Foreign currency selling window and documentary credits and their mutual relationship with the trade balance
A dissertation submitted to the council of the college Administration and economics university of Kerbala, as a partial fulfillment of the requirements to obtain Ph.D. Degree in the financial and banking sciences.
By: Salam Hashem Muhammad Hello
Under Supervision:
Prof. Dr. Kamal Kazem Jawad Associate Prof. Dr. Hamid Mohsin Jadah
Abstract
The aim of the research is to study (the reciprocal relationship between the foreign currency sales window and the trade balance imports) in Iraq using statistical programs (SPSS) and the statistical model used Baron Kenny to study the intermediate relationship between the study variables to identify the intermediate relationship between the study variables, and the study concluded that both the total documentary credit and the sales of the foreign currency sales window are the main reason for the imports of the trade balance, as this was achieved from the significance of the probability (prob) which was less than (5%) and that imports are the main cause of the foreign currency sales window, and this was achieved from the significance of the probability (prob) which was less than (5%) while the total documentary credit was not the main cause of the foreign currency sales window and that both the imports of the Iraqi trade balance and the sales of the foreign currency window were not the main reason for increasing or decreasing the total documentary credit of Iraqi commercial banks, i.e. they were not the main cause, and this was achieved from the lack of significance of the probability (prob) which achieved a percentage higher than (5%) and the study recommended that achieving The moral impact of foreign currency window sales on the total documentary credit, despite the low values of documentary credit compared to the volume of foreign currency window sales and very large imports, shows the success of the Central Bank in this aspect, but it needs many plans and policies to achieve the desired goal and what is intended to be achieved by the Central Bank of Iraq. Also, the impact that the Central Bank of Iraq has in achieving the intermediate relationship between each of the foreign currency window sales, imports and documentary credit is simple due to the lack of efficient private and governmental commercial banks that help in achieving this impact, as commercial banks suffer from the weak number of correspondent commercial banks abroad and the almost total dependence on the Trade Bank of Iraq, and even more than that, there are no plans that show that these commercial banks are heading towards reforming their affairs and achieving the highest levels. Keywords: Foreign currency window, imports, trade balance.
