[Just trying to understand why the stopping of auctions is so important, if it is?]
CBI Control…One short sentence answers…
The Central Bank of Iraq regulates the flow of money through controlled auctions…
Needless to say, this is not normal.
In most other countries, money can be easily exchanged into a number of currencies at the will and whim of any citizen.
The exchange rates are allowed to move freely according to the forces of supply and demand, interest rates, etc.
