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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Finance clarifies the use of salaries for investment purposes

    Rocky
    Rocky
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    Finance clarifies the use of salaries for investment purposes Empty Finance clarifies the use of salaries for investment purposes

    Post by Rocky Tue Mar 05, 2024 6:57 am

    POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]Finance clarifies the use of salaries for investment purposes[/size]

    [size=45]Yesterday, Monday, the Federal Ministry of Finance issued a clarification regarding the exploitation of salaries of employees and retirees for investment purposes and depositing them in private banks.[/size]
    [size=45]The Ministry stated in a statement that it had followed with great interest the conversations and information that were circulated through some media outlets and social media platforms alleging “exploiting employees’ salaries and pension contributions for investment purposes and depositing them in private banks.”[/size]
    [size=45]It indicated that it adopts specific dates when financing salaries according to the electronic payment mechanism through the payments system (RTGS), which is managed by the Central Bank of Iraq and specializes in the salaries of state employees and the social protection network, and deposits them in the bank accounts of the spending units in the ministries, governorates, and unrelated entities that are open in banks. Government (exclusively), to ensure the smooth flow of funding salaries within hours not exceeding the end of the official working day of the funding day.”[/size]
    [size=45]With regard to retirement salaries, the Ministry of Finance confirmed its adoption of the beginning of each month as a basis for funding without delay and feeding the bank accounts of the National Retirement Authority, through the electronic payment system instead of paper payment, as these procedures come in implementation of the terms of the government program and the directives of the Prime Minister and the Minister of Finance in this regard.[/size]
    [size=45]The Ministry called on all media professionals and interested parties “not to promote and circulate information and engage in conversations that would confuse public opinion without referring to the official and approved sources of the Ministry to clarify and state the facts.”[/size]
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