أثر مزاد العملة الأجنبية للبنك المركزي على التنمية الاقتصادية و انعكاسها على الدور الاقتصادي للمصارف الإسلامية في جمهورية العراق

Abstract EN

The study aimed to explain the impact of the foreign currency auction of the Central Bank 011 economic development and its reflection 011 the economic role of the Islamic banks in the Republic of Iraq during the period (2007-2015).

I11 order to achieve this objective*, the foreign currency auction sales was chosen as an independent variable and the study of its impact 011 economic development as a dependent variable represented by GDP and the value of imports of goods and the exchange rate.

Then, the reflect of the foreign currency sold through the auction as dependent variable on economic role of the Islamic banks as an intermediary variable, which represented by attracting savings.

The study was adopted in order to achieve the goals and reach the results 011 the descriptive and analytical approach and conducted a simple linear regression analysis, by using OLS and OLS structural breakpoint.

and the Granger causality tests, to test the hypotheses of the study and answer their questions by using the statistical analysis program (E- views.

The study concluded that there is a weak impact of the foreign currency auction on the gross domestic product compared to the amount of money injected into the currency auction, and there is a large difference between the cash flows of the US dollar through the auction and the value of imports which indicates that imports are not compatible with sales of foreign currency, while the currency auction did not succeed in reducing the fluctuations of the local currency exchange rate in the parallel market.

The study concluded that the sales of the foreign currency auction of the Central Bank of Iraq had a weak impact on the economic development of Islamic banks in the sample of the study in the field of attracting investment savings.

The most important thing recommended by the study is not to cancel the auction of foreign currency and launch auction sales in both quantity and quality Within a new mechanism, also the need to create effective tools through which to control border crossings, also to increase the control over the Islamic banks in the field of Activating and diversifying the Islamic financing and investment formulas to attract more financial resources.