The impact of monetary policies on the monetary stability of Iraq and address the problems of inflation in the past three decade

Abstract

The theme of monetary policy and its role in achieving stability and economic growth has been a subject of great controversy over the past three decades, especially after the many tools of these policies and the creation of modern monetary instruments that increased the channels of monetary policy to economic activity. The monetary policies of the effective economic policies facing the phenomenon of inflation considering that these policies are an essential part of the components and components of the general economic policy, which exercise its role by influencing the volume of money supply in accordance with the prevailing economic conditions in order to absorb excess cash or supply the economy With a new cash flow. After the transformation of the system towards a market economy and relying on the forces of supply and demand in the management of the economy, the Iraqi Central Bank since 2003 through its monetary tools to secure this transformation and activate the mechanisms of market economy through a set of technical and legislative procedures, in addition to rely on indirect monetary instruments And modernization of direct monetary instruments under the new phase. The present study is a study of monetary policies and their role in the monetary stability of Iraq as well as the treatment of inflation in the past three decades.