Jeff

I’ve seen quite a few different investors out there that are super excited that Iraq was going to be approving their budget within parliament Monday…That’s a huge misunderstanding on your part if you’re excited…The budgets are calculated off the value of the currency.  When a budget is implemented or while the budget is implemented the rate cannot
change…If this budget got approved Monday, the next time they could change the currency…rate, they would have to wait until mid-year (September or October) or a new budget period of 2025 (March to April)…Once this budget gets approved, that’s the currency value that’s locked in it…It can’t be magically changed…It doesn’t work that way.