The central bank announces financial assistance with 3-month salary insurance and talks about the date for the June wage payment


Localities 02/07/2020 09:02 5344 Editor: ha    

Baghdad today – Baghdad

On Thursday (02 July 2020), the Central Bank of Iraq announced that it would assist the Ministry of Finance 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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