Two federal banks express their readiness to pay the salaries of Kurdistan employees. Document
Shafak News / The two government banks “Al-Rashid and Al-Rafidain” announced on Wednesday their full readiness to disburse the salaries of employees of the Kurdistan Region, in case of sending salary lists by the Federal Ministry of Finance without any obstacles.
“On January 20, 2025, the Iraqi Ministry of Finance issued an official book bearing the number (268) that included a joint response to Al-Rashid and Rafidain banks on the procedures for paying the salaries of the employees of the Kurdistan Region,” said Suran Omar, MP for Shafmaniyah province.
In the same context, Al-Rasheed Bank issued an official letter on January 19, 2025 No. (373), in which it affirmed its full readiness to disburse salaries, pointing out that it is waiting for the completion of the necessary agreements with the competent authorities. He also explained that the process of localizing salaries will be through a special banking application that allows employees to receive exchange cards through their mobile devices, while salaries will be distributed through the bank’s branches or approved private banking channels.
For Rafidain Bank, it confirmed in its letter issued on January 19, 2025 No. (3/1/128) its readiness to pay the salaries of the region’s employees, pointing to the provision of bank card issuance services, including international MasterCard and local cards, to enable employees to receive their salaries easily through approved private banks.
The salary file of Kurdistan Region employees is witnessing ongoing challenges as a result of financial disputes between the region and the federal government in Baghdad, and despite repeated agreements between the two parties, the process of disbursing salaries sometimes faces delays related to administrative and technical procedures.
In this context, government banks, such as Al-Rasheed and Al-Rafidain, seek to provide modern banking solutions to facilitate the disbursement process and reduce dependence on cash, through the issuance of bank cards and the adoption of digital applications for the localization of salaries.
