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KTFA
Clare » January 3rd, 2024
Iraqi Finance announces the distribution of retirees’ salaries for the month of January
1/3/2024
Today, Wednesday, the Ministry of Finance/Accounting Department launched financing the salaries of civil and military retirees for the month of January 2024.
In a statement today, the Ministry directed the administrations of Al-Rafidain and Al-Rasheed Banks and the National Retirement Authority to expedite the completion of procedures for paying the salaries of civilian retirees via electronic payment cards.
In its statement, the Ministry also called on all civilian and military retirees who will receive text messages to visit bank branches and ATM outlets in Baghdad and the provinces to receive their salaries. LINK
An economist supports comprehensive banks: The era of specialization has ended
1/3/2024 Baghdad
Today, Wednesday, the economic expert, Mahmoud Dagher, considered that the era of public banks has “ended” and only a little of it remains, while he expressed his support for comprehensive banks.
In an interview with Al-Iqtisad News, Dagher said, “The global banking system ended, not a short time ago, the existence of specialized banks and began the transition to the comprehensive bank that carries out full banking operations, using its deposits and capital to finance these operations.”
He added, “The era of public banks has also ended and very little of it remains in some countries, as all banks have turned into joint-stock companies with the same specialization exercising operations similar to other banks. Rather, the specialized ones have begun to aim to transform into banking operations such as localization and regular lending in order to be able to continue.” .
The economic expert explained, “The state has also increased its support for specialized banks and their capital, which does not ensure capital adequacy,” adding, “I support merging the banks in the hope that they will have a longer life to operate instead of delaying.” LINK
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Source: Dinar Recaps
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