Frank26

  In FRANK26 

The budget is official and the budget is with the 1 to 1 rate…it already exists with a rate of 1 to 1…they’re all waiting for the rate…the accounting in the budget is already in the budget and retro back to the first of the year – that’s called a rider…it’s in there as a mechanism to take the exchange rate of the budget and bring it back to the beginning of the year to cover the whole year for that budget.  If there was not a rider like the article say that there is, then they would never have any plans of bringing in a new exchange rate retroactive back to the first.

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