The Foreign Exchange Auction System’s Effect on SME Stability and Performance

This study investigates the impact of foreign exchange auction systems on viability and efficiency small medium-sized businesses (SMEs) in developing countries. investigation uses a quantitative approach using vector error correction model (VECM) for time series data. The results SMEs growth forex usage fail to show either long-run or short-run link, but they do reveal unidirectional causation running from growth. log real SMEs' measure economic activities loans as have short run. indicates that lending causal effect bank findings shed light how system can effectively be constructed benefit enterprises (SMEs), stimulate their growth, support stability economies nations.