The Role of Monetary Policy in Improving the Investment Climate for Tourism in Iraq After 2003

Most developing countries possess numerous tourism resources; however, they often lack the means to effectively invest in this sector. By utilizing monetary policies such as money supply and interest rates, these countries can attract investment in the tourism sector. Through interest rates and money supply provided by the central bank to investors, a favorable climate for both local and foreign investment can be created. This research highlights the reality of Iraq in terms of its monetary policy and tourism investment, as well as the tourism potential it holds, represented by various types of tourist sites and how to optimally invest in them. Iraq's monetary policy relies entirely on the money supply side, yet the money supply has not been effective in achieving the government's desired goals. Tourism investment now depends largely on the available infrastructure and security, with the latter being significantly influenced by interest rates.