"A DECREASE IN THE AMOUNT EQUALS AN INCREASE IN THE EXCHANGE RATE" BY FRANK26, 10 OCT

 KTFA

FRANK26: "A DECREASE IN THE AMOUNT EQUALS AN INCREASE IN THE EXCHANGE RATE".......F26

Salaries next week.. Baghdad sends 329 billion dinars to Erbil and the latter indicates a decrease in the amount - Urgent

 

Erbil 

Economic expert Hafidar Shaaban announced today, Tuesday (October 8, 2024), that the federal government has sent an amount of 329 billion dinars to the Ministry of Finance of the Kurdistan Region.

Shaaban said in an interview with Baghdad Today that "in order to distribute salaries for the month of September, Baghdad sent a financial amount of 329 billion Iraqi dinars, but this amount is short of 71 billion and 328 million Iraqi dinars."

He added, "For this reason, a delegation from the Ministry of Finance in the regional government will visit Baghdad tomorrow, Wednesday," noting that "next week, specifically on the 16th of this month, the Ministry of Finance in the regional government will "Begin disbursing salaries to employees, before the elections scheduled to take place on the 20th of this month."

Financial expert Hafidar Shaaban confirmed on Tuesday (October 1, 2024) that the Federal Ministry of Finance will finance the region with an amount of 243 billion dinars.

Shaaban said in an interview with Baghdad Today, “The Federal Ministry of Finance will send this amount to the region, which is the remaining amount, for the purpose of financing the salaries of the Kurdistan Region in full, for the month of August.”

An informed source revealed, on Friday, September 27, 2024, the date for launching the disbursement of salaries for employees in the Kurdistan Region for the month of August.

The Ministry of Finance in the Kurdistan Region had previously announced that it had delivered the list of employees' salaries for the months of August and September, as requested by the Federal Ministry of Finance last time.

She explained that "in order to cover the deficit in August salaries, which is estimated at 243 billion dinars, the Federal Ministry of Finance decided to pay the suspended payments from February to August, and it is scheduled to start distributing salaries at the beginning of next week with the arrival of supplementary funding from Baghdad," stressing that she "is waiting to start sending September salaries to the region's employees and in order to start the process of auditing the payroll now."

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