Al-Zaidi runs a half-built cabinet. Parliament seated 14 of his 23 ministers back in May and stalled on the other 9, interior and defense among them…Until that cabinet is whole there is no new budget, and until there is a new budget the dinar holds at 1,300…The law that would put a real price on the oil, the hydrocarbon law that splits revenue between Baghdad, Erbil and the producing provinces, has been stuck since 2007. al-Zaidi has made it a priority of his program…The plan gets drawn in Washington. The signatures that make it real are still waiting in Baghdad, and the reprice waits behind all of them. :Reset Intelligence
