Pimpy

  In Pimpy's Investment Chat 

There’s some things people are getting overly excited about…the budget could it be getting voted on? That’s the rumor. We’ll see. Article:   “Parliamentary Finance: The budget is ready for voting, with the exception of a paragraph related to the Kurdistan region” My understanding is that their constitutional law says they cannot pass a budget without the Kurdistan Regions part in there…Saturday were going to find out…They’re talking about voting on the 21st. That’s the rumor. We will see.

Will they pass the budget this weekend? Many of us want to see the budget get passed so we can see if indeed there’s any changes to the exchange rate. It’s my feeling even if there is one it’s not going to be like the one everybody anticipates. It’s going to be most likely put back up to where it was before…1190 dinars for every dollar. I don’t think you’re going to see any major changes in the rate. No big announcements. Not at the moment.

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