Finance, Forex and Investments

Does the central bank of iraq circulate all newly printed currency through their daily auction?

what is the sole purpose of the central bank of iraqs daily auction? Is the sole purpose to circulate currency?

Public Comments

1. Apparently so, although I find it odd that those Iraqi dinars must be purchased with US dollars (See the first link, below). The Iraqi equivalent of US T-Bills are auctioned elsewhere (See the second and third links, below).