Frank26

  In FRANK26 

We now have a budget for Iraq. It’s official. This is the first budget I’ve seen in Iraq in my lifetime…that’s extremely important…the main thing is it’s now published in an official public venue the gazette.  What’s the rate in that budget? …1460. It would have been illegal to release the budget with any other rate of 1460…right now the official exchange rate is 1460.  Period.  End of story…at anytime they can retro the exchange rate back to January first…the CBI is going to change the rate 1 to 1 and the budget will go retroactive 1 to 1 too…the budget is not legal until it is in the gazette.  It’s never been in the gazette. It’s in the gazette ladies and gentleman so NOW the change of the Iraq dinar exchange rate is game on!

Tags: /