Kurdistan Region Deposits May Non-Oil Revenues in Iraq Finance Ministry Account

The Kurdistan Regional Government (KRG) said it has deposited the Kurdistan Region’s non-oil revenues for May into the Iraqi Ministry of Finance’s bank account, in a move involving 50,000,000,000 Iraqi dinars and the federal banking system in Erbil. The transfer is part of the region’s monthly revenue arrangements with Baghdad and carries direct fiscal significance for federal budget coordination. The KRG Ministry of Finance and Economy said in a statement today that the Kurdistan Region’s non-oil revenues for May were deposited into the Iraqi Ministry of Finance’s bank account. It said the payment was made in cash in line with a decision by the ministry. According to the statement, 50,000,000,000 Iraqi dinars were delivered as May non-oil revenues. The funds were deposited at the Federal Government Ministry of Finance’s bank account at the Central Bank of Iraq’s Erbil branch. The announcement did not provide additional details on the composition of the revenues or any related administrative steps beyond the deposit itself.