Iraqi Dinar Discussion Board

[Aerospace]

Technically you are correct. The dinar is currently on a "managed float"
Which means... "the position when the exchange rate of a country's currency is influenced by government action in the foreign exchange market"
Iraq controls the rate through the auctions. They buy back tons of currency to keep inflation under control. If they allowed the money supply to grow out of control inflation would be out of control.
I just posted an article recently where they talked about ending the auctions and officially pegging the dinar