The auctions are supposed to be used to control the exchange rate from getting out of hand but it’s been used for some real corrupt stuff. There’s been talk several times about ending the auctions…Over the years – 2022, right now, you get 1450 dinars for every 1 US dollar. Back in 2016 you used to only get 1182 dinars..Going back to 2013 used to only get 1166 dinars for every 1 US dollar…When it decreases that means Iraq’s value is gaining on the US dollar. We want the amount of dinars exchanged for US dollars to decrease…we want to get to a point where they can exchange 1 dinar for multiple US dollars…there is some hope with the decline of the US dollar…
