Internal debt options during the two double shocks and its impact on foreign reserve in Iraq

Other Title(s)

خيارات الدين الداخلي خلال الصدمتين المزدوجتين و اثرها في الاحتياطي الاجنبي في العراق

Joint Authors

Laftah, Hasan Hazim
Jawad, SajaFadil

Source

Journal of Economics and Administrative Science

Issue

Vol. 28, Issue 131 (31 Mar. 2022), pp.119-132, 14 p.

Publisher

University of Baghdad College of Administration and Economics

Publication Date

2022-02-28

Country of Publication

Iraq

No. of Pages

14

Main Subjects

Economy

Topics

Abstract EN

The research aims at a statement Internal Debt options during shocks and the impact of this borrowing in the volume of the foreign reserve, using induction and deduction with available data analysis.

During the period (2004-2013) did not require the use of borrowing across (financial institutions, discounted transfers, bonds); it was only sufficient by transfer with commercial banks that can finance of temporary budget deficits: rose and decline of volume of foreign reserve according to the changes of oil prices and the volume of purchases and sales of the Central Bank of Iraq.

Central Bank of Iraq (CBI) has significantly contributed to Internal Debt through bond and discounted transfers in the secondary market; thus, funding the public budget and sustaining the momentum of battles during the first double shock (2014-2017), which reflected how it is negatively affected the volume of foreign reserve, in other words, reduction the proportion of foreign assets to local assets.

The second double crisis (2020) reduced the exchange rate of the Iraqi dinar against the US dollar, which was reflected at high prices; inflation reached (5.6) at the end of the first half of 2020, which means adopting a new choice to finance the budget deficit.

This means that there is an inverse relationship between the volume of foreign reserve and internal debt, where decrease volume of foreign reserve during two double shocks

American Psychological Association (APA)

Laftah, Hasan Hazim& Jawad, SajaFadil. 2022. Internal debt options during the two double shocks and its impact on foreign reserve in Iraq. Journal of Economics and Administrative Science،Vol. 28, no. 131, pp.119-132.
https://search.emarefa.net/detail/BIM-1339969

Modern Language Association (MLA)

Laftah, Hasan Hazim& Jawad, SajaFadil. Internal debt options during the two double shocks and its impact on foreign reserve in Iraq. Journal of Economics and Administrative Science Vol. 28, no. 131 (Mar. 2022), pp.119-132.
https://search.emarefa.net/detail/BIM-1339969

American Medical Association (AMA)

Laftah, Hasan Hazim& Jawad, SajaFadil. Internal debt options during the two double shocks and its impact on foreign reserve in Iraq. Journal of Economics and Administrative Science. 2022. Vol. 28, no. 131, pp.119-132.
https://search.emarefa.net/detail/BIM-1339969

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 130-131

Record ID

BIM-1339969