Petra – Dinar Guru Remember, the dinar is still at a PR (sanctioned) rate. Even though they have been given a clear approval to move forward by the IMF/WB/UST they still are under the old rate. And because of that, they CANNOT use the IQD to purchase goods outside of their country. The only ‘mechanism’ they have currently is to trade their dinars with the banks for USD to purchase medicines, computers, Pepsi, and other good that are not manufactured in Iraq. So, they must continue to purchase using USD until they change their rate to an internationally recognized and accepted currency…the auctions serve two purposes: it allows for import purchases…as well as drawn in more notes from the citizens. Will this change after the RI…you bet! But for now, this is the necessary process in order to continue international trade to provide what Iraqi’s need to live. All IMO.