Jeff
Nope, they haven't stopped [the "auctions"]. They're resuming. They sell U.S. dollars daily abroad...because Iraq doesn't have a tradable currency.
These remittances will continue until the rate changes.
The only real change that's happened is the dollars...are transferred now at the banking level instead of the central bank level.
They're preparing the banks to be able to transfer foreign currencies abroad and be ready for the rate change when it occurs...