Abadi's new salary schedule $8M dinar (down from $77M dinar)

[bigwave]

(IraqiNews.com) Baghdad – MP for the National Alliance Samira al-Moussawi revealed on Tuesday the rate of the salaries of the President of the Republic Fuad Masum and Prime Minister Haider al-Abadi according to the new salary schedule.

Musawi said in an interview for the program “From 10 to 11” aired on “Alsumaria TV,” “The salaries  of heads of the presidencies and their deputies, as well as  their staff were a problem for the expenses of the state,” indicating that “social justice required the reduction of these salaries.”

Musawi added that “the new salary schedule has reduced the salary of the President of the Republic from 77 million to eight million dinars,” pointing out to “the reduction of the salary of Prime Minister to less than eight million.”

[ComPLX]

Over 89% reduction in salary. Could mean nothing, but I can't help to ponder why.

[davis411]

could mean nothing??????

really i hate to say a politician does not work for nothing, and or reduce salary.

They actually take pay hikes or at least here in Canada

 

there is something a foot

 

davis

[fishing]

well 1 to 1 = 8 millions dollars ( USD)

[SnowGlobe7]

“the new salary schedule has reduced the salary of the President of the Republic from 77 million to eight million dinars,” pointing out to “the reduction of the salary of Prime Minister to less than eight million.”

That is to huge of a cut to be nothing IMO

[Officiallytook]

2.65 - 1

3 - 1

8mil-4+ would look as if he cut the deficit in half

Edited October 26, 2015 by Officiallytook

[fishing]

SG7 I agree with you, seem like something might be going on here. Just maybe!

[ComPLX]

could mean nothing??????

really i hate to say a politician does not work for nothing, and or reduce salary.

They actually take pay hikes or at least here in Canada

 

there is something a foot

 

davis

I see your point and I feel the same way. However when the HCL and investment law are done, that's when I'll have my 'iiiiiii knew it' moment. Until then, this is very interesting

[MANNY99]

Is that monthly or per year?

[TQueezy]

Is that monthly or yearly, because… yearly that makes no sense. Unless they change the value and exchange rate of their currency.

[Boozer]

That's about $4,800 a month ,

[ixic]

An RV @ .10 cents, and he won't really be taking a pay reduction!

[SnowGlobe7]

VERY INTERESTING!!!!

[chris2028]

That's about $4,800 a month ,

If that is about $4800 per month then it lines up rather closely to the salaries of some officials in countries like Kuwait. I've always used their salaries as a reference point when reading these articles. I agree with everyone else on here, that something is certainly going on. That is a BIG reduction. Lets see how things pan out from here.

[YukonJohn]

Is that a rate that was established during the Malekee office? Part of the corruption scenario? Now Abadi is putting in back to a reasonable salary. Me thinks...

[sandfly]

GOOD ONE BIG

[Nuki]

An RV @ .10 cents, and he won't really be taking a pay reduction!

That's exactly what I was thinking. It would be a dramatic pay raise but not out of line for a country that rich.

[Laid Back]

8 millions dinar / 1166 = $ 6,861 a month

With an increase. Of the exchange rate

8 millions with an increase of $.10 = $ 800,000

8 millions with an increase of $1 = $ 8,000.000

$ 800,000 / 12 = $ 66,666 a month

$ 8,000.000 / 12 = $ 666,666 a month

If they LOP

8 millions after lop = 8,000 dinars

If they LOP and then increase the exchange rate to $1 or $3

8,000 dinars X $1 = $ 8.000

8,000 dinars X $3 = $24,000

Go Iraq

Go Abadi

Go reforms

Go HCL

Go CBI

Go dinar

Go increase exchange rate

Go $1:1

[Freedomwish]

8 millions dinar / 1166 = $ 6,861 a month

With an increase. Of the exchange rate

8 millions with an increase of $.10 = $ 800,000

8 millions with an increase of $1 = $ 8,000.000

$ 800,000 / 12 = $ 66,666 a month

$ 8,000.000 / 12 = $ 666,666 a month

If they LOP

8 millions after lop = 8,000 dinars

If they LOP and then increase the exchange rate to $1 or $3

8,000 dinars X $1 = $ 8.000

8,000 dinars X $3 = $24,000

Go Iraq

Go Abadi

Go reforms

Go HCL

Go CBI

Go dinar

Go increase exchange rate

Go $1:1

 

If that's how you see it, I'm good with it! 

[Laid Back]

Old salary

77 million dinar / 1166 = $ 66,037

New Salary

8 million dinar / 1166 = $ 6,861 NO enough for a President.!!

Is coming ..Go Increase Exchange rate.!!!

Go Go Go Go Go >>>>>

[chris2028]

Old salary

77 million dinar / 1166 = $ 66,037

New Salary

8 million dinar / 1166 = $ 6,861 NO enough for a President.!!

Is coming ..Go Increase Exchange rate.!!!

Go Go Go Go Go >>>>>

Thanks LB for that break down. I am glad you weighed in with that info. Iraq continues to give us clues on what they are doing and they put it in plain site. I think we keep trying to find the over the top answer but when they say they are going to reduce salaries etc to a certain amount and then the math gets broken down as such it is plain to see that they are certainly on the cusps of increasing that exchange rate. Thanks again. 

[djiboutikid]

Let me see, if my math serves me correctly, 77/8= 9.6, or about 10%. I think Adam's forecast of .10 would bring him back up to the level he was at post RV. I would rather it was 50 out the gate, but .10 would get me ahead

[NeedRv]

8 millions dinar / 1166 = $ 6,861 a month

With an increase. Of the exchange rate

8 millions with an increase of $.10 = $ 800,000

8 millions with an increase of $1 = $ 8,000.000

$ 800,000 / 12 = $ 66,666 a month

$ 8,000.000 / 12 = $ 666,666 a month

If they LOP

8 millions after lop = 8,000 dinars

If they LOP and then increase the exchange rate to $1 or $3

8,000 dinars X $1 = $ 8.000

8,000 dinars X $3 = $24,000

Go Iraq

Go Abadi

Go reforms

Go HCL

Go CBI

Go dinar

Go increase exchange rate

Go $1:1

I dig your math Laid back..... 

GO 1:1 ....... GO RV!!! ASAP!!! 

[KDuesing]

When does this start?

[djiboutikid]

When does this start?

I was wondering that myself, doesn't look like the story defines that part.