The Central Bank of Iraq’s Governor, Ali Mohsen Al-Allaq, met the United Nations Development Programme (UNDP) Resident Representative in Iraq, Teton Mitra, to discuss cooperation focused on advisory and technical support for the regulatory framework governing e-commerce, including technical controls aimed at consumer protection and supporting a safe environment for digital economy growth. The discussion also covered progress in digital transformation for electronic transactions across trade and services and efforts to reduce reliance on cash. The Central Bank highlighted the importance of advisory and technical cooperation with international and regional organizations and referenced its banking sector reform plan, including cooperation with Oliver and Ayman Company. UNDP’s Resident Representative welcomed the cooperation and pointed to the Central Bank’s reform plan as supporting stability in the banking sector and, in turn, economic and commercial activity in Iraq.
Central Bank of Iraq 2025-09-08
Central Bank of Iraq expands cooperation with UNDP on e-commerce regulatory controls and banking sector reform
The Central Bank of Iraq's Governor met with the United Nations Development Programme's Resident Representative to discuss cooperation on enhancing the regulatory framework for e-commerce, focusing on consumer protection and digital economy growth. The meeting also addressed digital transformation in electronic transactions and the Central Bank's reform plan, which aims to stabilize the banking sector and boost economic activity.