A lecture by the economic adviser “Mazhar Mohammad Saleh” at the center for international studies
The center of strategic and international studies at the university of Baghdad hosted prof. Dr. Mazhar Mohammed Saleh, the banking and economic expert and adviser of prime minister for economic affairs to deliver a lecture entitled “monetary policy in Iraq: review and assessment” in the presence of the director of the center, assistant professor Dr. Ali Drewl and a number of professors and researchers at the center and beyond. The lecturer began his speech with addressing the history and goals of monetary policy, the financial crisis throughout the world, specifically in Germany in 1923, the launch of the economic theory of Marquis, signs of resolving the crisis in 1929. He stressed that at present, monetary policy has become a collection of measures and means adopted by the monetary authority in order to control the financial liquidity for achieving economic stability and growth through financial development, domestic and foreign investment and fighting inflation and unemployment. Dr. Saleh stressed that monetary policy in Iraq took another grants after 2003, so cash balances changed in conflict with fiscal policy in 2014 as a result of affecting by two major events witnessed throughout the country, i.e, the first was the decrease of oil price to $ 49 a barrel, less than planned price in the budget while the second event is the dark forces of Daash that took control of some Iraqi cities leading to confuse the market, turning some revenue in the budget to buy arms to chase terrorism, high exchange rates of the dollar against the Iraqi dinar, but without causing any inflation in the country at present, despite high proportion of supply and demand. This economic lecture is an integral part of the political studies approved in the center for strategic and international studies since the fact that economy is related to political science and that the success of any political process is closely linked to the country’s economic achievement.