The Prime Minister of the Kurdistan Region, Masrour Barzani, paid a visit to the Directorate General of Police in Erbil today to monitor the progress of the "My Account" project, a digital initiative aimed at revolutionizing financial transactions and salary distribution within the region. During his visit, the Prime Minister highlighted the potential benefits of the project not only for the Kurdistan Region but for the entire nation of Iraq.

In a statement, Prime Minister Masrour Barzani outlined the key objectives and achievements of the "My Account" project:

The "My Account" project is set to streamline the distribution of salaries for public sector employees, greatly simplifying this critical process.

The project is on track to expand its scope, encompassing the private sector, which promises to bring its advantages to an even wider audience.

The expansion of the "My Account" project is expected to boost tourism as the use of bank cards over cash becomes more prevalent, a convenience welcomed by tourists.

Prime Minister Barzani expressed his optimism for the project, which has already seen significant progress. The project began with a pilot phase in one of the region's hospitals a few months ago, with its success continuing. The second phase saw the official announcement of registration, which commenced on September 3 of the previous year and has already seen over 65,000 individuals enrolled.

Barzani also shared his hope that "My Account" would ultimately include all public sector employees within two years. Efforts are ongoing to cooperate with banks for further expansion, with three banks already participating in the initiative.

The registered participants in the project will soon receive bank cards from the participating banks, making it easier for them to access their funds from ATMs, simplifying daily transactions, reducing corruption, and money laundering while ensuring timely salary disbursements.

The Prime Minister stressed that the digital transformation of the banking system in the Kurdistan Region will substantially improve economic stability. This, in turn, will positively impact the lives of the region's citizens and enhance the efficiency of financial institutions.

Moreover, he expressed his commitment to collaboration with the federal government, Prime Minister, and the Governor of the Central Bank of Iraq. He emphasized that the success of the "My Account" project in the Kurdistan Region will have positive ripple effects throughout the entire nation of Iraq. The federal authorities have shown their support and offered various facilitations for the project's success.

In conclusion, the "My Account" project is not only seen as a regional achievement but a potential game-changer for the broader Iraqi financial landscape. As the project expands and gains traction, it is expected to modernize financial transactions and contribute to the economic well-being of both the Kurdistan Region and the nation as a whole.