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The independence of the Central Bank of Iraq and its role in some of the economic variables | ||
| Al Kut Journal of Economics Administrative Sciences | ||
| Article 1, Volume 0, Issue 11, 2018, Pages 80-104 | ||
| Author | ||
| prof maeh alshmary and kalib shaker bket | ||
| Abstract | ||
| Abstract Play monetary policy a central role in influencing economic activity, and is usually this effect varied between countries that adopt such policies, as support of this effect on the nature of the behavior of the monetary policy pursued by the central bank and its framework, and the most important determinants of the effectiveness of monetary policy is the extent to identify the bank Central to the operational objective of this policy and the structure of the economy, as well as the nature and effectiveness of the impact of monetary policy tools. Since 2003, Maatmkhadd him from the political and economic changes, it is necessary to bear the monetary policy brunt in the process of achieving monetary stability and stop inflation unbridled, since March the Iraqi Central Bank a central role in achieving those goals, it was able to reduce the rate of inflation and achieve relative stability in the exchange rate of the local currency, thanks to ماقام by the central development of new tools Kmzad foreign currency, and existing facilities, as well as its role in reducing the total external debt through independence that gave him the right to international representation, also achieved the central important achievement in terms of building a solid base of reserves foreign, which represents a safety valve to protect the country from events and emergency economic crises, and enhance confidence in the local currency internally and externally. But those achievements in environmental cash not passed its effects are clearly some real variables in the local economy, Reaffirming the official data to lower the ratio of investment to GDP to the lowest level, which is due to the diversity of economic imbalances plaguing the markets in the country, and the rigidity of the sector the real and the weakness of its contribution to the GDP, as well as the low indicators of the business environment and lack of. | ||
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