Future scenarios for the Indicator of selling foreign currency in Iraq for the period (2020q1-2025q4)
Mohammed K Abdullah and Najlaa S Madlul
The foreign currency selling has become the appropriate land in determining the exchange rate that the monetary policy which aims to and adopts, establishing a nominal anchor or of monetary policy in order to achieve its ultimate goal represented by stabilizing the general level of prices and reducing inflationary. As the foreign currency sale window contributed to achieving a balance between the local currency supply (demand for foreign currency) and the local currency demand (foreign currency supply), which led to improvement and stability of the dollar / dinar exchange rate The Central Bank of Iraq started executing the outside money deal window on 4/10/2003 and it has proceeded until presently, as the Central Bank of Iraq has gotten to be a central showcase for remote money, and the Central Bank of Iraq has received the overseen coasting strategy of the Iraqi dinar trade rate. The objective of the window is to diminish variances within the esteem of the Iraqi dinar against the US dollar, and to surmised the genuine trade rate from its ostensible level after the Iraqi dinar endured from a assortment in its exchange rates some time recently 2003, because it come to (13) the trade rate of the Iraqi dinar, and the Central Bank was able Iraqi has built outside cash saves that surpassed the IMF's desires of around (10) billion dollars in arrange to guarantee the state of monetary solidness. From this point of view, the investigate centered on the window for offering the outside money in arrange to confirm the impact that the window influenced on the components of budgetary solidness, both for the banking sector and non-financial institutions. The research reached a set of conclusions and recommendations.
Mohammed K Abdullah, Najlaa S Madlul. Future scenarios for the Indicator of selling foreign currency in Iraq for the period (2020q1-2025q4). Int J Finance Manage Econ 2024;7(2):241-245. DOI: 10.33545/26179210.2024.v7.i2.369