Central Bank: We expect to pay the salaries of employees by this date

[yota691]

Central Bank: We expect to pay the salaries of employees by this date

Economie

2020-07-02 | 02:07

 

45,270 views

On Thursday, the central bank announced the details of its contribution to facing the financial crisis, while it expected to pay the salaries of employees early next week.

Ihsan Shamran, general manager of accounting at the bank, told the official agency that "the central bank has a big role in facing the current financial crisis, stressing the re-deduction of bonds in favor of Ministry of Finance By about 8 trillion dinars. "

 

 

He added, "These bonds will enable the ministry to secure employee salaries for the months of July and August," noting that "the bank is easy to Ministry of Finance The debt repayment process for 10 years.

 

He continued that "Ministry of Finance She held discussions with the Central Bank and some banks to re-deduct these bonds, "noting that" the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Rashid accounts and the retirement board. "

 

 

He pointed out, "Depositing 4 trillion and 300 billion dinars in the accounts of banks since last Wednesday," noting that "the finance can receive money from banks."

 

He suggested that "the salaries of employees be paid at the beginning of next week," noting that "the central bank stands with the government to support the public finances from any crisis that it may face."

 

Shamran expected, "the financial crisis will ease with the recovery of global oil prices," noting that "the state is working towards improving public financial resources through the activation of taxes and customs in addition to oil resources."

[yota691]

The central bank reveals the number of "insured salaries" months .. and sets the date for distribution

2020-07-02

Yassin Iraq: Baghdad

Ihsan Shamran, Director General of Accounting at the Central Bank, revealed today, Thursday, the re-deduction of bonds in favor of the Ministry of Finance, enabling the latter to secure the salaries of July and August.

Shamran said in a press statement monitored by "Yassin Iraq", that "the central bank has re-discounted bonds in favor of the Ministry of Finance by about 8 trillion dinars," noting that "the bonds will enable the Ministry of Finance to secure employee salaries for the months of July, August and September."

He continued, "The Ministry of Finance held talks with the central bank and some banks to re-discount these bonds," noting that "the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Al-Rasheed accounts and the retirement board."

And that "the central bank made it easy for the Ministry of Finance to process the debt repayment for a period of 10 years," noting that "the Ministry of Finance can receive money from banks."

And that "the payment of employees' salaries is likely at the beginning of next week," stressing that "there is a large role for the central bank in facing the current financial crisis."

[yota691]

A new development regarding the salaries of the next three months in Iraq

 

 

 02/20/2020 05:50:11

 

Shafaq News / The Central Bank of Iraq suggested, on Thursday, that the salaries of state employees be paid early next week, indicating a re-deduction of bonds to the Ministry of Finance to secure salaries for a period of three months.

Ihsan Shamran, Director General of Accounting at the Central Bank, said that “the central bank has a big role in facing the current financial crisis.

He added that "these bonds will enable the ministry to secure the salaries of employees for the months of July and August and September, pointing out that the bank made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years."

Shamran pointed out that "the Ministry of Finance held discussions with the central bank and some banks to re-deduct these bonds, noting that the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Rashid accounts and the retirement board." According to the Iraqi News Agency.

He pointed out, "Depositing 4 trillion and 300 billion dinars in bank accounts since last Wednesday, pointing out that the finance can receive money from banks, suggesting that" the salaries of employees be paid at the beginning of next week. "

And Shamran said that "the central bank stands with the government to support the public finances from any crisis that it may face, noting that the size of banks' cooperation is relatively limited except for Rafidain, Al-Rasheed and the Iraqi Bank for Trade.

He suggested, "the financial crisis will ease with the recovery of oil prices and the global economy," noting that "the state is working towards improving public financial resources through the activation of taxes and customs in addition to oil resources."

[yota691]

The Iraqi Central Bank offers a solution to secure government salaries for a period of 3 months

The Central Bank of Iraq

 July 02, 2020 12:13 PM

Direct: The Central Bank of Iraq announced the details of its contribution in the face of the financial crisis, and while confirming the re-deduction of bonds for the Ministry of Finance to secure salaries for a period of three months, it is likely to be disbursed at the beginning of next week.

The Director General of Accounting at the Central Bank, Ihsan Shamran, told the Iraqi News Agency "conscious", today, Thursday, that the central bank has a big role in facing the current financial crisis, stressing the re-deduction of bonds in favor of the Ministry of Finance by about 8 trillion dinars.

He added that these bonds will enable the ministry to secure employee salaries for the months of July, August and September, pointing out that the bank has made it easier for the Ministry of Finance to process the debt repayment for 10 years.

He pointed out that the Ministry of Finance held discussions with the Central Bank and some banks to re-deduct these bonds, noting that the bank met with the finance and banks and deducted these amounts and deposited them in the accounts of the Rafidain and Rashid and the retirement authority.

[yota691]

CENTRAL BANK: PAY THE SALARIES OF STATE EMPLOYEES EARLY NEXT WEEK

Thursday, 2 July 2020 1:00 PM

 

 

 

Baghdad / National News Center - The Central Bank of Iraq, on Thursday, suggested paying the salaries of state employees early next week, indicating a re-deduction of bonds to the Ministry of Finance to secure salaries for a period of three months.

