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Podcast: My FX Buddies
Episode: Kurdistan Salaries: Baghdad Sends Funds — But With Strings Attached!
Description: Baghdad and Erbil have struck another temporary deal on link to My FX Buddies BlogKurdistan’s long-running salary crisis. Iraqi Finance Minister Taif Sami has approved the transfer of nearly 950 billion dinars to cover the sixth month of salaries for Kurdistan Regional Government (KRG) employees.But there’s a catch — Kurdistan must first hand over 120 billion dinars in domestic revenue to Baghdad before the money is released. While this may bring short-term relief to more than 400,000 public employees, the deeper disagreements over oil exports and revenue sharing remain unresolved.Support My FX...