Another 15 thousand employees in the Kurdistan Region receive their salaries through “My Account”

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[size=52]Another 15 thousand employees in the Kurdistan Region receive their salaries through “My Account”[/size]

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May 19, 2024
Another 15,000 employees in the Kurdistan Region are scheduled to receive their salaries for the month of April through the “My Account” project, today, Monday, after 25,000 had previously received their salaries in the same way.[/size]
[size=45]The deputy official in the office of the Prime Minister of the Kurdistan Region, Aziz Ahmed, said that 15,000 employees in the region will receive their April salaries today, Sunday, and tomorrow, Monday, through the “My Account” project.[/size]
[size=45]There are currently 231 automated teller machines (ATMs) available throughout the Kurdistan Region, and the regional government says that the number will reach about 1,000 machines by the end of the current year 2024.[/size]
[size=45]According to statistics from the My Account Project team, more than 400,000 employees from various Kurdistan Regional Government institutions participated; 200,000 of them got their bank cards.[/size]
[size=45]According to statistics from the Ministry of Finance and Economy of the Kurdistan Regional Government, the number of employees throughout the region is 1,114,194 employees, with their total monthly salaries estimated at approximately 913 billion dinars.[/size]
[size=45]Account project:[/size]
[size=45]“My Account” is one of the long-term initiatives of the ninth ministerial formation, which is represented in the electronic transformation of public services, achieving greater prosperity for citizens, and facilitating business.[/size]
[size=45]“My Account Initiative, launched by Prime Minister Masrour Barzani on February 28, 2023, includes a number of advantages and benefits, both for citizens and for the economy of the Kurdistan Region, which are:[/size]
[size=45]For citizens:[/size]
[size=45]Ease of handling and safety of accounts, because the financing of salaries will be regular and will be paid in a timely manner and without queues, in addition to reducing the risk of theft of salaries and savings.[/size]
[size=45]For financial products:[/size]
[size=45]Generate additional income by putting idle (immobile) money into savings, purchasing goods or financing personal expenses through soft loans, in addition to enhancing financial culture.[/size]
[size=45]For digital payments:[/size]
[size=45]Payment through the “online” system to purchase goods and services available on the Internet, via bank cards, the possibility of transferring money between different accounts via phone applications, and receiving international transfers without the need for banking and transfer offices.[/size]
[size=45]Regarding the economy of the Kurdistan Region:[/size]
[size=45]Increasing the local product as a result of citizens’ participation in the banking sector, raising the rate of consumer spending due to the increase in the proportion of individual loans, creating job opportunities in the banking sector, reducing dependence on cash transactions, raising government performance and transparency, and including digital payments within public services.[/size]
[size=45]During a special meeting at the Fourth Middle East Peace and Security Forum, which was hosted by the American University of Duhok on November 19, 2023, Prime Minister Masrour Barzani expected that more than one million government employees would register in the “Hasbi” project by the end of 2024.[/size]
[size=45]The number of banks participating in the “My Account” project so far is seven banks, which are: RT Bank - Cihan Bank - Bank of Baghdad - Bank of Beirut and Arab Countries BBAC - National Bank of Iraq (BNI) - Islamic Bank of Iraq (IIB) - Bank of Iraq. Trade (TBI).[/size]
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