أثر الاستثمار في الاحتياطات الاجنبية على ميزانية البنك المركزي العراقي

Abstract

The aim of the research is to show the existence of a relationship between investment in foreign reserves and its impact on the budget of the Central Bank of Iraq and the extent of its impact on the Iraqi economy. Foreign currency to the central bank to obtain the local currency to finance its expenses. While the budget deficit negatively affects the foreign reserves due to the decrease in the sales of the Ministry of Finance to the Central Bank of Iraq, where the sales of the Central Bank of Iraq in the auction were greater than its purchases, which led to the withdrawal of those reserves. Therefore, investment is one of the main tools to achieve the goals of economic and social development. It is also the most important determinant of the growth path in developing countries, in particular the Arab countries, and not only because it is one of the components of aggregate demand, but also the most important determinants of the investor’s capital stock. Therefore, it is the future source for the expansion of production capacity, increasing job opportunities and growth rates. Growth strategies work to shift to the privatization of the economy, and to make room for the private sector to contribute a greater percentage to total investment and localization, and then studying investment and its determinants have become important for countries in their quest to achieve their growth. development and progress of its economy