[Iraq boots-on-the-ground report] FIREFLY: My bank guy says the only way they would stop funding the budget and stop everything is to make a rate change in the budget…the new rate will produce excess funds to cover the reform projects…He says when that budget gets done this weekend and if it is amended the rate change will come real close in his opinion… FRANK: I agree 100%…once we see the budget amended and released it will expose a new exchange rate. I don’t think that a simple rate of 1 to 1 is what Sudani is looking for anymore.
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