Iraq-Turkey Financial Talks Imminent, Kurdistan Government Eyes Budget Discussion in Baghdad
As per a reliable government source, a delegation from Iraq comprising the Prime Minister’s financial advisor, three officials from the Central Bank of Iraq, and directors of 12 Iraqi banks are poised to embark on a crucial journey to Turkey. Their itinerary includes in-depth interactions with multiple Turkish financial and banking institutions. The key talking points will revolve around the initiation of correspondent accounts for Iraqi banks in foreign currencies, the introduction of credit card usage for Iraqi citizens and tourists within the Turkish banking market, and the regulation of trade exchange between Iraq and Turkey through a foreign currency buying and selling window.
High-Level Delegation to Visit Baghdad
A high-level delegation from the Kurdistan Regional Government (KRG) is scheduled to visit Baghdad. The primary agenda for this visit includes discussions on the salaries of KRG employees, the KRG’s share of the federal budget, and the reinstatement of oil exports from the Kurdistan region and Kirkuk through the Turkish port of Ceyhan. The delegation’s objective is to secure the constitutional rights of the people of Kurdistan, with special attention to those who are salaried employees.
Negotiating Oil Exports and Production Costs
The delegation will also delve into the challenges of recommencing oil exports and the federal government’s ability to cover the production and extraction costs. The KRG’s intent is to resume oil exports, conditional on the federal government’s capacity to shoulder the cost of oil production and extraction.
Call for Commitment Towards Financial Obligations
Qubad Talabani, Deputy Prime Minister of Iraq’s Kurdistan Regional Government (KRG), has called on the federal government in Baghdad to fulfill its financial obligations towards the autonomous region. He emphasised the urgent need for the federal government to resolve the issue of Kurdistan’s share in the budget and fund the salaries of public servants. A high-ranking KRG delegation is slated to visit Baghdad on Monday to discuss the budget, public servants’ salaries, and the resumption of oil exports from Kurdistan and Kirkuk via the Turkish port of Ceyhan.
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