Hussein Atwan Mahoos * Bilal Qasim Mohammed **: Comment on the article d. Amer Al-Adadh, "Analysis and criticism of monetary policy in Iraq".
by Hussein Atwan
- Published on 29/06/2018
Dr. Amer al-Adaz published in the network of Iraqi economists  on 06/06/2018 an important subject and a major debate in the Iraqi economic arena.
Price stability is a gateway to economic growth,
and central banks have always taken price stability as their primary objective through monetary policy with their various instruments to provide an environment conducive to economic growth.
This is what Iraq's monetary policy has provided by stabilizing the nominal stabilizer.
Under a deeply deficient financial system and high bank liquidity and administratively directed interest rates where the usual channels of monetary policy transition to the real sector are largely ineffective.
Therefore, the main tool available to the Iraqi Central is to intervene in the foreign exchange market, as the fixed exchange rate has benefited the Iraqi economy –
but the structural imbalance in the Iraqi economy has hindered the growth of Iraq, as well as fiscal policy is not disciplined,
The general budget of the country over the past years - dominated by consumerism instead of investment - a significant expansion in total demand, which brought the Iraqi economy to the point of limited capacity to produce goods and services both affordable and non-viable
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Hussein Atwan Mahous and Bilal Qasim Mohammed - Comment on the article d. Amer Al-Adh - Editor
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