Parliamentary move to host the Governor of the Central Bank of Iraq to discuss “salaries and citizens’ income”
Parliamentary move to host the Governor of the Central Bank of Iraq to discuss “salaries and citizens’ income”
2026-02-16 09:01
Shafaq News – Baghdad
On Monday, MP Duha Al-Bahadli, from the National Approach bloc, revealed a parliamentary move to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, to discuss the reasons for the fluctuation in cash liquidity and mechanisms for addressing it.
Al-Bahadli told Shafaq News Agency that “the purpose of the meeting is to inform the MPs in detail about the reasons for the fluctuation in cash liquidity, the mechanisms for addressing it, and the extent of the efficiency of monetary policy in facing the current challenges, in addition to ensuring that no financial crisis and its impact are reflected on the salaries of employees, or the state’s obligations.”
She continued: “Also to review the measures taken to ensure market stability and protect the purchasing power of citizens,” noting that “the date of the meeting will be determined later by the Council Presidency.”
She pointed out that “the House of Representatives is exercising its oversight role with full responsibility, and there will be a commitment to complete transparency and reassuring the Iraqi public regarding the financial and monetary situation.”
It is noted that informed sources revealed yesterday, Sunday, the worsening financial liquidity crisis in Iraq, confirming that the available resources are no longer sufficient to secure the payment of salaries for employees and retirees during the coming period.
Sources who spoke to Shafaq News Agency reported that the government was forced to withdraw about 20 trillion dinars from Al-Rafidain Bank, in addition to between 7 and 8 trillion dinars from Al-Rasheed Bank, as well as withdrawing about 7 billion dollars from another bank, along with sums of money from industrial and agricultural banks, in order to cover salaries during the past months.
She explained that these measures have led to the depletion of a large portion of the liquidity available in government banks, which makes the option of delaying the payment of employee salaries strongly on the table during the next stage if urgent financial solutions are not found to contain the crisis.
She pointed out that the continuation of these conditions may exacerbate the financial crisis, especially with the existence of observations related to mismanagement, waste of public money and suspicions in some files, which calls for taking urgent reform measures to ensure financial stability and secure the salaries of employees and retirees on their specified dates.
shafaq.com
