Analysis of the central bank sales of the dollar and its impact on market indicators Iraq Stock Exchange
(Analytical study for the period 2013-2020)
A letter submitted to the Board of the College of Administration and Economics University of Karbala, which is part of the requirements for obtaining a master’s degree in financial and banking sciences
I made it
Rusul Hamid Jafat
Supervisor
Dr. Amir Ali
ِAbstract
The study aimed to show the relationship and the impact of the Central Bank’s sales of dollars for the purposes of remittances and cash in the indicators of the Iraqi market for securities, the study sample ; The problem of the study was embodied in knowing the extent of the impact of the Central Bank’s sales of dollars for the purposes of remittances and cash on the indicators of the Iraqi market for securities, the study sample ; This study was conducted for a sample consisting of the foreign currency sale window for the purposes of remittances and cash in the Central Bank of Iraq and then the analysis of remittances and cash sales and the analysis of market indicators during (8) years for the approved period 2013-2020 ; The statistical program was usedSpss ; SPSSV 23 To test the hypotheses according to the Pearson correlation coefficient model, which was suitable for this study ; Four indicators were chosen for the Iraq Stock Exchange ( trading volume; market value; number of shares traded; and the general index ) as indicators of the approved variable versus indicators of the independent variable represented by remittance sales and cash sales ; The study reached a number of conclusions, the most important of which was that the central bank sales of dollars, whether the system of remittances or cash, do not affect all indicators of the Iraqi market for securities, the study sample, especially the indicators that do not take the value as a basis when calculating . The study recommended the development of trading mechanisms in the Iraqi Stock Exchange In a way that increases the number of investors and reduces regulatory complications, thus making the market a real haven for investment and an important tool in withdrawing liquidity from the public, and then strengthening the banking system in preparation for dispensing with the currency sale window and adopting the system of remittances and documentary credits to finance foreign trade.