The Iraqi Private Banks League organized a workshop on “Mechanisms for Localizing Salaries of Private Sector Employees,” in the presence of the Director General of the Retirement and Social Security Department for Workers, Kholoud Heyran, alongside representatives from the Central Bank of Iraq, banks, and electronic payment companies.

The initiative aligns with Prime Minister Mohammed Shia Al-Sudani’s decision to localize private sector salaries, aiming to enhance financial inclusion, increase bank accounts, and expand financial services for citizens.

Participants emphasized the importance of continued collaboration among all stakeholders to ensure the project’s success and achieve its goals in supporting the banking sector and national economy.

Public sector salary localization has been successfully implemented by banks within the designated timeframe, and banks are now prepared to engage with private sector companies to localize their salaries in a way that ensures the smooth running of the process and facilitates it for citizens.