Economic Experts Outline Risks of Distributing Public Sector Salaries in US Dollars

mesoiraq - Financial experts underscored the impracticality of paying public sector salaries in foreign currency, warning that such a move would deplete central bank foreign reserves and impair monetary policy execution. Experts highlighted that foreign reserves act as strategic assets dedicated to stabilizing price levels, exchange rates, and international trade commitments rather than funding recurring operational expenses. Paying salaries in US dollars could strain foreign exchange liquidity, erode national currency sovereignty, and impose complex administrative overhead on the banking sector.