Iraq's parliament voted on Tuesday on "a formula to halt financial transactions" with the Kurdish Regional Government (KRG) in retaliation for last week's independence referendum, Iraqi State TV said, without specifying if vote was binding on the government.
The formula would "preserve the interests" of Kurdish citizens, the channel said, hinting that the measures would target the Kurdish leadership.
The channel gave no further details.
Erdoğan to visit Iran to discuss regional issues
President Recep Tayyip Erdoğan will pay an official visit to Tehran on Wednesday to discuss bilateral relations as well as regional and global issues, according to the president's press office.The visit comes upon the invitation of Iranian President Hassan Rouhani, a statement on Tuesday said.During the visit, Erdoğan is scheduled to meet his Iranian counterpart and the country's religious leader Ayatollah Khamenei.The leaders are expected to have talks over current regional and international issues, and in particular Iraq and Syria, the statement said.Turkey will impose further sanctions against KRG, Erdoğan saysErdoğan and Rouhani will also co-chair the fourth meeting of Turkey-Iran High Level Cooperation Council.The first HLCC meeting was held in Turkish capital Ankara on June 9, 2014, when Erdoğan and Rouhani emphasized the importance of improving economic and commercial relations "which will further the well-being of the peoples of their region and contribute to the improvement of regional stability."On Monday, Turkish Chief of General Staff Gen. Hulusi Akar was received at the presidential palace in Tehran. He also met his Iranian counterpart, Maj. Gen. Mohammad Bagheri.Iran, Turkey look to enhance tiesThe two countries agreed that cooperation between the Turkish and Iranian armed forces should be strengthened in the areas of human trafficking, drug trafficking, and ensuring regional security.They also reached a consensus on the fight against terrorism and border security.Wednesday's visit aims to develop political dialogue and cooperation with Iran with which Turkey enjoys "good neighborly relations, and deep-rooted historical and cultural ties."Rouhani had last visited Turkey on April 16, 2016.Barzani engaging in ‘open provocation’
Baghdad suspends KRG MPs from Iraqi parliament
The Iraqi parliament announced on Tuesday that it has suspended the memberships of all Kurdistan Regional Government’s (KRG) members of parliament.The parliament's move came after an illegitimate independence referendum was held by the KRG on Sept. 25. Iraq parliament votes to halt transactions with KRGTurkey will impose further sanctions against KRG, Erdoğan saysIraq's territorial integrity 'indispensable for Turkey'Barzani engaging in ‘open provocation’
Turkey will impose further sanctions against KRG, Erdoğan says
Turkey will impose further sanctions on the Kurdistan Regional Government (KRG) over its illegitimate independence referendum, President Recep Tayyip Erdoğan said on Tuesday."We are managing with some embargoes in northern Iraq for now, but if they don't come to their senses, this will continue increasingly," Erdoğan told lawmakers from his ruling AK Party.“Any incident taking place in Syria and Iraq is not independent from us, they are linked directly to our domestic affairs," Erdoğan added.Iraq's territorial integrity 'indispensable for Turkey'The illegitimate Sept. 25 referendum saw Iraqis in KRG-controlled areas -- and in a handful of territories disputed between Erbil and Baghdad, including historical Turkmen city of Kirkuk and Mosul -- vote on whether to declare independence from Iraq's central government.The referendum had been sharply criticized by most regional and international actors, many of whom had warned the poll would further destabilize the Middle East.Barzani engaging in ‘open provocation’Decline in interest ratesErdoğan also evaluated Turkey's recent economic indicators, calling for a further decline in interest rates and attractive market rates for investors.“Decline of interest rate is still not at desired point. If we cannot have the rates drop further then many troubles await us,” he said.He added that investment and employment would not increase if interest rates hover at around 20 percent.According to Undersecretariat of Treasury, annual simple and compound interest rates were 10.56 and 10.84 percent, respectively.Turkey's consumer prices went up by 11.20 percent in September compared with the same month last year, according to the Turkish Statistical Institute (TurkStat).In September, the monthly rate of change in the consumer price index was 0.65 percent, up from 0.52 percent in August.The annual increase in consumer prices was 10.68 percent in August, which increased by 7.29 percent since December 2016.Since the beginning of this year, the annual inflation saw the lowest level in January -- 9.22 percent -- and hit the highest level at 11.87 in April.The government aims to reach 5 percent inflation in 2020, down from 8.5 percent in 2016, and is predicted to be at 9.5 percent by the end of 2017, in accordance with the country's medium-term program announced on Sept. 27.Turkish FM says 'not too late' for KRG to 'step back'Iraqi-Kurd opposition in N. Iraq defies ruling parties