There is a significant shortage of currency. They attribute this to a decline in oil revenues due to the ongoing war… Iraq seems to communicate inconsistently… It is essential to consider this situation from multiple perspectives… What potential events could occur when a rate change is imminent? …From January to June, they repeatedly informed us, ‘We will eventually need to revise the salary pay scales.’ What triggers this? …A change in the rate may necessitate an adjustment in salary pay scales… Could it be that salaries are not being disbursed because they need to revise the pay scale? …New currency denominations affect both the budget and salary pay scales… All of these factors may indicate that a rate change is forthcoming. These are aspects that Iraq cannot disclose. Iraq had no issues with salary payments during the first half of the year, but as we enter the second half, it suddenly becomes a significant challenge, which could signal the start of a new budget period.
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