> These
> regulations implemented from the date of 02/22/2015.
To / banks authorized to exercise all banking - Financial companies approved the conversion of all (sale and purchase of foreign currency Regulation (26/3/9) for the year 2015) The adoption of the model
http://www.cbi.iq/documents/Announcemen15-3-2015.pdf
------------------------------------------------------------------------------------------
> No.
> 26/3/9 2015
>
>
> A. The
> Central Bank of Iraq to strengthen banks balances wishing
> remarks when
> correspondents abroad to finance legally permitted banking
> operations are
> described in detail in the attached list, according to the
> appropriate
> indicators to ensure the stability of the exchange rate and
> trade finance and
> other operations.
>
>
> B – the
> banks
> wishing to strengthen their balances dollar deposit the
> equivalent in Iraqi
> dinars in their accounts of the type 216 before fifteen days
> from the date of
> submission to ensure coverage amounts equal to their
> requests, that at least
> the amount required for a certain extent decided by the
> central bank.
>
>
> C – the
> bank
> submit a written application to the Directorate General
> Investments which
> enhance the tally required to have correspondents in
> overseas facilities with a
> copy of the entry to strengthen the balance of his account
> in Iraqi dinars from
> type 216, equivalent to the amount to be converted, to be
> submitted with the
> request and subsequent reinforcement disclosure shows the
> details of the
> amounts used, which was converted to its
> customers.
>
>
> D – the
> bank
> applies the principle of know-your-customer for the purpose
> of legal and
> banking safety procedures for a buyer to ensure Agencies and
> sales of foreign
> Various applications currency, and the Monitor compliance
> department of
> internal control and the unity of money laundering at the
> bank to play its role
> in this area and to report any suspicious transaction
> by.
>
>
> E – The
> Bank
> maintains its accounts with correspondents disclose it shows
> the movement of
> the account and uses of funds transferred by the central
> bank.
>
>
> F – the
> bank
> statements sent details of the amounts transferred in
> foreign currency by the
> Central Bank of Iraq
> and their use to the Directorate General of banking and
> credit control.
>
>
> G – be
> selling the dollar to strengthen the balance abroad for the
> purposes of all of
> (1187) dinars (one thousand one hundred and eighty-seven
> dinars) per dollar,
> while cash sales price shall be (1190) dinars (one thousand
> one hundred and
> ninety of dinars) per dollar.
>
>
> H – Work
> continues Ptalimatna Alopecia cash sale through the
> Department of buying and
> selling foreign currency window, and is not required to
> provide lists of the
> names of the dollar cash buyer, and reserves the vendors
> (banks and companies)
> disclosures detailed the names of buyers and documents
> enhanced it and
> regulated by the Central Bank of the
> field.
>
>
> I – The
> General Directorate of banking and credit control banks
> follow up the
> implementation of the instructions, and if there are any
> irregularities exposed
> the bank to the sanctions set forth in applicable laws and
> regulations.
>
>
> J – the
> central
> bank and the banks develop a plan to build capacity and
> create possibilities
> for expansion in the letters of credit in the banking
> practice of foreign trade.
>
>
> K – all
> previous instructions that are inconsistent with these
> instructions are
> canceled.
>
>
> These
> regulations implemented from the date of 02/22/2015.
