Based on the understanding of the impact of inflation on monetary policy, the company's policy will improve the company's financial performance by increasing the company's operating income, increasing the amount of cash, and utilizing the short-term loans received. This study aims to analyze the impact of inflation on the liquidity of Asiacell Telecommunications Company in Iraq from 2012 to 2023 by determining the impact of inflation on the company's liquidity variables (operating income, current operating surplus, cash, and short-term loans received). We used a quantitative analysis method, and the study results showed that inflation has a positive moral impact on all the components of financial flows examined in this study. The results also showed that there is conditional volatility and asymmetry in the response of the variables to cash liquidity, because for the variables operating income and cash, the response to positive shocks is greater than the response to adverse shocks, while the opposite is true for the variables current operating surplus and short-term loans received. The response to adverse shocks is greater than the response to positive shocks. This study provides analytical insights on inflation and liquidity that can help improve the financial stability of Asiacell and assist the company in formulating more effective fiscal policies.

inflation, cash liquidity, surplus of current operations, business revenue

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