Ihsan Shamran, Director General of Accounting at the Central Bank, said that “the central bank has a big role in facing the current financial crisis,” stressing “re-discounting bonds in favor of the Ministry of Finance by about 8 trillion dinars.”

He added that "these bonds will enable the ministry to secure the salaries of employees for the months of July and August and September, pointing out that the bank made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years."

Shamran pointed out that "the Ministry of Finance held discussions with the central bank and some banks to re-deduct these bonds, indicating that the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Rashid accounts and the retirement board." According to the Iraqi News Agency.

He pointed out, "Depositing 4 trillion and 300 billion dinars in the banks' accounts since last Wednesday, pointing out that the finance can receive the money from the banks, suggesting that" the salaries of employees be paid at the beginning of next week. "

And Shamran said that "the central bank stands with the government to support the public finances from any crisis that it may face, noting that the volume of banking cooperation is relatively limited except for Al-Rafidain and Al-Rasheed and the Iraqi Bank for Trade.

He suggested, "The financial crisis will ease with the recovery of oil prices and the global economy," noting that "the state is working towards improving public financial resources through the activation of taxes and customs in addition to oil resources."

[yota691]

Central Bank: Staff salaries are secure for the next two months

 

Central Bank of Iraq building

Banks Economy News - Baghdad: On Thursday, the central bank announced the details of its contribution to facing the financial crisis, while it expected to pay the salaries of employees early next week . Ihsan Shamran, Director General of Accounting at the bank, told the official agency that "the central bank has a big role in facing the current financial crisis, confirming the re-deduction of bonds in favor of the Ministry of Finance by about 8 trillion dinars ." He added that "these bonds will enable the ministry to secure the salaries of employees for the months of July and August," noting that "the bank has made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years ." He continued, "The Ministry of Finance held talks with the Central Bank and some banks to re-discount these bonds," noting that "the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Al-Rasheed accounts and the retirement board ." He suggested that "the salaries of employees be paid at the beginning of next week," noting that "the central bank stands with the government to support the public finances from any crisis that it may face ." Shamran predicted, "the financial crisis will ease with the recovery of world oil prices," noting that "the state is working towards improving public financial resources through the activation of taxes and customs in addition to oil resources ."

Number of views 51   Date added 02/07/2020

[yota691]

Deputy: Delayed salaries for employees and retirees will create an economic recession

 

money and business Economy News _ Baghdad On Thursday, Deputy Khalaf Abdul Samad Khalaf confirmed that delayed salaries for employees and retirees would create an economic recession, calling on the government to provide financial liquidity. Khalaf said in a statement, "Economy News" received a copy of it, "The overall economic movement in the country, free business, and market movement depend largely on the expenses of employees and retirees, and that the delay in paying salaries will create a state of anxiety and confusion, which will lead to economic stagnation." It will cast a large shadow over large segments of society. " He called on the government to "assume its responsibilities to pay the salaries of employees and retirees at their specified times," noting that "the delay in the payment of these benefits will lead to additional burdens on employees and retirees." Khalaf called on the government to "accelerate the search for alternatives to provide financial liquidity to pay salaries, and that this delay does not continue and withdraw over the coming months."

Number of views 35   Date added 02/07/2020

[DWS112]

40 minutes ago, yota691 said:

the bank has made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years

I guess this is a prime example of the Borrowing Law - (internal borrowing) 

[horsesoldier]

Business as usual I guess ? Always next year, or the year after that. Are they really broke ? Pretty thick smoke screen then.

Can’t honestly say I believe a damn thing they put out in the news. Just hoping they’ll do the right thing, although that still appears to be the greased pig 🐖 no one can catch.

If/when they do get that damn toilet paper IQD  global, it will be a shocker, huh.

[NoviceInvestor]

If Payment of salaries has been secured for the next two months that surely rolls us towards another round of excitement from about Mid September on ???? JMO. 

[yota691]

The central bank is likely to exchange employee salaries early next week

 

- 02-07-2020 02:16 PM - Views: 43632

 

The central bank is likely to exchange the late employees ’salaries early next week, after rediscounting bonds in favor of the Ministry of Finance by about eight trillion dinars.

The general manager of accounting at the bank, Ihsan Shamran, said that these discounted bonds will enable the ministry to secure employee salaries for the next three months, expecting the financial crisis to ease with the recovery of global oil prices, and the activation of taxes and customs.

[horsesoldier]

CBI bails out a bunch of crooked S.O.B.'s 2/3 months salary with a Debt repayment of 10 years . . . what a joke. . . and being played out for the whole world to see.

[yota691]

Central Bank: Re-discounting financial securities to secure salaries for three months

Thursday 02 July 2020 - 08:59

 

Baghdad - conscious - Nameer Ali Al Hassoun

The Central Bank announced the details of its contribution in the face of the financial crisis, and while confirming the re-deduction of bonds for the Ministry of Finance to secure salaries for a period of three months, it is likely that they will be disbursed at the beginning of next week.

