Bank Deposits and Credit and Their Impact on the Operational Objectives of Monetary Policy, Iraq as a Model for the Period (2004-2020)

Abstract

The study focused on the topic (the impact of the operational objectives of monetary policy on bank deposits and bank cash credit) to know the extent to which these objectives are used effectively by the Central Bank of Iraq, and their impact on credit and bank deposits, and the use of the standard aspect program (eviews10), and the study concluded that the effect of credit Cash and bank deposits on the policy rate were not statistically related to achieving a rate of (11%), and this is due to the failure to use the operational interest rate tools by the Central Bank of Iraq to influence the economy as it is, but rather developed countries. The influence relationship between the exchange rate with monetary credit and deposits was greater than the influence relationship in the policy rate model, but it remains very weak as a result of the exchange rate's focus on maintaining inflation rates and the lack of focus on the main objectives of monetary policy. The study also recommended the necessity of paying attention to the operational objectives to achieve the final objectives of the monetary policy, which it is unable to achieve directly.