A breakthrough in the employee salaries file … Source: Finance directed to distribute it starting next week

Economie 7/20/2020 15:55 1222 Editor: ha    

Baghdad today – Baghdad

An informed source said, on Thursday (2 July 2020), that the June salaries of employees will be paid early next week.

The source said, in an interview with (Baghdad today), that “the payment of employees’ salaries for the past month will start at the beginning of next week, after a directive from the Ministry of Finance.”

He added, “The Ministry of Finance instructed banks to distribute salaries to state employees starting from the beginning of next week,” noting that “the process of distributing salaries to ministries will be progressive until they are completed by the end of next week.”

The source pointed out that “the central bank agreed with the finance and banks to launch discount bonds to provide salaries for three months.”

Earlier, the Central Bank of Iraq announced, on Thursday (02 July 2020), the Ministry of Finance’s assistance in securing three-month salaries, while talking about the date for the disbursement of the salary of last June.

“A directive issued by re-dividing bonds in favor of the Ministry of Finance by about 8 trillion dinars,” said Ihsan Shamran, Director General of Accounting at the Central Bank, in a statement carried by the official news agency.

He added, “These bonds will enable the Ministry of Finance to secure employee salaries for the months of July and August,” noting that “the central bank has made it easy for the Ministry of Finance to process the debt repayment for a period of 10 years.”

Shamran indicated that “the Ministry of Finance can receive money from banks,” noting that “the payment of employees’ salaries is likely at the beginning of next week.”

The Director General of Accounting stressed that “the central bank has a major role in facing the current financial crisis that Iraq is going through.”



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