 

The Director General of Accounting at the Central Bank, Ihsan Shamran, told the Iraqi News Agency (INA), today, Thursday, that the central bank has a big role in facing the current financial crisis, stressing the re-deduction of bonds in favor of the Ministry of Finance by about 8 trillion dinars.

He added that these bonds will enable the ministry to secure employee salaries for the months of July, August and September, pointing out that the bank has made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years.

 

He pointed out that the Ministry of Finance held talks with the Central Bank and some banks to re-deduct these bonds, noting that the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Al-Rasheed accounts and the retirement board.

 

He pointed out that the amount of 4 trillion and 300 billion dinars has been deposited in bank accounts since last Wednesday, noting that the finance can receive money from the banks, most likely 

Paying employees salaries at the beginning of next week.

And that the central bank stands with the government to support the public finances from any crisis that it may face, noting that the volume of banking cooperation is relatively limited except for Rafidain and Rashid and the Iraqi Bank for Trade.

 

Shamran suggested that the financial crisis would ease with the recovery of oil prices and the global economy, indicating that the country is working towards improving public financial resources through the activation of taxes and customs in addition to oil resources.

[yota691]

The central bank is likely to exchange employee salaries early next week

09:51 - 02/07/2020

 

  

Information / Baghdad ..
The Central Bank of Iraq, Thursday, likely to pay the salaries of employees at the beginning of next week, while referring to the insurance of employee salaries for the months of July and August and September.
The Director General of Accounting at the Central Bank, Ihsan Shamran, said in a statement reported by the official Iraqi News Agency “conscious” and reviewed by him / the information / that “re-deduction of bonds in favor of the Ministry of Finance by about 8 trillion dinars”, indicating that “the bonds will enable the Ministry of Finance to secure employee salaries For the months of July, August and September.
Shamran added, "The Central Bank made it easy for the Ministry of Finance to process the debt repayment for a period of 10 years," noting that "the Ministry of Finance can receive money from banks."
He suggested, "Paying employees salaries at the beginning of next week," pointing out that "there is a large role for the central bank in facing the current financial crisis." Ended / 25

[yota691]

"The deficit delays the exchange." A government team begins the procedures for securing minimum salaries

10:55 - 07/07/2020

 

  

The information / Baghdad ..
The head of the Parliamentary Bloc Hussein Arab revealed, Thursday, the reason for the delay in the payment of employee salaries until now, stressing that a specialized government team started its work by taking a series of measures in securing the salaries of the world and retirees and social protection as a priority.
Arab said in a statement to the "information", that "the delay in launching the salaries of employees came as a result of a financial deficit within the state treasury," noting that "a specialized government team started its work by taking a series of measures in securing the salaries of the world and retirees and social protection as a priority."
He added that "all the salaries of state employees are fully insured until the end of the current year."
And Arabs wrap up that "a specialized government team put in its priorities the salaries of simple and retired employees and social protection." Ended / 25h

[yota691]

Central Bank: Re-discounting financial securities to secure salaries for three months

 2020-07-02 08:37:09

The Central Bank of Iraq announced, on Thursday, the details of its contribution in the face of the financial crisis, and while confirming the re-deduction of bonds for the Ministry of Finance to secure salaries for a period of three months, it is likely to be disbursed at the beginning of next week.
"The central bank has a great role to play in the face of the current financial crisis," said Ihsan Shamran, the director general of accounting at the central bank, in an interview with government media.
He added, "These bonds will enable the ministry to secure the salaries of employees for the months of July and August," noting that "the bank has made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years."
He indicated to me that "the Ministry of Finance held discussions with the Central Bank and some banks to re-discount these bonds," noting that "
He pointed out, "Depositing 4 trillion and 300 billion dinars in bank accounts since last Wednesday," noting that "the finance can receive the money from the banks," suggesting that "the salaries of employees be paid at the beginning of next week."
And that "the central bank stands with the government to support the public finances from any crisis that it may face," noting that "the size of banks' cooperation is relatively limited except for Rafidain, Al-Rasheed and the Iraqi Bank for Trade."
Shamran said, "The financial crisis will ease with the recovery of oil prices and the global economy."

[yota691]

The Ministry of Finance: in line with the transactions of financing "salaries" for the month of June

Fri, 03 Jul 2020 12:07:47

 

 

Views: 35

 

 

 The year of the Accounting Department at the Ministry of Finance announced the direct commencement of salary financing transactions for the month of June.
He affirmed, “Continuing until the completion of all financing transactions.” It
is noteworthy that about two weeks have passed since the date for the employees of the public sector to receive their monthly salaries, and many of them are waiting to receive Their usual wages are as a financial "reward" and not a salary due for their work.
The Parliamentary Finance Committee attributed the delay in the disbursement of the June salaries to the duration of the currency conversion procedures, and stated, "The delay in paying the salaries is due to the duration of the currency conversion procedures, and not to transfer the salaries exchange every 40 days as It is rumored, "adding," that the salaries will be launched by the Ministry of Finance in the coming days after the completion of procedures for transferring cash from hard currency to Iraq.