Settlement of hundreds of billions between Kurdistan and Baghdad

The Central Bank announced on Thursday a banking settlement between the federal government and the Kurdistan Regional Government.

“According to the joint efforts between the Kurdistan Regional Government and the Central Bank of Iraq, a settlement was made to the credit bank balances open at the branches of the Central Bank in Erbil and Sulaymaniyah,” he said in a statement.

He added that “the payment of more than (190) billion dinars during the month of December 2018 in addition to the previous repayments, which exceeded (380) billion dinars, where the total paid for the date of more than (570) billion dinars, and the installment of the remaining amounts on the number of installments “He said.

He said that “the above arrangements show the seriousness of the administration in the Kurdistan Region and the Central Bank of Iraq to settle this issue to facilitate banking work in the region and enhance reliability in the banking system.”

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