Abstract

The foreign currency auction of the Central Bank is the funny and crying auction that hides that ideological conflict, whether between the joints of economic. policy itself or between the total capital.
The open market operation through the foreign currency to influence the liquidity levels and achieving stability through the sterilization mechanism are high and costly cause great financial waste through the gap in pricing selling the official dollar in the currency auction and parallel price in the market for the period (2004-2020) when leached its peak. In 2012 and 2013, respectively (3.210.834) billion dinars (3.513.246) billion dinars.
The most important recommendations are the necessity of having an economic policy with a clear intellectual approach and the existence of real national leadership working to implement this policy.