ISSN: 2265-6294

Measuring the Impact of Currency Window on Iraqi’s General Budget for 2019-2004

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Maher Hassan Tami,Adel Mansour Fadil

Abstract

The aim of the research is to know the impact of the currency sale window on the state's general budget, using the ARDL model, based on the premise that the foreign currency sale window affects the general budget.The study concluded that the bank’s currency sales indicated a positive impact on public expenditures in the short term, as the value of short-term flexibility amounted to (385.0793), as well as confirming that the bank’s long-term currency sales referred to the positive relationship, as its flexibility reached ( 933.0155), and that the bank’s purchases of currency have a positive impact on public revenues in the short term, as the value of flexibility in the short term has reached (574.0115), but if the increase in purchases by the Central Bank continues, the impact rate will increase and a greater percentage in the long term, and its flexibility will be (1275.001) Thus, the research hypothesis proved that the foreign currency sale window affects the general budget The study recommends the need to work to limit the expansion of government spending, which is the main reason for the increase in the supply (sales) of the dollar, and the high demand of the Central Bank of the dollar, which constitutes a rise in the total demand for the currency, so that the state’s general budget is not affected by the policy of the window

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