For 20 years Iraq has passed and was able to implement a budget even with the bad exchange rate… But people out there say, ‘It’s impossible, this budget won’t be able to make it without a higher exchange rate.‘ That’s not true. Who said they can’t make it without a higher exchange rate? …the exchange rate does affect the budget but…they already know the value of their currency. The entire budget is based on that value…I’m not saying you guys [Iraqis] couldn’t appreciate a much higher exchange rate. I know we would love for you guys to get one…but…those individuals out there swearing up and down Iraq is not going to be able to make it without a higher exchange rate for these budgets, that’s just a false claim…
