Baghdad: Prime Minister Mohammed Shia Al-Sudani has directed the implementation of several measures aimed at enhancing and developing electronic payment systems and services. The initiative seeks to modernize financial transactions across various sectors in Iraq.

According to National Iraqi News Agency, the Prime Minister’s media office released a statement outlining Al-Sudani’s directives. One significant measure includes the localization of private sector employee salaries, aligning them with the government sector. The Ministry of Labor and Social Affairs, along with the Central Bank of Iraq and several private sector institutions, have been tasked with devising a suitable mechanism to achieve this objective.

Additionally, Al-Sudani instructed ministries and government institutions to transition from cash payments to electronic systems for collections and related transactions. Each ministry or government entity is required to submit an integrated plan for this transition by December 31, 2024, with full im
plementation expected by July 1, 2025.