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Is the Ministry of Finance hiding the facts? A specialist reveals the main reason for the lack of “cash liquidity”
Economy/Localities | Yesterday, 23:29 |
Baghdad today - Baghdad
Economic affairs researcher Haider Al-Sheikh revealed today, Wednesday (January 1, 2025), the direct reason behind the lack of cash liquidity at the Central Bank of Iraq.
The sheikh told "Baghdad Today",
"The Central Bank lacks cash liquidity, due to the citizen's lack of confidence in the banking system.
There is a lack of confidence among the citizen in both government and private banks, and
this matter has led to the storage of cash (the Iraqi dinar) in citizens' homes."". He stated,
“The cash stored with citizens exceeds 15 trillion dinars, and the
government and the central bank must address inflation in economic policies by providing banking facilities to citizens in a real and more serious manner.” The researcher in economic affairs added,
“The currency circulating among banks, merchants, and in the market as well, amounts to approximately 85 trillion dinars.”
On Sunday (December 2024), the Ministry of Finance denied that there was a shortage of liquidity to finance employees’ salaries for the current month, stressing its commitment to financing salaries.
The Ministry stressed in a statement received by “Baghdad Today” that
it is “fully committed to the process of financing employee salaries, as the Accounting Department has funded the salary dues for ministries, governorates, and unrelated entities for the current month of December according to the schedules specified for each of them, and it is continuing its efforts to ensure the continuity of disbursing financial dues.” Without any delay or interruption.”
https://baghdadtoday.news/265093-هل-تخفي-وزارة-المالية-الحقائق؟.-مختص-يكشف-السبب-الرئيس-لنقص-السيولة-النقدية.html
