The issue of delayed salaries in Iraq is not new. What is noteworthy is that Baghdad has ceased to excuse these delays and has begun to provide explanations, complete with numerical data. The government has acknowledged a liquidity crisis and announced that salary payments will be postponed. The total monthly salary expenditure amounts to 10.8 trillion dinars, while domestic revenue ranges from 2.5 to 3.5 trillion dinars. Meanwhile, the Central Bank of Iraq holds reserves of $93.7 billion, backed by a growing gold reserve. A nation with such wealth should not have to claim financial hardship; it is making a choice to do so. The Prime Minister’s financial advisor has informed the media that all salaries are fully guaranteed. Iraq has communicated this same narrative to its citizens on two previous occasions, both of which affected the official exchange rate. The current crisis being reported is a preparation phase rather than an immediate emergency. Baghdad is preparing its citizens for the eventual shift in Iraq’s currency.
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
