Guru SteveI Iraq wants and will get this new budget done before the New Year.

by **Ponee** Mon Dec 08, 2014 11:39 pm

Guru SteveI   Iraq wants and will get this new budget done before the New Year.   I still think this is our year, so get your plan in place.

[ I believe the article was on Dec 1st that stated the budget would be ready for Parliament with in 7 to 10 days? Have you heard whether this time frame has changed?]   Yes, the time frame is correct. We believe that the closing of the 2014 and rolling it into the 2015 budget, and adjusting it to a real number based on the oil price has finally been done.  I truly believe it will get done before the new year. Date? not yet. Rate, Yes, same as my previous predictions...it will be close to the bordering countries.

[ I have read some articles stating that stability in the country is getting much better?] This is absolutely true. Our sources say that is pretty much under control and not an issue. Huge progress.

[Based on what you know and what you [Guru] Ray are hearing, is the budget the only holdup right now, or are there other things as well?] After trying to figure this out...what sure seems to be pointing to the last accomplishment is the budget...had the budget been passed before the necessary laws, would it have worked? Answer - No. Now that HCL is agreed upon, and may laws we never heard about, we are sure on our way.

[it was said...that the budget has nothing to do with the RV, that CBI is in charge of when they release the new rate and at what rate, regardless of the budget.]   ...the budget and a currency value do go hand in hand. Yes, the CBI is in 100% control of the currency rate is a part of the model of a plan that can be achieved over a period of time. This partnership has to be on the same playing field (for the lack of better term). This will be done as one, not one against another.