LOL...All it means is they are buying back dinar... We have all been aware of that for years. There are a number of articles that explain that the dinar bought back is respent for the budget. The CBI figures back up those articles as it shows the currency in circ has continued to grow. It's only common sense.... Iraq has about 18 trillion in circulation now. Add up the dinar spent in the last 3 or 4 years through the budget and the number would be over 100 trillion I'm sure. It's simple logic that dinars purchased at auction are put back into the system... and for those lacking simple logic... the articles and the numbers reported by the CBI should take care of that... :)
Its says $1 to $1.5 Billion USD/Month is being spent to reduce the amount of Iraqi Dinar within the Open Market Place. From the same NYT article it stated by the Head of the CBI that the Buy Back (which I put in BOLD TYPE states that this is the LEVER for controlling Consume Prices aka; Inflation
This is all part of the 'Tight Monetary Policy' mandated by the IMF/Government of Iraq/ and the CBI.
The LEVER is Self Evident from the New York Times:
Market Data 
Markets 
AI
