ANALYSIS OF THE RELATION BETWEEN INFLATION AND FOREIGN EXCHANGE RATES FOR THE NORTHERN REGION OF IRAQ

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dc.contributor.authorKiracı, Arzdar
dc.contributor.authorAktuğ, Semih Serkant
dc.contributor.authorAqraw, Farhang Abdulkareem
dc.contributor.authorDağ, Mehmet
dc.date.accessioned2024-12-24T19:16:17Z
dc.date.available2024-12-24T19:16:17Z
dc.date.issued2019
dc.departmentSiirt Üniversitesi
dc.description.abstractThe purpose of this study is to examine the relation between the inflation rate, foreign exchange rates of themajor currencies used in the northern region of Iraq (NRI), money supply and gross domestic product (GDP)for the period 2008-2016. It is notable that the region suffers from high inflation rates and there were fluctuations in foreign exchange rates after the fall of the former Iraqi regime in 2003. This is the first article aboutthis subject for NRI using an error correction model and the results indicate that there is a long-run relationbetween variables. The relation between US Dollar and inflation in the region is positive and statistically significant. There is a negative relation between Euro and inflation, which is also statistically significant. NRIimports many goods and services from Turkey, but a surprising result is that the Turkish Lira variable is notstatistically significant. This may be due to the fact that import payments are done with Dollars and not TurkishLiras. There is also a negative long-run relation for the variables GDP and money supply, which are not statistically significant. In the analysis, money supply by the Iraqi Central Bank was used as the money supply variable, but the amount of money supply in the NRI is not proportional to the amount offered by the CentralBank, there is no advanced banking system in the region. The amount of Dinar coming into the region consistsof converting the oil export revenues into Iraqi dinar and supplying these Dinars as payments to the market.Therefore, the NRI money supply will depend on the oil revenues and the Dollar, which makes money supplyvariable statistically insignificant.
dc.identifier.doi10.18092/ulikidince.533805
dc.identifier.endpage184
dc.identifier.issn1307-9832
dc.identifier.issn1307-9859
dc.identifier.issue24
dc.identifier.startpage171
dc.identifier.trdizinid339429
dc.identifier.urihttps://doi.org/10.18092/ulikidince.533805
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/339429
dc.identifier.urihttps://hdl.handle.net/20.500.12604/4339
dc.identifier.volume0
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofUluslararası İktisadi ve İdari İncelemeler Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241222
dc.subjectİşletme,İktisat,İşletme Finans
dc.titleANALYSIS OF THE RELATION BETWEEN INFLATION AND FOREIGN EXCHANGE RATES FOR THE NORTHERN REGION OF IRAQ
dc.typeArticle

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