Analyzing Impact of Money Supply and Foreign Reserves on Economic Growth in Iraq for 2004-2021

Monetary policy is one of the most important economic policies in various countries. Its importance is evident through its basic variables and the effectiveness of its impact on economic activity. The focus in this study has been on the money supply and foreign reserves as independent variables and their impact on economic growth rates in Iraq for the period 2004-2021. Based on the ARDL standard model, through which the path of the relationship between these variables and economic growth and its reflection on growth rates was determined. And effective monetary policies are those policies that are characterized by transferring their effects to the economy with the least risks. The analytical approach was followed to clarify the impact of these variables on economic growth, represented by the variable of gross domestic product. And then extract the most important main results and important recommendations.