The impact of monetary policy to stabilize the foreign exchange rate In Iraq, for the period (1990 - 2012)

	The impact of monetary policy to stabilize the foreign exchange rate In Iraq, for the period (1990 - 2012)
Al Kut Journal of Economics Administrative Sciences
Article 1, Volume 0, Issue 17, 2018, Pages 121-154
Abstract
Abstract Studies that deal with the subject of exchange price are rather few because it has varieties and complexities in the process of research. This subject is vital that means it is permanently changed and replaced, therefore; the process of change happens permanently and continuously in it. So, this study tries to study the exchange price and the influential factors in it and the scope of support of the monetary policy to it throughout using its tools to keep the stability of Exchange Price for the Iraqi Dinars towards foreign currencies and the future expectations of it. The problem of the research is related to the inactivity of monetary policy in the Iraqi Economy Environment that directly affects the instability of foreign exchange price. The study has proved that using monetary policy tools indirectly which means currencies auction can keep the stability of the exchange price for a long period especially after conversion. Also, it is regarded as a main target of the monetary policy goals, and have been shown the main influential factors of exchange price of the Iraqi Dinar "cash offering and general domestic product" relying on the research goals, the researcher has divided her research into three chapters and each chapter has three parts with conclusions and recommendations. The first chapter talks about "frame concepts of central banks, monetary policy and exchange price", the second chapter deals with "analyzing the influential economical factors on exchange price with an analysis of influential factors of exchange price to the Iraqi Dinar" and the third chapter is about "measuring these factors and illustrating their application with the analysis and economical theory logic." The study has reached to a set of conclusions and recommendations, the most important conclusions are: • The exchange price is the one that the domestic economy with the global one, it is regarded as the reflecting mirror of the trade position of the state in the outer world. The formation of general domestic product or the general imports and exports of the state. The recommendations are as follow: • Continuing in the manageable evaluation system that is applied by the Central Bank now due to the weariness of the structures in the country, until they are being empowered by these sections. • Working on the variations of income sources in the country, and working on increasing the value of the exchange price of the Iraqi Dinar throughout using currency auctions.

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