PM Masrour Barzani, Central Bank of Iraq Governor discuss 'MyAccount', banking reforms
The meeting focused on the progress of the Kurdistan Region's banking reforms and the "MyAccount" project, a key initiative aimed at digitizing salary payments for public sector employees.
ERBIL (Kurdistan 24) – On Monday, Kurdistan Region Prime Minister Masrour Barzani met with Ali Mohsen al-Alaq, the Governor of the Central Bank of Iraq, in Erbil.
The meeting focused on the progress of the Kurdistan Region's banking reforms and the "MyAccount" project, a key initiative aimed at digitizing salary payments for public sector employees.
Prime Minister Barzani highlighted the significant strides made in banking reforms and noted that over half a million public sector employees have already registered for the "MyAccount" project. He also shared that, starting next month, salaries for 200,000 individuals will be disbursed through this digital platform.
Both parties emphasized the importance of continued collaboration on the "MyAccount" project, with the Central Bank providing crucial support and oversight.
Prime Minister Barzani expressed his gratitude to Governor al-Alaq for his strong backing of both the "MyAccount" initiative and the broader banking reforms in the Kurdistan Region.
The discussions also touched upon the growing interest from local and international financial institutions in partnering with the KRG on its financial strategy.
Today, I thanked @cbiraq Governor Ali Al-Alaq and his team for backing #MyAccount.
— Masrour Barzani (@masrourbarzani) September 9, 2024
More than 500,000 KRG beneficiaries have registered, and next month 200,000 will be paid digitally.
That’s almost 20% of the payroll now bankable.
Target: 1 million registrations. pic.twitter.com/clQdCoREf8
They underscored the importance of accelerating financial inclusion in the Kurdistan Region, aligning with the strategic objectives of the Central Bank of Iraq and its efforts to modernize and digitize the banking sector.
This meeting underscores the commitment of both the Kurdistan Regional Government and the Central Bank of Iraq to working together to drive economic progress and financial stability in the region.
