The Central Bank announces the submission of the “system paper” to the Council of Ministers regarding the regulation of electronic commerce

Baghdad-INA  
The Central Bank of Iraq announced, today, Sunday, the submission of a “regulation paper” to the Council of Ministers regarding the regulation of electronic commerce in Iraq.
 
The Central Bank said in a statement received by the Iraqi News Agency (INA): “The Governor of the Central Bank, Ali Mohsen Al-Alaq, chaired the meeting of the Diwani Order Committee (24079) to regulate electronic commerce in Iraq with the participation of the relevant authorities.”
  "During the meeting, a draft system for electronic commerce and consumer protection was discussed through the controls discussed by the attendees, through registration procedures and obtaining a license to practice this trade," pointing out that "the committee contributed to defining the service provider and granting it a license through an electronic platform established by the Ministry commerce.”
The members of the committee stressed “establishing the controls for granting a license to those wishing to practice e-commerce in a way that preserves the rights of all parties.”
The attendees agreed to submit the “system paper” to the Council of Ministers for review and approval to proceed with work on it.