BAGHDAD: Finance Committee of Parliament denied allegations that the central government is unable to pay salaries after June and confirmed that Iraq’s foreign currency reserves exceed $60 billion US dollars.
The Finance Committee Member of Parliament, Masood Haider, said in a press statement “The rumors about the Iraqi government’s inability to pay employee salaries after June is merely anti-government propaganda and an attempt to make it fail,” noting that “apart from other revenue streams, the state’s oil revenues alone exceed $4 billion USD while employee salaries only amount to $3.4 billion USD.”
Haider added that “Iraq has large foreign currency reserves in excess of $60 billion USD and 80 tons of gold to support the Iraqi Dinar” stressing that “Iraq is not a bankrupt country and that it preservers through a financial crisis that is a result of irrational policies from the previous regime.”
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