Financial expert and Central Bank board member Ahmed Barihi has reassured Iraqis that salaries for employees and retirees are secure.
He said concerns about the government being unable to pay salaries or social benefits are not true. According to him, Iraq has strong financial reserves that can cover these obligations.
Barihi explained that the current issues with oil exports are temporary and won’t affect the government’s ability to meet its financial commitments.
He also noted that the government has enough liquidity to pay salaries when needed. In addition, Iraq holds funds at the US Federal Reserve that can be used to cover expenses and settle payments.
On the local level, he said market conditions are expected to remain stable despite recent fluctuations.
In simple terms, Barihi’s message is clear: Iraq has the financial strength to handle the current situation and keep paying salaries without disruption.
