Analysis of foreign reserves relationship in some economic variables in Iraq for the period (2003-2017)

Abstract

The management of foreign reserves in a manner that ensures the adequacy of these assets, which must be at the disposal of the economic authority in order to achieve a specific set of goals, and that it has a great role that can be used in addressing economic problems, whether directly or indirectly in the Iraqi economy.As well as the contribution of the capital and financial account. Foreign reserves have feasibility and effectiveness in their impact on the Iraqi economy by raising the exchange rate, defending it, achieving harmonization between the benefits achieved from them and the costs involved in maintaining them, and achieving a balance in the balance of payments and financing the state's general budget and that the optimal levels of foreign reserves that the state can maintain In light of the available investment opportunities and self-insurance against external shocks in Iraq in light of fluctuations in oil price.