Breitling

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Question: [If Iraq does nothing to increase the dinar in this year’s budget do we have to wait another year?] No and it has nothing to do with their budget.  This is where people have problems.  They think they have to put something in the budget somewhere otherwise the value is never going to come out…No…The budget is what they owe and based on what they can pay back they don’t need that to add value to their currency.  Let’s say they come up with the budget and the next day it revalues and that completely changes the budget – No it doesn’t.  It changes the decimal.  That’s all it changes.  They just move the decimal over…They don’t need the budget to come out in order for them to add value to their currency.

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