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A symposium entitled: Reasons for currency instability in countries

 on (Oct 14, 2024) in the presence of the head of departments and lecturer a symposium entitled (Reasons for currency instability in countries), was presented by (Mr. Shamal Hasan Obaid ) from of College of law, Where it has been explained about Currency instability in countries is driven by several key factors. High inflation erodes purchasing power, while political instability and economic mismanagement reduce confidence in the economy, leading to currency devaluation. Trade imbalances and high external debt put pressure on the local currency, while market speculation and capital flight exacerbate instability. Additionally, insufficient foreign reserves and unexpected crises, such as natural disasters, further strain a country’s ability to maintain currency stability. These combined factors contribute to fluctuating exchange rates, inflation, and economic challenges. In conclusion, currency instability arises from a combination of economic, political, and external factors. High inflation, poor governance, trade imbalances, and excessive debt weaken a currency's value, while speculative activities and unexpected crises further exacerbate the situation. To achieve currency stability, countries need sound economic management, political stability, and adequate foreign reserves. Without addressing these core issues, economic challenges and fluctuations in currency value will persist, affecting both domestic economies and international trade., At the end of the symposium, a set of questions and answers were raised on this subject