Jeff says - Everything is pointing and circling around the rate change including the approval process of their 2020 budget.

by **Ponee** Sun Feb 23, 2020 8:21 pm

Jeff   ...what is Iraq doing?  Right now they're telling us they probably believe next Monday they're going to finish and approve the cabinet and/or the full government.  That would be the new Prime Minister Allawi's government.

...Everything is pointing and circling around the rate change including the approval process of their 2020 budget. Facts are confirming the last step we're waiting on is the rate change. Everything in Iraq has been put on standby including the approval process of the but budget. It's all waiting on the rate change...Iraq is literally walking in Kuwait's footsteps time frame wise.  Kuwait changed their rate on March 24th of 1991...

...What this is is a reinstatement. The phrase "RV", that phrase "revaluation", all that was fabricated from this investment. That phrase never existed.  "Rate change" existed but not "revaluation". This is a reinstatement. That means they have to bring back a former rate. I've studied the value of Iraq's rate through the last 100 years.  The low side was about $2.80 and the high side was about $4.20.  The point is they've never had a $1.00 rate to reinstate... Iraq 's currency devalued at $3.22 in about 2004...

2-22-2020