Abstract
The study aims to analyze the role of the Central Bank of Iraq through the currency auction and its impact on indicators of economic stability represented by (inflation, unemployment, and economic growth). In order to achieve the objectives of the study, the researcher studied and analyzed the relationship between the foreign currency auction and indicators of economic stability represented by (inflation, unemployment, and economic growth).The problem of the study was represented by the following question: Does the central bank achieve economic stability through the currency auction?The importance of the role played by the central bank varies from one economic system to another and from one country to another in the same economic system, and this difference is governed by many factors, the most important of which is the surrounding environment in which the bank carries out its activity, as well as the powers it possesses in exercising its main tasks, which are reflected in The monetary resources obtained by the Central Bank, and the uses of these resources in areas that work to achieve the goals of economic stability, based on the annual statements of the Central Bank and achieving the goal of the study.The study adopted the inductive and deductive approach in describing the impact of the foreign currency auction on indicators of economic stability by collecting data and annual reports of the Central Bank, the research sample, for the period (2003-2022), as well as using a statistical analysis program for the study, through the (Eviews 12) program and the Excel 2010 program. To facilitate the process of extracting financial and statistical analysis results.The study reached a set of conclusions, including The central bank plays an effective role in directing, monitoring and refinancing commercial banks and providing the appropriate amount of liquidity to ensure the continuation of their banking activity.
