Iraq can change the rate as frequently as they want until they have an approved budget…Once the budget is approved the budget is calculate against that currency value that it was approved against. …Their budget is not approved. They have devalued their currency… Saturday, they could approve the Council of Ministers, the last 9 cabinet ministers and they can change the rate and throw out a new international rate over the weekend. They can do that because the budget is not approved. Right now this is a test of everyone’s faith and patience. How much do you have? Everything is optics until the budget is approved…Nothing is locked in until the budget is approved. :Jeff
