The Kurdistan Regional Government (KRG) Ministry of Finance and Economy announced on Wednesday that more than 900,000 public sector employees – representing 75% of the workforce – have registered for the KRG’s financial inclusion program, MyAccount.
“This marks a major step in the KRG’s goal to bank over one million people through banks licensed and approved by the Central Bank of Iraq (CBI). The MyAccount program is implemented in full coordination with CBI, with eight partner banks now onboarded,” the KRG said.
KRG Prime Minister Masrour Barzani announced the MyAccount program in February 2023 as part of the Ninth Cabinet’s strategy to modernize banking services and reduce dependence on cash by digitizing the payroll process for its 1.2 million public sector employees.
New all-time MyAccount record!
— Hassan Wishyar Bazzaz (@HassanWishyar) September 1, 2025
This Month,
?465,000 governmental employees are receiving salaries digitally, including 20,000 pensioners.
? A 16% increase in employees receiving digital payments compared to last month!#StrongerKurdistan ?#هەژماری_من#MyAccount pic.twitter.com/prCBwVWm6t
The KRG’s MyAccount project aims to utilize advanced digital technologies to effectively and efficiently accelerate bank account creation for government employees by preparing their data – including their identity documents, personal picture, and signature – to fully comply with the CBI’s Know Your Client requirements
The KRG also said that this month, more than 465,000 beneficiaries will receive their salaries electronically through all of the partner banks.
“Citizens enjoy access to cash withdrawals from a growing network of bank branches and nearly 450 ATMs deployed across the Kurdistan Region,” the KRG said.
