Jeff

  In Jeff 

With Kuwait when they revalued they didn’t have everything 100% positioned. They were still in a little bit of disarray and upside down. Even when they did revalue, this was March 24, 1991, it was a Sunday, Kuwait didn’t even have electricity 100% turned back on and they didn’t even have computers ready to go at the banks. The day they did the rate change they were having to do paper transactions at the banks.  So they were more disorganized back then. Let’s now look at Iraq. Iraq is dotting every “I” and crossing every “T”. They’re making sure that everything is 100% positioned and prefect.  Iraq has used this entire year to set the rate change for this…they’re getting everything ready for the 2020 budget…so those are going to be the big difference between both Kuwait and Iraq.