Three Things To Note: 1. The budget must contain a usable exchange rate to calculate revenues, expenditures, and allocations. 2. If the budget is being drafted right now and set for submission by mid-October, it must use the exchange rate that will be operative during the 2027 fiscal year. 3. Iraq cannot submit a budget using the [1510] rate if it plans to change that rate before January 1, 2027 doing so would require a complete budget rewrite after the RV, collapsing the entire legislative timeline. :Ariel
