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Connecting Kurdistan region banks with Baghdad
Dilshad Othman, the undersecretary of KRG ministry of finance said in a press statement “there are two central banks in Erbil and Sulaimani, which are currently connected to Kurdistan Regional Government (KRG). We are working to connect these banks with the Central Bank of Iraq according to the Iraqi government demand.”
“This step came because these banks are originally branches of the Iraqi bank. The fund policy is the authority of the federal government and not KRG”, he added.
On Wednesday June 10th, Kurdistan region parliament held a session to discuss the budget project. In this session, Othman emphasized this step and said “connecting the central banks in Kurdistan region with the central bank in Baghdad is for the interest of Kurdistan region”.
http://pukmedia.com/english/index.ph...11562&Itemid=1
Another version of this article
the link between the bank and the banks of Baghdad Region
The Undersecretary of the Ministry of Finance in the Kurdistan region Dlhad Osman said that the bank in the region of Arbil and Sulaymaniyah Baghdad Sertbtan banks.
Osman said the Kurdistan News Agency (Akaniwz) that "there are central banks in Erbil and Sulaimaniya, which are now linked to the government of the Kurdistan region, but now, at the request of the Iraqi government are working to link the two banks the Central Bank of Iraq." Othman said: "This step comes from the premise that banks are already branches of the Bank of Iraq, because monetary policy is the prerogative of the central government, not the Kurdistan Regional Government, and for this we are now working to link the two banks the Central Bank of Iraq".
http://209.85.227.132/translate_c?hl...dTKnGGE9_0pfnA