\n 2026-08-26T08:56:48+00:00<\/p>\n
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Shafaq News-
\nBaghdad<\/p>\n
Iraq is
\nreviewing the performance of several state-owned banks and financial
\ninstitutions as the government struggles with a cash crunch and delayed
\npublic-sector salaries, an informed source said Wednesday.<\/p>\n
The reviews
\nare examining alleged misuse of public funds, falling liquidity, and misleading
\nreports submitted by some bank managers to senior officials, according to the
\nsource, who spoke to Shafaq News on condition of anonymity.<\/p>\n
Government<\/a> The Some The measures The review comes
\nbodies are assessing how the banks are run, alongside management changes and
\nrecently launched investigations into cases said to have caused losses of
\npublic money and enabled corruption. Investigators are also examining why cash
\nreserves once held at state banks have fallen, the source said, in preparation
\nfor legal and administrative measures.<\/p>\n
\nassessments weigh how far each management can support the government through
\nthe current strain, the source said, and how far each institution has moved
\ntoward digital systems. Continued reliance on paper procedures rather than
\nelectronic ones is among the concerns drawing official attention.<\/p>\n
\nmanagers have submitted figures and reports that do not reflect actual
\noperations, the source said, adding that field monitoring has exposed a wide
\ngap between official reporting and performance on the ground. That gap is
\nitself under review.<\/p>\n
\nare part of a broader government effort to reassess how state financial
\ninstitutions perform and to strengthen efficiency, governance, and digital
\nsystems, the source said, given the financial pressure and the delay in paying
\nsalaries<\/a>.<\/p>\n
\nafter a separate informed source told Shafaq News on Tuesday that state
\nsalaries could be delayed until the end of this month or early next month
\nbecause funding for ministries and state bodies had not yet been released.
\nSalaries are funded and paid out to state institutions sequentially, a process
\nthat takes several days. Several state banks are low on cash after their
\nreserves fell, limiting their ability to fund state bodies or borrow
\ndomestically.<\/p>\n