Source: Employee and retiree salaries are not affected by the banks’ annual inventory.
Source: Employee and retiree salaries are not affected by the banks’ annual inventory.
2025-12-24 00:27
Shafaq News – Baghdad
An informed source revealed on Wednesday that the annual inventory and auditing processes carried out by government banks at the end of each year will not affect the disbursement of salaries to employees and retirees.
The source told Shafaq News Agency that “the suspension of some banking activities during this period comes within the framework of annual implementation procedures that include liquidating the suspended accounts and preparing the final financial statistics and data.”
He added that “salaries are disbursed regularly through electronic systems and electronic payment cards,” indicating that “the annual inventory procedures will begin on the 25th of this month, and will be accompanied by a temporary suspension of some banking services, with all activities to resume at the beginning of next year in accordance with the approved procedures.”
The source pointed out that “the Retirement Authority is holding discussions with banks to prevent a recurrence of delays in distributing retirees’ salaries if the disbursement date coincides with official holidays.”
The source confirmed that “these procedures are routine and are known annually, and aim to regulate financial and accounting work and ensure the accuracy of data, without affecting the rights of salary beneficiaries.”
shafaq.com
