At a Glance

• 1.14 million employees are enrolled in MyAccount, covering 99% of the workforce.
• Over 11 trillion dinars were transferred through MyAccount, and another 62 billion dinars sit in project accounts.
• Total card distributions reached 1.07 million, enabling 1.02 million users to receive salaries digitally.
• Seven participating banks manage 718 ATMs across 200 locations, with a goal to expand to 1,000 ATMs.

Salaried employees in the Kurdistan Region have transferred more than 11 trillion dinars through the MyAccount financial project, which has now registered 99 percent of the total workforce.

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Key Statements and Focus Area

• According to data released by the MyAccount project, 1.14 million salaried employees have been registered, with card distributions reaching 1.07 million.
• Project officials confirmed that beneficiaries retain the right to switch to any preferred participating bank at any time. Management also assured that efforts remain ongoing to register outstanding personnel and distribute remaining financial cards.

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Based on the latest official figures from the government initiative, the number of people who have received their salaries digitally stands at 1.02 million, reaching 90% of salaried employees.

An additional 62 billion dinars is currently held within the initiative's participating bank accounts.

The project states that the goal is to increase the cash withdrawal machines to 1,000.

The participating banks in the MyAccount project are seven banks, which have 718 ATMs in 200 different locations across Kurdistan Region.

ATMs of banks within MyAccount are:

• RT Bank – 205 ATMs
• Cihan Bank - 177 ATMs
• National Bank of Iraq - 158 ATMs
• Iraqi Islamic Bank - 121 ATMs
• Bank of Baghdad - 30 ATMs
• Trade Bank of Iraq - 21 ATMs
• BBAC Bank has only 6 ATMs

Beneficiaries of the MyAccount project:

• Civilian employees number 398,293 people.
• Pensioners number 313,844 people.
• Military salary earners number 237,763 people.
• Salary earners of martyrs' families are only 66,390 people.

Salary reception according to provinces:

• Erbil province: 422,130 salary earners, making up 41.5%.
• Slemani: 372,194 salary earners, making up 36.6%.
• Duhok: 196,741 salary earners, making up 19.4%.
• Halabja: only 25,225 salary earners, making up 2.5%.

FYI

The MyAccount initiative is a comprehensive financial inclusion program launched by the Kurdistan Regional Government to transition public sector payrolls from cash to digital banking. 

Operating under the guidelines of the Central Bank of Iraq, the project modernizes the financial sector by integrating civilian employees, military personnel, and pensioners into the formal banking system. 

Beneficiaries are granted the freedom to select or switch between multiple accredited private and public retail banks participating in the program. 

To support this digital transition, the initiative has rapidly expanded the region's financial infrastructure by installing hundreds of ATMs across diverse urban and rural zones. 

Ultimately, the project aims to reduce administrative overhead, mitigate cash-handling risks, and foster a broader cashless economy through integrated digital payment platforms.

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