Jeff

It’s probably been two or three weeks. This old article had talked about Iraq devaluing their currency from December 20th.  It stressed that the currency devaluation had to be short-term because it negatively impacts their economy and it does spike their inflation. New Article: “Parliamentary finance resolves the controversy and reveals the fate of the dollar exchange rate in the budget” Quote: “the central bank is the only body that has the authority and is able to change or return the exchange rate.” They’re telling you that in this gentleman’s opinions he believes they are going to increase the exchange rate or adjust it after the approval of the budget…they can’t keep the currency devalued for too long.  I told you it was a 90-day preparation step and that it basically gave you the revaluation date.