الفجوة بين سعر صرف الدينار المعلن من قبل البنك المركزي العراقي و مثيله السوقي للمدة 2003-2016
Other Title(s)
The gap between the Dinar exchange rate declared by the Central Bank of Iraq and its market counterpart for the period 2003-2016
Joint Authors
أمين، هجير عدنان زكي
أحمد حسين لطيف
Source
Issue
Vol. 42, Issue 118 (28 Feb. 2019), pp.1-13, 13 p.
Publisher
al-Mustansiriyah University College of Management and Economic
Publication Date
2019-02-28
Country of Publication
Iraq
No. of Pages
13
Main Subjects
Business Administration
Economy and Commerce
Topics
- Exchange rates
- Foreign exchange
- Iraq
- Central banks
- Foreign exchange reserves
- Dinar
- Foreign exchange market
- Central Bank
Abstract EN
The Iraqi economy, witnessed difficult conditions during the eighties and nineties of the last century as a result of successive wars, severe economic embargo and high inflation rates, which led to sharp deterioration of the value of the Iraqi dinar in terms of other currencies, namely the dollar.
After 2003, the Central Bank obtained independence after the implementation of Law 56 of 2004, and the monetary authority seized the opportunity to achieve significant decrease in inflation rates.
This achievement came as a result of the efforts pursued by the monetary authorities to employ part of the international reserves in order to strengthen the value of the Iraqi dinar against the US dollar through the mechanism of selling foreign currency (dollar) and buying the dinar in the foreign exchange market.
However, maintaining such a policy of high (official) exchange rate of the Iraqi dinar against the dollar could lead to the risk of having an overvalued dinar in terms of dollars, resulting excessive demand for the dollar and consequently, a continuous decline in the value of the Iraqi dinar, and weak response of the latter to the intervention measures taken by the monetary authority in the foreign exchange market.
This may result in widening the gap between the two prices.
American Psychological Association (APA)
أمين، هجير عدنان زكي وأحمد حسين لطيف. 2019. الفجوة بين سعر صرف الدينار المعلن من قبل البنك المركزي العراقي و مثيله السوقي للمدة 2003-2016. مجلة الإدارة و الاقتصاد،مج. 42، ع. 118، ص ص. 1-13.
https://search.emarefa.net/detail/BIM-1090349
Modern Language Association (MLA)
أمين، هجير عدنان زكي وأحمد حسين لطيف. الفجوة بين سعر صرف الدينار المعلن من قبل البنك المركزي العراقي و مثيله السوقي للمدة 2003-2016. مجلة الإدارة و الاقتصاد مج. 42، ع. 118 (2019)، ص ص. 1-13.
https://search.emarefa.net/detail/BIM-1090349
American Medical Association (AMA)
أمين، هجير عدنان زكي وأحمد حسين لطيف. الفجوة بين سعر صرف الدينار المعلن من قبل البنك المركزي العراقي و مثيله السوقي للمدة 2003-2016. مجلة الإدارة و الاقتصاد. 2019. مج. 42، ع. 118، ص ص. 1-13.
https://search.emarefa.net/detail/BIM-1090349
Data Type
Journal Articles
Language
Arabic
Notes
-
Record ID
BIM-1090349