To resolve cash crisis Iraqi Kurdistan region $85m to bank | ||
18/02/2014 | ||
According to the Iraqi Kurdish officials, the crisis has taken place when central government of Iraq did not send money to the Kurdish government. Leaders in Baghdad say the money has now been sent. Arbil and Baghdad are still locked in a dispute over Kurdistan’s independent oil exports. Kurdish officials say Baghdad still owes the region billions of dollars in unpaid expenses. But the central government says Kurdistan has not calculated its expenses accurately. Iraq’s Kurdish deputy finance minister, Fazil Nabi, has resigned from his post due to Baghdad’s delay in paying Kurdistan’s salaries. But Iraq’s central government says the problem is simply because paying in cash is an outdated method. | ||
Last Update:: 18/02/2014 | ||
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