The repercussions of changing the exchange rate of the Iraqi dinar in the fluctuation of its purchasing power for the period (2004-2020)

Abstract

This research dealt with the repercussions of changing the exchange rate of the Iraqi dinar in the fluctuation of its purchasing power in the Iraqi economy. Theoretical aspect The period (2004-2020) witnessed a clear improvement in the exchange rate of the Iraqi dinar. In addition, there was a fading of the difference between the official and parallel rates during the research period due to the monetary policy measures that were aimed at improving the value of the dinar and stabilizing its exchange rate through the independence that was granted The Central Bank of Iraq by Law (56 of 2004) through which the monetary authority was able to end its dependence on financial policy and its adherence to the managed floating exchange system that contributed to preserving the value of the Iraqi dinar, and the research reached a number of conclusions, perhaps the most prominent of which is that the exchange rate is an issue of the monetary policy And that the public auction works to control the supply of the monetary mass and raise the value of the local currency.