rafidainscope - Economic experts have warned against the risks of paying public sector salaries in foreign currency, emphasizing that such a step could lead to a rapid depletion of cash reserves and weaken the financial authorities' ability to manage monetary
policy. Specialists affirmed that reserves are primarily intended to finance foreign trade and maintain domestic currency stability. They noted that this measure could increase the demand for hard currency, widen the exchange rate gap, and negatively impact financial independence while
reducing monetary issuance revenues.
