Effect of the outlet of sale of foreign currency in the exchange rate risk

Analytical study in the central bank of Iraq

Abstract

     The aim of the research is to study and analyze the nature of the job that the outlet of sale of foreign currency of the central bank and its affect for managing fluctuations risk in the exchange rate of the Iraqi dinar against the US dollar, in order to prove the research hypothesis two indicators were chosen, the indicators of outlet of sales from the foreign currency as well as the exchange rate risk expressed in a measurement ( standard score z), although the period of time was (42) months were extended for the period from January (2014) to June (2017),  The research reach to many conclusions, but the most important is the one that proved the success the outlet of sale of foreign currency in managing fluctuations risks in the exchange rate of the Iraqi dinar against the US dollar, along the time period of the research, Finally the research recommended the need to continue the work of the outlet because it is the main source and is almost the only in continuity of the flow of foreign currency in the Iraqi domestic market and to succeed in achieving relative stability in the exchange rate of the Iraqi currency against foreign currency.