Parliamentary Finance Committee: Iraq’s reserves secure salaries for 10 months and the financial situation is stable.
The Parliamentary Finance Committee announced on Tuesday that Iraq’s reserves of 109 trillion dinars are sufficient to cover salaries for 10 months, and indicated that employee salaries are fully secured. Committee member Mansour al-Baiji told the official news agency, as reported by Al-Maalomah News Agency, that “the committee met yesterday with Prime Minister Ali al-Zubaidi, Finance Minister Falih al-Sari, and Central Bank Governor Nizar Nasser Hussein,” adding that “the financial situation is good and reassuring.”
He further stated that “the Central Bank Governor confirmed during the meeting the existence of 109 trillion dinar reserves in the treasury, which is sufficient for approximately 10 months’ salaries, in addition to gold reserves and revenues,” noting that “salaries are fully secured.” He continued, “There are understandings between the Finance Committee, the Finance Minister, and the Central Bank Governor to develop solutions to overcome the financial crisis.” Iraqpolitical news
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