On Tuesday Delta called me…and told me that the President of Iraq…used an Executive Order to POSTPONE the budget.
I was expecting to see it on the 31st.
Delta said that if it came out with a NEW RATE we would be happy…
BUT if it came out with a PROGRAM RATE…it would send the wrong message!
It would not impress the INTERNATIONAL world.
He doesn’t want to release it…because there is a new rate in it.
This also came from the High Council of Ministers.
The budget doesn’t need to be approved or passed…it NEEDS TO BE PROTECTED!
Abadi comes out…says he needs 72 hours …and he wants another 72 hours more.
Why?
Mosul…Give me Mosul…you’ll see the MR.
That mantra hasn’t changed.
So…we have a HOLD on the budget… Stability and security are now the main focus.
MOOKLA = Security/ Stability = CBI releasing a rate.
Abadi said that in the beginning of 2017…was to OPEN the economic relations in Iraq to the INTERNATIONAL world?
They have a targeted/calculated date for the MR. (monetary reform).
IMO…they know the date…and they need to accomplish this in the MOOKLA of 2017.
They don’t hide the budget FROM us…they hide it FOR us.
To finish the security / stability…to reach the 57-58 for the budget.
Delta said that they are hovering oil around 57-58.
What would 60 and above mean?
That would wipe out their deficit.
The GOI and the military are using the same strategy … because IMO…they have the same leader…(Abadi)…and they have the same goal.
To add value…not just their currency …but their country that is filthy rich!
The CBI is more than ready to release the rate.
