The Effect of the Foreign Currency Sale Window on the general index of the Iraq Stock Exchange, period 2013-2020

Abstract

Aims to research that the relationship and the effective effect of selling foreign currency for the purposes of remittances and cash in the general index of the Iraq Stock Exchange, the research sample; The research problem was embodied in knowing the extent of the effect of the foreign currency sale window on the general index of the Iraqi market for securities, the research sample. (8) years for the approved period 2013-2020; The statistical program Spss was used; SPSSV23 to test the hypotheses according to the Pearson correlation coefficient model, which was suitable for this research; The index of the year for the Iraq Stock Exchange was chosen as an indicator of the approved variable versus indicators of the independent variable represented by remittance sales and cash sales; The research reached a number of conclusions, the most important of which was that the window for selling foreign currency, whether according to the remittance system or cash, gives a signal to investors in the Iraqi market for securities, pushing them towards increasing the number of traded shares, but the window for selling foreign currency is the one that actually affects the general index of the market He also reached a number of recommendations, the most important of which is the need to pay attention to the development of the indicators of the Iraqi stock market to reflect the real situation of the economy, as we note the change in the method of calculating the general indicator in the year 2017 to reflect only the profitable