See discussions, stats, and author profiles for this publication at: https://www.researchgate.

net/publication/320127237

Settlement salaries

Article · September 2016

CITATIONS READS

0 146

1 author:

Hassan Alaa
University Of Kufa
3 PUBLICATIONS 1 CITATION

SEE PROFILE

All content following this page was uploaded by Hassan Alaa on 30 September 2017.

The user has requested enhancement of the downloaded file.

 Settlement salaries
University of Kufa
Faculty of Administration and Economics
Department of Accounting
Hassan alaa 22/9/2016

The Iraqi Government started to actively implement the salary

Settlement project delivery through electronic payment cards
staff salaries issued by banks operating in the country through
cuts of up to two thousand dinars.
Financial advisor to the Prime Minister, Mohamed Saleh, look
for “news”, “economy project resettlement salaries going
according to plans by his Government because it includes
several objectives including the payments system efficiency
and revitalize the banking sector through the granting of loans
and other services diversification,” adding that “keep cash at
home and not traded in the market leads to significant losses
of up to 8% of GDP estimated at 12 billion dollars.
“The salaries of State employees and retirees and social
welfare are 50% of the State budget, which represents 25% of
GDP, is an important gateway to make electronic paychecks,”
pointing out that “financial inclusion the biggest way to
control government spending because it would switch from
manual payment to payment in addition to knowing who
handle cash and competencies”, adding that “the Cabinet
decided that the 20% of State employees receive their pay in
next October through electronic means of payment”.
He noted that “the salary Settlement plan ending in the year
2020, especially that 5 million Iraqis currently use the card
getting paid”, noting that “the World Bank is watching with
government payroll localization issue because it increases
economic activity up to 2% of GDP.
And involved in the process of settling Government and
private bank 19 salaries and foreigners, with a staff of about
four million people earn annually more than 35 trillion dinars.
For his part, said the Executive Director of the Association of
private banks, to Gibraltar, “news”, “economy work is ongoing
in the draft resettlement staff salaries, which aims to develop
the banking sector,” adding that “ongoing work with
ministries of health, electricity and staff accounts will begin
this week.
The shopping process going through credit cards without any
deduction, plus he can use ATMs deployed in Iraq by the
national system.“
She was Director of payments at the Central Bank, Abdul
Karim said in an interview he sacrificed to Economics News,
that “the draft settlement of salaries called by Cabinet applied
recommended taking into account as much importance by the
Central Bank of Iraq”, stating that “the Central Bank first to
pay staff localization project dish and prospered.
Abdul Karim added that “the CBI took big guarantees from
banks for payroll localization project and will hold any bank
fail to distribute employee salaries”, noting that “no fear on
salaries in Enterprise localize salaries”.
Abdelkarim affirmed that “choice ministries to banks based on
criteria set by the Central Bank of Iraq in this project and each
is free to choose for banks set by the Central Bank.
While the electricity Ministry said in a press release received
“news” economy “, the Iraqi trade bank master card cards will
be issued to Ministry staff free for once if you open an account
within the Bank, and the second time will be the cost of issuing
master Kart (40,000 thousand dinars) in case of loss.
 “The Iraqi Trade Bank ATMs will be at the Ministry of
electricity to pay employees on time when you send
information to the Bank by the Ministry and the cost of pulling
the employee’s salary is (ID 2000) total salary salary shall be
divided into approximately 750 thousand dinars per employee
have the right armor that is drawn from his salary as he
wants”.
“The employee is entitled to draw his salary from any ATM
outside the Ministry and will be cost (2500% )Of
compensation if a bank outside Iraqi bank framework of trade
“, indicating that” the deals included advances to staff ranging
from 10 to 100 million dinars and different interest rates plus
loans approaching reality apartments (4%) that does not
exceed 75 million amount in 15 years, as well as auto loans to
no more than (60 million) and interest (8% )For a period (4
years), certificates of deposit (500,000 thousand dinars) leads
to pull up to awards (100 million.)

View publication stats