Mnt Goat

  In Mnt Goat 

Oh yeah, the budget has a new rate in it… It’s the new de-valued rate of 1450…Okay having said this they can still delete the zero making the rate $1.45 dinar to $1.00 dollar (inside Iraq). This could happen suddenly after they pass the budget. I doubt it will but let’s explore it…the strategy of reducing the value of the dinar has cut their deficit in half. But what will happen to it when and if they raise the value of the dinar to $1.45? It will explode but can they handle this with proposed loans from the IMF? Time will tell what they do.