Over in Iraq, we have a little more news than usual this week!
It’s being rumored (some confirmed sources, some… not so confirmed) that there is a legitimate push to introduce new currency notes, presumably in smaller denominations.
That’s not something you do unless you can establish a need for those smaller notes, which of course requires a stronger exchange rate.
The Budget is likely to be finalized in February.
I know that’s an eternity for some of us, but that’s the buzz.
Unfortunately, I have nothing to report on the HCL. I’m hearing rumors, but nothing confirmed.