The impact of monetary policy on inflation rates in Iraq.

Monetary policy is one of the most prominent macroeconomic policies in any country, as it is an integral part of these policies, due to the role it plays in achieving the goals of society alongside the various economic policies that are to be realized. It is considered a central axis and a fundamental driver towards helping countries achieve their desired goals, through its essential role in addressing the problems that hinder economic management from achieving its objectives. Inflation is one of the most important of these problems that confront the majority of both developing and advanced economies, obstructing economic management from achieving its economic goals due to the numerous serious economic and social effects this issue has on the economic and social structure of the state. In recent decades, Iraq has undergone significant political and economic developments that have contributed to changes and fluctuations in its economic situation according to current circumstances. Despite the considerable fluctuations in economic variables, the common factor has been the rise in Iraqi economic inflation for several years, which resulted from the deterioration of security and economic conditions and the sanctions imposed on Iraq. The effectiveness of monetary policy in mitigating the negative effects of inflation is determined by how the monetary authority utilizes its tools to influence economic activity in the country, which has a profound impact on achieving stability in the general price level.