The Kurdistan Regional Government (KRG) has transferred about $92 million in cash to Baghdad. The amount, equivalent to 120 billion Iraqi dinars, comes from non-oil revenues. The Ministry of Finance and Economy confirmed the transfer.
In an official statement, the ministry said it submitted the final accounts report for September to Iraq’s Ministry of Finance. The report confirms that a portion of the federal treasury’s non-oil revenues allocated to the Kurdistan Region will be deposited. The deposit will take place in the account of Iraq’s Ministry of Finance at the Central Bank of Iraq in Erbil.
This KRG cash transfer to Baghdad reflects the ongoing financial coordination between the Kurdistan Region and Iraq’s federal government. Officials said the transfer is part of regular procedures for sharing non-oil revenues. Analysts note that such transfers help maintain fiscal balance and strengthen economic relations between Baghdad and Erbil.
The Ministry of Finance and Economy emphasized transparency and accuracy in reporting the final accounts. By transferring the funds promptly, the KRG demonstrates its commitment to national financial responsibilities. Experts view this KRG cash transfer to Baghdad as a positive step for regional cooperation.
Officials also highlighted that non-oil revenues remain an important part of the Kurdistan Region’s budget. Managing these funds carefully ensures that the KRG can continue funding local projects and public services. The ministry confirmed that similar transfers are expected regularly based on federal allocations.
In conclusion, the KRG cash transfer to Baghdad, totaling about $92 million, marks a significant financial movement. The process reflects transparency, planning, and coordination between the Kurdistan Region and Iraq’s central government. With such transfers, both sides aim to maintain stability in financial operations and regional cooperation.
