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Central Bank of Kurdistan-Sulemani receives 100 Billion Iraqi Dinars from rich people
Rich people of Sulemani finance Iraqi Kurdistan government-owned banks
Iraq, February 13, 2014
Sulêmanî [Sulaimaniyah] province revealed on Wednesday, initiating a national campaign to fund the government banks with the necessary liquidity to ensure a part of delayed salaries of the employees in Kurdistan region.
According to PUKmedia website, Kurdistan Investors Union put 100 billion Iraq dinars in the Central Bank of Kurdistan Region-Sulêmanî, which they collected from the region's investors and businessman.
In a press conference Wednesday, Yassin Mahmud, the union spokesman announced that the region's investors and businessmen has promised Kurdistan Investors Union to put 100 billion Iraqi dinars to Central Bank of the Region-Sulêmanî so that they can distribute the employees delay salaries.
Mahmud gave assurance that the money was put in the bank today, Wednesday, at the morning. PUK media reported.
"Giving the money to the bank was our decision not government," Mahmud added more.
The press secretary of Sulêmanî province, Raman Othman told Shafaq news, that “the fund-raising campaign involves the Chamber of Industry and Commerce in Sulêmanî, Investment Authority, a branch of Sulêmanî and a number of businessmen and investors.
Othman added that these parties expressed their willingness to coordinate with the Central Bank of the regional governments’ banks to finance the necessary cash flow to pay staff salaries and pay contractors to complete their projects and prevent stopping it.
An agreement has been reached after a meeting of the Governor of Sulêmanî, Behroz Mohammed Salih with these bodies, contact investors and Kurdish businessmen inside and outside the region to participate in this campaign, pointing out that the campaign received a huge response from investors and businessmen who showed their willingness to help the government in overcoming the current crisis, Othman added.
Staff in government departments has gone on strike in Sulêmanî as a result not receiving their salaries last January.
Kurdistan Region is passing through liquidity shortage crisis which led to delay the payment of salaries and a confusion in government departments and institutions.
A march has been organized by the Communist party of Kurdistan and Kurdistan Toilers party in Sulêmanî on Tuesday, to submit a memorandum to the office of Kurdistan parliament about the formation of the government crisis and the delay of salaries and other issues.
The staff and workers of electricity and water departments in Sulêmanî city in Iraqi Kurdistan region protested on Monday in front of their departments against the delay in the payment of their salaries for January, causing the closure of one of the main streets in the province.
The Kurdistan Regional Government KRG Ministry of Finance released a statement on Monday and announced," the reason for the delay of February's salary of KRG employees is that the Iraqi Ministry of Finance has not send the budget of January yet."
(ekurd)
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Rich people of Sulemani finance Iraqi Kurdistan government-owned banks
Iraq, February 13, 2014
Sulêmanî [Sulaimaniyah] province revealed on Wednesday, initiating a national campaign to fund the government banks with the necessary liquidity to ensure a part of delayed salaries of the employees in Kurdistan region.
According to PUKmedia website, Kurdistan Investors Union put 100 billion Iraq dinars in the Central Bank of Kurdistan Region-Sulêmanî, which they collected from the region's investors and businessman.
In a press conference Wednesday, Yassin Mahmud, the union spokesman announced that the region's investors and businessmen has promised Kurdistan Investors Union to put 100 billion Iraqi dinars to Central Bank of the Region-Sulêmanî so that they can distribute the employees delay salaries.
Mahmud gave assurance that the money was put in the bank today, Wednesday, at the morning. PUK media reported.
"Giving the money to the bank was our decision not government," Mahmud added more.
The press secretary of Sulêmanî province, Raman Othman told Shafaq news, that “the fund-raising campaign involves the Chamber of Industry and Commerce in Sulêmanî, Investment Authority, a branch of Sulêmanî and a number of businessmen and investors.
Othman added that these parties expressed their willingness to coordinate with the Central Bank of the regional governments’ banks to finance the necessary cash flow to pay staff salaries and pay contractors to complete their projects and prevent stopping it.
An agreement has been reached after a meeting of the Governor of Sulêmanî, Behroz Mohammed Salih with these bodies, contact investors and Kurdish businessmen inside and outside the region to participate in this campaign, pointing out that the campaign received a huge response from investors and businessmen who showed their willingness to help the government in overcoming the current crisis, Othman added.
Staff in government departments has gone on strike in Sulêmanî as a result not receiving their salaries last January.
Kurdistan Region is passing through liquidity shortage crisis which led to delay the payment of salaries and a confusion in government departments and institutions.
A march has been organized by the Communist party of Kurdistan and Kurdistan Toilers party in Sulêmanî on Tuesday, to submit a memorandum to the office of Kurdistan parliament about the formation of the government crisis and the delay of salaries and other issues.
The staff and workers of electricity and water departments in Sulêmanî city in Iraqi Kurdistan region protested on Monday in front of their departments against the delay in the payment of their salaries for January, causing the closure of one of the main streets in the province.
The Kurdistan Regional Government KRG Ministry of Finance released a statement on Monday and announced," the reason for the delay of February's salary of KRG employees is that the Iraqi Ministry of Finance has not send the budget of January yet."
(ekurd)
[You must be registered and logged in to see this link.]
