Salary Localization Project

The project of reforming the payment mechanism for employees of the institutions and
the government departments

This project aims to pay salaries to state employees through cards issued
by banks operating in Iraq. The project aims to reduce the total cost of paying salaries
and maintaining cash within the banking system.

Employees benefit from obtaining a bank account that enables them to deal
with all ATM machines and points of sale inside the country.

As well as the benefit of all other banking services offered by banks such as access to loans and others,

In addition to the use of cards from safety rather than keeping cash, and that the strategy
of this bank in creating a competitive environment safe for banks to provide And that the
employee has the right to choose the bank according to the best financial and banking
services and the most suitable prices.

Banks contributing to the project of settling salaries:

(Bank of Iraq, Bank of Baghdad, Byblos Bank, Middle East Bank, Lebanese Credit Bank,
Gulf Bank , The South Islamic Bank).

Project Documents

The decision of the General Secretariat of the Council of Ministers in their books numbered 10/1/1/29805, TR / 4/22631, SG / 10/1/5/27448 dated 2/11/2016 and 17 / 7/2017 and 23/8/2017 ...

The form of the legal agreement that the ministries can adopt as a guiding model when contracting with the relevant authorities ... To download click here
The payroll file format to be issued by the system of salaries ministries and institutions to be adopted in the transfer of funds through the payment system in a safe and efficient ...

Article Credit: https://cbi.iq/news
Special Thanks to Vernell Washington!