دور مزاد العملة في استقرار سعر الصرف والخيارات المطروحة في ظل انخفاض الاحتياطي الأجنبي

الملخص

Central Bank of Iraqi (CBI) adopted a foreign currency auction on 04/10/2003, in order to maintain the value of the Iraqi dinar, and stability in the general level of prices, as the auction is an essential source to meet the market need of foreign exchange, particularly in light of the reality of the Iraqi economy, which suffers from an imbalance of the productive sector, as it bridges the gap between supply and demand through import, so the research stems from the hypothesis  that the CBI can achieve stability in the general level of prices, and raise the value of the Iraqi dinar, through the currency auction, and that any limitation of the roof of the sales of the dollar will be reflected negatively. Accordingly, research aims, in the process of its hypothesis testing, to assess the role of the currency auction to raise the value of the Iraqi dinar, stabilize the exchange rate, and also determine the roof of auction sales or suspended obtions under the low foreign reserves  due to lower oil revenues.

For the purpose of the detailed briefing of whole aspects of the research, it has been divided into four sections followed by conclusions and recommendations.