The Central Bank is obliged in an urgent letter to the company Key Card to pay the salaries of employees and retirees
The Central Bank of Iraq in an urgent letter wave to the International Company for smart card Key Card to pay the salaries of employees and retirees within 24 hours, stressing otherwise that “the company will be subject to penalties from the Central Bank.
A copy of the book addressed to K-Card and issued by the Central Bank of Iraq signed by Saleh Ali, Director General of the Central Bank of Iraq’s Banking Supervision Department, that “a reference to the book of Rasheed Bank / Office of the Director-General No. 144 on 21/5 / 2018) Facilities Copy of your letter and number numbered (18051612 ceo) on 10/5/2018 you decide to release the salaries of employees and retirees retained their account at the Rasheed Bank during the day.
“You must take the necessary regulatory and technical measures to maintain the continuity of salary payments on time and without prejudice to the rights of citizens,” he said.
“We should inform you of your actions and the reasons that led to that in 24 hours, otherwise your company will be subject to legal consequences,” he said.
The Rashid Bank announced on Monday that the non-payment of salaries of retirees and employees is due to the cessation of the card system.
“The reason for the suspension of the salaries of retirees and employees to card holders is due to the disruption of the electronic system by the International Smart Card Company,” he said in a brief statement to the bank obtained by Mawazine News.
The bank denied in its statement that it has a hand in stopping salaries salaries of retirees and employees for any reason. Source