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Kurdistan To Hand Over Oil Revenue To Iraq In Exchange For Funds

The Kurdistan Regional Government (KRG) will comply with the recent Iraqi federal fiscal deficit bill under which the semi-autonomous region in Iraq is set to hand over an "unspecified amount of oil" to the federal government in exchange for Baghdad allocating funds for Kurdistan's civil servant salaries.

"The KRG will start implementing the duties they have as per the law, and will notify the responsible offices to do their part," KRG's Finance Minister, Awat Sheikh Janab, wrote in a letter to the Iraqi Ministry of Finance obtained by Rudaw English.…

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