BAGHDAD / NINA / The director of the private banks association, banking expert Abdul Aziz Hassoun , warned from an unprecedented rise in the prices of goods and materials in the local market as a result of increasing the salaries of retirees .
Hassoun said in a statement to the National Iraqi News Agency / NINA / that " increasing the salaries of retirees will contribute in an increase of the currency in the local market , which will lead to be absorbed by the goods and materials through higher prices , stressing that the increase will affect the ordinary citizen , retired and non- retired ."
He added , " increasing salaries will not do any good for the Iraqi people, calling the financial and the legislative authorities to pay attention and awareness that the increase for retirees will reflect negatively on society ."
The banking expert suggested to provide services for retirees instead of increasing their salaries .
The House of Representatives approved the pension law, which would increase the salaries of retirees .
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