author(s)
Anas Dheyab Salim

abstract
Monetary policy, a crucial instrument of economic policy, employs monetary variables to guide economic activity and ensure stability. The objective of this study is to elucidate how Iraqi monetary authorities responded to inflation subsequent to the Russian-Ukrainian War and the COVID-19 pandemic. The descriptive-analytical method was used for the study as it is among the most effective approaches to analyze complex and dynamic economic issues. The analysis identified a negative association between Iraq's inflation rate from 2015 to 2019 and the annual growth rate of the broad money supply. At a significance threshold of 0.05, it was found that the yearly growth rate of the broad money supply had a statistically significant impact on the inflation rate in Iraq from 2015 to 2019, prior to the COVID-19 epidemic and the Russian-Ukrainian war. The results demonstrated that the inflation rate dropped by 0.075% for every 1% increase in the yearly growth rate of the broad money supply, confirming the first hypothesis of the study. As a result, the study suggests that monetary policies that can successfully affect Iraq's inflation rates be put into place.