Shafaq News / The Iraqi Bank for Trade announced on Sunday the signing of an accounting project contract for the Emiratization of the salaries of the region’s employees between the bank and the Kurdistan Regional Government of Iraq.
A statement from the bank said that this contract came “according to the decisions of the Federal Supreme Court and based on the directives of Prime Minister Mohammed Shia Al-Sudani on the need for the participation of the Iraqi Trade Bank in the process of localizing the salaries of our people from the employees of the Kurdistan Region of Iraq.”
The “Hebe” project allows the employee the freedom to choose the bank in which he wishes to open his account, but in the “Emiratization” project, a specific bank for the employee is determined by an agreement between the ministry, the accounting unit and the bank.
Six private banks participate in the “Hesabi” project, while 5 public banks belonging to the state and 38 private banks participate in the “Emiratization” project.
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