Iraq’s KRG employees to receive salaries via Trade Bank of Iraq

Baghdad (IraqiNews.com) – The Trade Bank of Iraq (TBI) announced on Wednesday that government employees in Iraq’s Kurdistan Regional Government (KRG) will receive their salaries through the bank.

More than one million government employees in the KRG will enjoy digital banking services provided by six Iraqi private banks, according to Rudaw News.

Since January 2024, the federal government in Baghdad has been paying the salaries of the KRG employees but has not agreed to use My Account, a KRG banking initiative. Baghdad aims to use Tawtin, a version of its own banking program.

TBI revealed that once officials in Iraqi Kurdistan provide the lists of names of the KRG employees, it will start paying their salaries through the Tawtin initiative.

In late April, the Iraqi Prime Minister, Mohammed Shia Al-Sudani, met in Baghdad with the President of the Kurdistan region of Iraq, Nechirvan Barzani, to discuss important issues and measures taken by the government in the sectors of service and development to improve services provided to citizens throughout the country.

The two sides emphasized the significance of maintaining positive discussions on common issues between the federal government and the KRG.

Al-Sudani viewed Barzani’s visit as a start in the right direction toward resolving all outstanding issues.

Barzani conveyed gratitude for Al-Sudani’s endeavors and persistence in fostering dialogue and contact with different national forces, with the aim of enhancing political stability.