Jeff

  In Jeff 

Iraq is moving in Kuwait’s footsteps. It’s that simple. Kuwait changed their rate at the beginning of their fiscal year. Iraq’s already told you that’s what their intention, goals and objections are too. Iraq already came out telling you in print that they are going to increase the value of their currency at the beginning of a new budget period. Iraq’s new fiscal year does not even start until April 1st…Iraq has gone as far forward as they can at this point without changing the rate…once they finish the ’21 budget it’s game over. After the ’21 budget comes the rate change.