The Impact of Changing the Exchange Rate of the Iraqi Currency on the Value of Trading Stocks in the Iraqi Stock Market (an Applied Study in the Iraqi Private Banking Sectors for the Period 2019-2021)

Abstract

The study aimed to know the impact of fluctuations in the exchange rate of the Iraqi dinar against the US dollar during the period from 2019-2021, and to identify the nature of the relationship between changes in the exchange rate of the Iraqi dinar against the dollar and stock trading in the Iraqi market, through financial and statistical analysis of bank stock trading bulletins, the study sample. The descriptive approach was used in the theoretical side of the study, and the analytical approach in the applied side of the study. The results showed that there is a statistically significant correlation between the exchange rate and the study variables (share value and stock return), and that there is a direct relationship between the rise in the exchange rate of the US dollar and the study variables in the stock market. Iraqi stock market. The study recommended the need for the bank to maintain a large reserve of foreign currencies to maintain the stability of the Iraqi dinar, and to adopt inferential mathematical relationships as a means of estimating the variables of the study in the short term, as well as encouraging foreign companies to invest in the Iraqi market by providing a safe environment that guarantees the flow of capital to Iraq.