Student Activity: Toward a More Sustainable Campus through Innovative Design and Practical Application
On 28th Feb 2023, Lecturer. the Department of Business and Administration at Cihan University – Sulaimaniya organized a workshop titled ‘The rise of the currency and its impact on employees, the labor market, and citizens in general’. The workshop was organized and administered by Lect. Blesa Ibrahim from the Department of Business and Administration, Cihan University – Sulaimaniya.
The workshop was approved and supervised by Lec. Nozad Hussein Mahmood, Head of the Department of Business and Administration, Cihan University – Sulaimaniya.
The uncertainty of the Iraqi dinar exchange rate and selling foreign currencies were analyzed by the Iraqi Central Bank during the period (2004-2023). The Iraqi Central Bank took Measures to devaluate the Iraqi Dinar by the Central Bank of Iraq in late 2020.
Further, the workshop also discussed, the value of the Iraqi Dinar that was established against the US dollar, the reasons and motives for the depreciation of the Iraqi dinar, and the effects of the devaluation of the Iraqi dinar – the increase in the value of the US dollar – during (2021-2022) on markets and individuals, foreign trade and the general budget in Iraq.
Despite the positive effects of the process of devaluing the Iraqi Dinar on government revenues, the general budget, and the rationalization of public expenditures, its effects were negative on individuals and local markets. At this time, the focus was on the economic and political reasons that led to the occurrence of these fluctuations and presented how to achieve stability in the exchange rate of the Iraqi Dinar.
Workshop Presenters included:
Faisal Ali Xursheed, MBA, Head of Kurdistan Economic Forum – KEF
Dollar between US Federal reserve pressures and political solutions in Iraq
Assist. Prof. Dr Mardin Mahsum Faraj, Department of Economics, University of Sulaimaniya
The devaluation of the Iraqi Dinar; economic implications
Lecturer. Blesa Ibrahim, Department of Business and Administration, Cihan University – Sulaimaniya
The Rise of the price of USA Dollar currency and its impact on the Market place
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