Shock: Iraqi banks “without liquidity” after government measure; salaries the biggest problem
Shock: Iraqi banks “without liquidity” after government measure; salaries the biggest problem
2026-02-15 00:53
Shafaq News – Baghdad
Informed sources revealed on Sunday that the country’s financial liquidity crisis has worsened, confirming that available resources are no longer sufficient to secure the payment of salaries for employees and retirees in 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
