KTFA

FRANK26: "BARZANI WAITS FOR THE NEW EXCHANGE RATE.".......F26

Two months of financial silence: Kurdistan freezes spending amid a storm of crises

6/24/2025

 - Kurdistan

The Ministry of Finance and Economy in the Kurdistan Region directed all banks, today, Tuesday (June 24, 2025), to suspend all types of exchange for a period of two months, starting today.

An informed source told Baghdad Today that "the ministry issued an official directive to all banks to suspend all forms of exchange for two months, without providing any explanation for the decision."

The decision by the Kurdistan Region's Ministry of Finance and Economy comes amid complex financial and economic conditions facing the region. The region is suffering from an ongoing crisis in securing salaries and financial dues, as well as ongoing disputes between the regional government and the federal government regarding oil and the budget.

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