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Finance: advance the 100 non-salary benefits covered by the drop .. And currency exchange in two years is unlikely
Baghdad - the world
The Ministry of Finance of Iraq, Saturday, to advance percent salary for state employees not covered by dropping interest rates, while ruling out replacing Iraqi currency during the next two years.
The Ministry of Finance has decided since 2008, and through the Rafidain and Rasheed, in coordination with the ministries and government departments grant advances and loans to staff different, but less than the staff member for five years in accordance with the conditions and controls specific to that, that does not exceed the loan of 50 million and an interest rate of 8 percent on the repayable over ten years.
The Finance Minister Rafie al-Issawi said in an interview for "Alsumaria News", "advance percent salary for State employees will not be covered by dropping the interest is of 8%," attributing the cause to "link the Rafidain and Rasheed, which confer the advance deposits the public."
Issawi said that "banks are pushing the benefits of 6% of the citizens of depositors to them, and therefore, they are not able to lend to employees without the benefit of," noting that "the loans covered by dropping the interest is included loans of Agricultural Bank and Mortgage and Housing Fund and retroactively."
He said al-Issawi that "the Iraqi budget for next year 2012, and developed a material that exempting all borrowers from the bank and agricultural real estate and housing fund of interest in order to encourage construction of housing units and the elimination of the housing crisis in Iraq."
And approved the Iraqi Council of Ministers on the eighth of December the current budget next year 2012, of 117 trillion dinars and a deficit of 14 trillion dinars, while the operating budget 80 trillion dinars and 37 dinars trillion as investment budget.
In another context, the Secretary of Finance "to replace the current Iraqi currency with new ones during the next two years because of the Economic Commission not to adopt the draft of the new currency provided by the Central Bank of Iraq to delete the zeros and issuing forms for the new currency."
The Deputy Governor of the Central Bank of Iraq for the appearance of Mohammed, predicted in an interview for "Alsumaria News", in September of this year, that is the currency exchange in the new fiscal year for the year 2013.
The Iraqi Central Bank Governor Sinan Shabibi confirmed at a meeting of independent bodies with Prime Minister Nuri al-Maliki, in the 19 of June, ready to create all the supplies to replace the Iraqi currency.
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Baghdad - the world
The Ministry of Finance of Iraq, Saturday, to advance percent salary for state employees not covered by dropping interest rates, while ruling out replacing Iraqi currency during the next two years.
The Ministry of Finance has decided since 2008, and through the Rafidain and Rasheed, in coordination with the ministries and government departments grant advances and loans to staff different, but less than the staff member for five years in accordance with the conditions and controls specific to that, that does not exceed the loan of 50 million and an interest rate of 8 percent on the repayable over ten years.
The Finance Minister Rafie al-Issawi said in an interview for "Alsumaria News", "advance percent salary for State employees will not be covered by dropping the interest is of 8%," attributing the cause to "link the Rafidain and Rasheed, which confer the advance deposits the public."
Issawi said that "banks are pushing the benefits of 6% of the citizens of depositors to them, and therefore, they are not able to lend to employees without the benefit of," noting that "the loans covered by dropping the interest is included loans of Agricultural Bank and Mortgage and Housing Fund and retroactively."
He said al-Issawi that "the Iraqi budget for next year 2012, and developed a material that exempting all borrowers from the bank and agricultural real estate and housing fund of interest in order to encourage construction of housing units and the elimination of the housing crisis in Iraq."
And approved the Iraqi Council of Ministers on the eighth of December the current budget next year 2012, of 117 trillion dinars and a deficit of 14 trillion dinars, while the operating budget 80 trillion dinars and 37 dinars trillion as investment budget.
In another context, the Secretary of Finance "to replace the current Iraqi currency with new ones during the next two years because of the Economic Commission not to adopt the draft of the new currency provided by the Central Bank of Iraq to delete the zeros and issuing forms for the new currency."
The Deputy Governor of the Central Bank of Iraq for the appearance of Mohammed, predicted in an interview for "Alsumaria News", in September of this year, that is the currency exchange in the new fiscal year for the year 2013.
The Iraqi Central Bank Governor Sinan Shabibi confirmed at a meeting of independent bodies with Prime Minister Nuri al-Maliki, in the 19 of June, ready to create all the supplies to replace the Iraqi currency.
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