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Advisor to the infallible: the bank will launch a billion dollars a month to secure the salaries of

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rocky
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Advisor to the infallible: the bank will launch a billion dollars a month to secure the salaries of

Post by rocky on Wed 09 Mar 2016, 11:23 am

Advisor to the infallible: the bank will launch a billion dollars a month to secure the salaries of state employees

Economy since 03.09.2016 at 16:40 (Baghdad time)
 
Special - balances News
Economic Adviser to the President of the Republic Khalifa al-Zubaidi announced on Wednesday that the central bank will begin regardless billion dollars from the bank to the government reserves starting next month to secure the salaries of state employees.
The government revealed, earlier announced their intention to launch bonds worth two billion dollars during the coming period and the benefits of rewarding.
Zubaidi said L / balance News / "The Iraqi Central Bank reserves at present amounts to about $ 58 billion."

He added that "between the government and the central bank was agreed to exchange the bank about one billion dollars a month from the reserve as early as next month to provide salaries for state employees."

Zubaidi said, "The government will use oil revenues after it saw a slight increase in recent financial bonds to be launched by the bank for the conduct of the affairs of state and displaced persons and the expenses of the war on terror Daash."
This confirmed al-Zubaidi's / balances News /, earlier, the government's inability to secure the employees' salaries without international loans and hypotheses of the central bank, noting that the loans will provide salaries for six months, ".anthy 29
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