Baghdad transfers over $726M to Kurdistan for January salaries

[kelsguy1113]

Baghdad transfers over $726M to Kurdistan for January salaries

KurdistanerbilbreakingBaghdadsalariesthe Kurdistan Regional Government

2025-02-04 01:54

Share

font

Shafaq News/ The Kurdistan Regional Government (KRG) announced, on Tuesday, that the federal government has transferred over 950 billion IQD (approximately $726 million) to the Kurdish Ministry of Finance and Economy to cover the previous month’s salaries.

KRG spokesperson Peshawa Hawramani confirmed that the federal Ministry of Finance deposited 958,012,332,759 IQD ($732,728,551) into the KRG's Ministry of Finance account.

Hawramani stated that the KRG will begin distributing the January salaries as soon as possible, following the procedures established by the Ministry of Finance.

On Monday, the Kurdish Ministry of Finance announced that a final agreement had been reached with Baghdad to resolve the longstanding issue of public sector salaries, following several days of technical meetings between the two sides.

The payment of public sector salaries in the Region has been a contentious issue between Baghdad and Erbil, particularly after the Iraqi Federal Court's decision last year, which mandated both the Iraqi and Kurdistan region’s prime ministers to settle salaries through the federal banking system.

While Baghdad has affirmed its commitment to the court ruling, it has conditioned the submission of detailed employee lists, a point of concern for the KRG Ministry of Finance due to uncertainties surrounding the handling of the lists.

The Kurdistan Region is currently facing a financial crisis and liquidity shortage, worsened by the suspension of oil exports to Turkiye through the Ceyhan pipeline. Ankara halted the flow of oil following an international arbitration ruling requiring Turkiye to compensate Baghdad for damages.

Meanwhile, the federal government is also grappling with a significant budget deficit exceeding 64 trillion Iraqi dinars (approximately $48.9 billion), and domestic debt is reported to have reached roughly 14.5% of Iraq's GDP, according to official data.

 

Baghdad transfers over $726M to Kurdistan for January salaries - Shafaq News

[haymon]

Let the Dinar start flowing.

[RJG]

Kurdistan Regional Government receives nearly one trillion dinars from Baghdad for last month's salaries

Kurdishbreaking

2025-02-04 02:32

 

Shafaq News/ The Kurdistan Regional Government announced on Tuesday that the federal government transferred more than 950 billion dinars to the account of the Ministry of Finance and Economy in the region to finance last month's salaries.

The spokesman for the regional government, Peshwa Hawrami, said in a statement today that the federal Ministry of Finance deposited an amount of 958,012,332,759 dinars into the account of the Ministry of Finance in the regional government.

Hawrami confirmed that the Kurdistan Regional Government will begin disbursing January salaries as soon as possible, according to the mechanisms approved by the Ministry of Finance.

The Ministry of Finance in the Kurdistan Regional Government announced, on Monday evening, that it had reached a final agreement with the federal government to resolve the issue of salaries of the region’s employees, after a series of technical meetings between the two sides that lasted for several days.

The issue of salaries of Kurdistan employees tops the list of disputes between Baghdad and the region, especially after the decision of the Iraqi Federal Court last year obligating both the Prime Minister of the Federal Council and the President of the Kurdistan Regional Government to localize the salaries of employees and workers in the public sector in federal banks.

Baghdad confirmed its commitment to the decision, but stipulated the submission of lists of employees’ names, while the regional Ministry of Finance considered that “ambiguity surrounds how to deal with the list.”

The Kurdistan Region has been witnessing a financial crisis and a liquidity shortage since losing its most important financial resources due to the halt of oil exports to Turkey via the Ceyhan Port pipeline after Ankara's decision to stop the flow of crude following an international arbitration ruling requiring it to pay compensation to Baghdad for the damages it suffered.

In turn, the federal government faces the challenge of securing employees’ salaries due to the budget deficit rising to more than 64 trillion Iraqi dinars, while the size of the domestic debt reaches about 14.5 percent of the gross domestic product, according to official data.

https://www.shafaq.com/ar/كوردســتانيات/حكومة-قليم-كوردستان-تتسلم-قرابة-تريليون-دينار-من-بغداد-رواتب-الشهر-الماضي

[kelsguy1113]

I was thinking... a Trillion dinars for one month????? That feels like we are not being told everything about how much dinar they actually have. That is a lot of money.

[RJG]

Kurdistan Finance: The salaries of the region's employees will be distributed tomorrow, Wednesday

Local |Today, 17:50 |

    

 

 

 

Baghdad Today - Baghdad

The Parliamentary Legal Committee announced today, Tuesday, February 4, 2025, its intention to vote on the general amnesty, personal status, and real estate laws individually, without going to pass them in one basket.

Committee member Aref Al-Hamamin told Baghdad Today: “The state order that was issued was an objection to passing the laws in one basket, but the parliament will reconsider passing the three laws and we will proceed to vote on each law separately to avoid any other judicial decision.”

He said, "Ten representatives objected to the court's voting mechanism, which led to it issuing a judicial order to stop the implementation."

Today, Tuesday, the Federal Supreme Court issued a judicial order to stop the implementation of the general amnesty, personal status, and property return laws.  

According to the court’s ruling documents, received by Baghdad Today, “suspending the implementation of the law is a discretionary authority and a temporary preventive measure until the constitutionality of the laws that are the subject of the lawsuits is decided and whether they conform to the constitution or not.” 

