Trade Bank of Iraq clarifies regarding the Salary Domiciliation for Iraq Kurdistan Region Employees

Trade Bank of Iraq clarifies regarding the Salary Domiciliation for Iraq Kurdistan Region Employees

Press Release

Iraq – Baghdad

May 14, 2024

Due to numerous inquiries that we received about the mechanism for the salary domiciliation for the Iraq Kurdistan region employees in Trade Bank of Iraq.

We affirm our commitment to the decision of the Federal Supreme Court regarding the salary domiciliation for the Iraq Kurdistan region employees, which stipulates the domiciliation of the salaries of employees of Kurdistan with federal government banks operating outside Kurdistan, as the participation of TBI shall be within the government banks based on the decision of the Federal Supreme Court regarding the domiciliation of the salaries of employees of the Iraq Kurdistan Region. 

We would also like to confirm that Trade Bank of Iraq (TBI) has the high and solid practical ability to complete the process of domiciliation the salaries of employees of the Kurdistan who wish to choose our bank among the government banks participating in the process of domiciliation the salaries to serve our people in the Kurdistan Region, and that the bank is still waiting for the Iraq Kurdistan Regional Government to send lists of names. The employees whose salaries will be domiciled with their supporting documents attached, so that the implementation of the salary domiciliation process can begin and proceed.