[Iraq boots-on-the-ground report] FIREFLY: My bank friend says the 2nd phase that we’re in right now is all about the currency reform. He said this will allow us to float inside of Iraq and then outside…the rate has been recalculated in the budget and he feels like when it will be released it will be independent of the rate. Whatever they have it now in the budget as a rate…they will adjust it…he feels the currency reform allows the floating…which will cause adjustment in the budget. FRANK: 100% correct.
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April 10, 2026
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