Baghdad, The Ministerial Council of Economy decided to oblige all ministries and state institutions to pay wages for goods and services in Iraqi dinars.
A statement by the Ministry of Foreign Affairs stated that the Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein headed, today, Monday, the first meeting of the Ministerial Council for the Economy, held in the presence of the Deputy Prime Minister and Minister of Planning, and with the participation of the Ministers of Finance, Trade, Industry, Agriculture, Labor and Social Affairs, Secretary General of the Council of Ministers, Governor of the Central Bank of Iraq, acting head of the National Investment Commission, and advisors to the Prime Minister for economic and legal affairs.
According to the statement, the council discussed the draft law of the state’s general budget and the revenues and expenditures contained therein. The Council also discussed the economic issues on its agenda and took many important economic decisions, including: obligating all state Ministries and institutions to pay wages for goods and services in Iraqi dinars, and whoever chooses from the private sector to its sales will be as mentioned above, provided that the Central Bank of Iraq compensates these amounts in dollars and the official rate in order to fulfill their obligations and purchases outside Iraq.
The Council also agreed that the Central Bank of Iraq would contract with the Zaha Hadid Foundation to design the Central Bank building in Nineveh Governorate.
Source: National Iraqi News Agency