AJ
Al-Nasiri confirms the Central Bank's methodology for banking reform and development that contributes to accelerating Iraq’s accession to the World Trade Organization Samir Al-Nassiri, the economic and banking advisor, during his participation in the specialized workshop held by the Ministry of Commerce to discuss the organization of Iraq to the World Trade Organization,
stressed the role of the banking sector in contributing to accelerating the organization and the important role of the financial and banking sector in it and referred to the investigator in 2023 and 2024 of the procedures Carried out by the central bank in cooperation with the government mainly with regard to regulating foreign trade financing and the electronic platform Direct between banks and global correspondent banks
(
ending the currency auction Dec 31,2024) based on the approved reform and development methodology, official data and monetary policy indicators for 2024 and planned for 2025 and 2026 in cooperation with international consulting firms specialized in this field and compliance with financial globalization and standard international standards adopted in member countries of the World Trade Organization.
Al-Nasiri explained about the most prominent axes of the banking reform project launched by the Central Bank this month in the presence and participation of the Prime Minister.
He drew attention to the war of the customs duties launched by the American administration and its effects in the medium and long term on the principles of standardization of fees. (Non oil revenues)
KMC for the member states of the organization, and what are the means of confrontation that will be adopted by the World Trade Organization and the Alkat Organization for the regulation of customs duties at the international level.
The workshop was held in the presence of the members of the governmental national committee concerned with the organization, in which Iraq currently occupies the status of observer with 21 other countries with 166 countries with full membership. In addition to the presence of representatives of the relevant ministries, the private sector and unions.