The Governor of Iraq’s Central Bank has reassured salary recipients, announcing that the provision of salaries is fully guaranteed and there is no risk involved.

Plan to Adjust the Value of the Dinar

Ali Al-Alaq, Governor of Iraq’s Central Bank, declared: “There is no plan or need at present to adjust or change the value of the Iraqi dinar against the US dollar.” At the same time, he gave full assurances regarding the provision of salaries.

Salaries of Employees

Regarding the salaries of employees, the Governor of the Central Bank reassured citizens and announced that the provision of salaries is fully secured and there is no danger to them.

Financial Pressures Facing Iraq

The Governor’s remarks came after, on Monday, May 18, former financial and economic advisor Mazhar Mohammed Saleh, and former Iraqi Prime Minister Mohammed Shia’ Al-Sudani, stated on Channel8: “Public finances are facing severe pressure and turmoil due to a shortage of cash liquidity, the main reason being the decline in oil revenues caused by the US-Iran conflict.”