The Ministry of Finance and Economy in the Kurdistan Regional Government called on Sunday on employees and workers in the public sector to rush to register in the biometric system before the twentieth of next November, warning them that the Federal Ministry of Finance will stop the salary of anyone who does not have a biometric code.
Region and the Ministry of Finance in the federal government regarding the issue of resolving The ministry said in a statement today that based on the agreements and understandings concluded between the Ministry of Finance and Economy in the Kurdistan technical problems related to the payroll of Kurdistan Regional Government employees, the following must be done:
First: All employees, retirees, people with special needs, and heirs of martyrs who have not registered themselves in the biometric system must register before the date (11/20/2024).
Second: The decision to register in the biometric system includes all employees and salary recipients who are abroad for various reasons, or on unpaid leave, study, etc.
Third: Every employee or person receiving a salary in the Kurdistan Regional Government who does not have a biometric code until the date (11/20/2024) will have his salary stopped by the Ministry of Finance in the federal government, and he will bear responsibility for that.
(Oh Gee Whiz…. I can remember saying years ago the way to get citizens to enter the banking system is to force them to automatic deposit of salaries. Being that over 90% of the citizens are on govt salaries, pensions, etc. this will help in getting some amount of capital into the banks for liquidity. The next move, once they have accounts, is to give the an incentive to deposit their stashes of cash in their accounts. This move also helps solve much of the fake salries issue with Kurdistan. Southern Baghdad is already on electronic banking.)
