JUNE 2, 2020
Member of Parliamentary Finance Committee MP Jamal Cougar revealed on Tuesday the possibility of withdrawing $ 11 billion from the Central Bank of Iraq reserves to cover salaries.
Cougar said: "The global rating agency ranked the Central Bank of Iraq reserves from medium to good."
And he added, "The agency pointed to the state's ability to withdraw more than $ 11 billion of its financial reserves without affecting the exchange rate of the national currency."
Cougar added, "The financial reserve and borrowing from banks can secure the salaries of Iraqi state employees, and we pass this year without deductions or compulsory savings for salaries."
tasrebat.com
