IQD on the Foreign Exchange markets

Despite what many may say the IQD is listed on the Foreign Exchange markets.

The applicable symbols are

USDIQD.RADA
USDIQD.EUAM
EURIQD.DRES

Name of the exchange is FOREX code number 4054

The Listed Market is TENFORE

Carry out a symbol check at the following website.

http://www.iqfeed.net/symbolguide/index.cfm?symbolguide=lookup&displayaction=support§ion=guide&web=iqfeed&alpha=1&start=1

Additional codes.

SYMBOL............ DESCRIPTION..............EXCHANGE.... SECURITY TYPE... LISTED MARKET

EURIQD.COMP ..COMP EUR IQD Spot ... FOREX ..........FOREX................... TENFORE
GBPIQD.COMP.. COMP GBP IQD Spot .. FOREX ..........FOREX ....................TENFORE
IQDGBP.COMP.. COMP IQD GBP Spot .. FOREX ..........FOREX ....................TENFORE
IQDUSD.COMP.. COMP IQD USD Spot.. FOREX.......... FOREX ....................TENFORE
USDIQD.COMP.. COMP USD IQD Spot .. FOREX.......... FOREX ....................TENFORE
EURIQD.DRES... DRES EUR IQD Spot ... FOREX......... FOREX ....................TENFORE
GBPIQD.EUAM ...EUAM GBP IQD Spot .. FOREX......... FOREX .....................TENFORE
IQDGBP.EUAM... EUAM IQD GBP Spot .. FOREX .........FOREX .....................TENFORE
IQDUSD.EUAM... EUAM IQD USD Spot ... FOREX .........FOREX .....................TENFORE
USDIQD.EUAM ...EUAM USD IQD Spot... FOREX......... FOREX .....................TENFORE
USDIQD.RADA ...RADA USD IQD Spot... FOREX......... FOREX .....................TENFORE

Look at the description of the symbol, they all end in 'spot'. They are symbols in use on the Interbank 'Spot Market'.

This was part of the response on another site

"IQD is NOT traded. It is NOT on the spot market. The post made above is obviously from someone who is extremely inexperienced in forex trading and does not have a good understanding of the spot market nor the ability for INDIVIDUALS to gain access to interbank platforms."

This is an extract from the IMF Annual Report for 2011 on Page 1205

Spot exchange market Yes.
"The CBI deals only with commercial banks. There are more than 300
exchange bureaus that buy and sell foreign currency Banknotes.
Government import transactions are handled by commercial hanks.
Operations of foreign exchange bureaus are limited to the purchase
and sale of Banknotes, and only money transfer companies can
maintain accounts abroad."

Unfortunately in the 2012 report the country data came on a CD and is not available online.

Thank you Sandyf