Dr.. Amer Al-Adh *: Analysis and criticism of monetary policy in Iraq
by Iraqi Network of Economists
- Posted on 06/06/2018
الملخص يسعى هذا البحث الى تلخيص وجهات النظر حول السياسة النقدية العراقية. وجد هذا البحث علاقة عكسية بين دعم صرف الدولار ومستوى الاسعار. وشخصت هذه العلاقة العكسية بان تخفيض سعر […]
This paper seeks to summarize views on Iraqi monetary policy.
This research found an inverse relationship between the support of the dollar exchange rate and the price level.
The reverse relationship was characterized by the reduction of the dollar exchange rate by one thousand dinars raises the price level by an estimated 690 Iraqi dinars.
This means that the policy of monetary sterilization is counterproductive to the desired policy of fighting inflation.
This conclusion is based on data between 2010 and 2015 issued by the Central Bank of Iraq, and the direct cost of the dollar support policy was set at at least 11,062,702,152.15 (more than eleven billion) US dollars.
The main cause of inflation in the Iraqi market is the real side and the high cost of production, employment, incomes, and commodity flows, because of the lack of rule of law and low productivity.
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Amer al-Adadh - criticism of monetary policies in Iraq – edited