Kurdistan PM, Iraq’s Central Bank Governor Discuss Digital Finance Reforms and Cash Reduction Plan
Prime Minister Barzani reaffirmed his government’s commitment to expanding digital payments to boost transparency, efficiency, and economic growth.
ERBIL (Kurdistan24) — Kurdistan Region Prime Minister Masrour Barzani received the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, on Wednesday for senior-level talks centered on accelerating financial sector reforms and boosting digital transformation initiatives in the Kurdistan Region.
The two leaders reviewed the progress of Iraq’s national digital finance campaign, including the “My Account” (in Kurdish: Hezhmari Min) project and the ongoing digitalization of government services. Both sides emphasized the importance of reducing the use of physical cash in the market and advancing secure digital payment systems.
Prime Minister Barzani reaffirmed his government’s strong commitment to continuing and expanding the digital payment transformation strategy across the Kurdistan Region, underlining its role in ensuring transparency, efficiency, and long-term economic development.
He also expressed his gratitude to the Central Bank Governor for the institution’s continued support of the Kurdistan Regional Government’s (KRG) financial reform agenda, especially efforts aimed at modernizing public finance management and promoting banking sector integrity.
Barzani praised Governor Al-Alaq’s broader initiatives to reform Iraq’s banking system, describing them as vital for restoring public trust and attracting both domestic and foreign investment.
In conclusion, the Prime Minister reiterated the KRG’s readiness to coordinate with institutions operating within the legal and regulatory framework of the Central Bank of Iraq, ensuring that reforms are implemented in a unified and effective manner.