She explained that "the consequences of implementing laws cannot be avoided when a ruling is issued declaring them unconstitutional, especially since the urgency is based on the idea of temporary urgent protection that does not waste or gain a right."

It is noteworthy that the House of Representatives voted on Tuesday (January 21, 2025) on draft laws amending personal status, general amnesty, and returning properties to their owners, after they were suspended in more than one previous session.

The Minister of Finance in the Kurdistan Regional Government, Awat Sheikh Janab, announced from the capital, Baghdad, yesterday an agreement regarding the salaries of the region’s employees. Awat Sheikh Janab said in a press conference: “We agreed with the federal government to pay the salaries for the year 2025 without problems.”

Regarding the January salary, the Minister of Finance in the Kurdistan Regional Government explained that “it will begin to be distributed on Tuesday or Wednesday.”

https://baghdadtoday.news/267300-مالية-كردستان-رواتب-موظفي-الإقليم-ستوزع-يوم-غد-الأربعاء.html

[Artitech]

3 hours ago, kelsguy1113 said:

I was thinking... a Trillion dinars for one month????? That feels like we are not being told everything about how much dinar they actually have. That is a lot of money.

They are not telling anyone jack $h!+. Anything that comes out of there (Iraq) is bogus! There is just loads of BS that’s either made up or just a plain lie! I don’t understand it! I guess one day we all will. We will all know in about 8 weeks about the legitimacy of this so called investment, if 25 is going to be a dead year or not . I believe it doesn’t RV/RI by the end of this 1st quarter, then it will be years before an RV/RI taking place, if they ever do it! The main reason for this is. Those crooks have figured out a way to get their hands in the cookie jar. Get rid of these crooks and get a new set! It’s a dog chasing his tail! I needed this to hit so badly! I once heard a great baseball manager say after losing the World Series final game, said “ That’s the way baseball go” ! Same here, That’s the way IQD go! Case closed! JMHO 

[Chill5805]

I agree, if doesn’t happen in the first quarter, we can forget about it until at least next year. I’ve been in this since 2004 and every year around this time I get my hopes up only to be let down. Maybe this year will be different . I’m not getting any younger so it would be nice for the RV to happen sooner than later !

[BETTYBOOP]

I have been in this longer than I thought I bought my first dinar when I was still married and that ended in 2007... If it hasn't happened my mid April , it won't happen this year IMHO

Edited Tuesday at 06:57 PM by BETTYBOOP

[jabez777]

This is the year. The Christian prophets say that something big is going to happen financially in March or April. This is the only big thing I can think of unless they eliminate the IRS. Our bonus plus getting rid of the IRS would be great.

[Shelley]

11 minutes ago, BETTYBOOP said:

I have been in this longer than I thought I bought my first dinar when I was still married and that ended in 2007... If it hasn't happened my mid April , it won't happen this year IMHO

I’ve been in it for 22 years , I’ll hang in there till the end !!! I know if I got rid of them tomorrow, it would revalue the next day 🤷🏻‍♀️

 

[3n1]

6 minutes ago, Shelley said:

I know if I got rid of them tomorrow, it would revalue the next day

i would be willing to donate to ur sacrificial cause if that would be the trigger for a internationally recognized tradeable bankable iqd ... this mess has gone on way to long ... cheers   

[Shelley]

5 hours ago, 3n1 said:

i would be willing to donate to ur sacrificial cause if that would be the trigger for a internationally recognized tradeable bankable iqd ... this mess has gone on way to long ... cheers   

I’m not ready to throw the towel in just yet

[3n1]

6 minutes ago, Shelley said:

I’m not ready to throw the towel in just yet

i dont blame ya, me either , but as the years and life move along at a very rapid pace now i find myself many times thinking i feel quite foolish but on the other hand ive lost way more in what i have spent on IQD with monies managed under a professional wealth manager or spending on foolish things ......... as a side note my neighbor friend died last Sunday i spoke with him Saturday all seemed fine less than 24 hrs. his life on earth was a vapor ..... there is zero guarantee's 

all the best to us all .

[haymon]

Will this con fruition or will I die first,time will speak loudly.

[screwball]

the biggest question is what notes are they???? Kurdish notes or new Iraqi currency? because that photo is showing new polymer notes with new security features?

[haymon]

Sorry didn't proof read my post.😔

[6ly410]

[6ly410]

[6ly410]

😎

[6ly410]

[psdon]

Where is my salary  I've been in this Since? 2011.😁

[lmb4321]

Great Find 6ly.....

[screwball]

BIg Big Big News go "National Oil Company and SOMO"

[screwball]

On 2/5/2025 at 3:48 AM, Artitech said:

They are not telling anyone jack $h!+. Anything that comes out of there (Iraq) is bogus! There is just loads of BS that’s either made up or just a plain lie! I don’t understand it! I guess one day we all will. We will all know in about 8 weeks about the legitimacy of this so called investment, if 25 is going to be a dead year or not . I believe it doesn’t RV/RI by the end of this 1st quarter, then it will be years before an RV/RI taking place, if they ever do it! The main reason for this is. Those crooks have figured out a way to get their hands in the cookie jar. Get rid of these crooks and get a new set! It’s a dog chasing his tail! I needed this to hit so badly! I once heard a great baseball manager say after losing the World Series final game, said “ That’s the way baseball go” ! Same here, That’s the way IQD go! Case closed! JMHO 

for me end of april.....

[southbeach]

1 hour ago, screwball said:

for me end of april.....