Abstract
AbstractThe Iraqi economy was exposed to a group of circumstances, represented by wars, and then the imposition of economic sanctions and the end of the third Gulf War, which contributed to the presence of negative repercussions in all economic variables, especially monetary variables, in addition to that, a group of internal and external economic factors prevented economic development in Iraq. The Iraqi economy has suffered from some of the wrong macro policies, the effects of which are still present, such as (the rise in the exchange rate of the Iraqi currency, the deficit in the balance of payments, the rise in most prices of goods and services, the spread of unemployment, the occurrence of hyperinflation, a deficit in the general budget, and the weakness of the industrial sector, The backwardness of the agricultural sector) and others were reflected in the form of monetary imbalances in most markets and at the level of the overall balance, all of these imbalances contributed to the lack of a real treatment for the oil shocks that occurred because the Iraqi economy is a rentier economy and depends heavily on oil imports. This research will analyze the impact of oil shocks on the money supply in the Iraqi economy.
