Pimpy says -- We're already in April and the budget hasn't even been approved...

by **Ponee** Fri Apr 15, 2022 12:18 am

Pimpy

Still got the issue of trying to establish a government. Right now we're still in that time period that Sadr gave the Coordination Framework. There's a lot of outside interest coming in and trying to influence and rush this process which is exactly what Sadr did not want to happen...I will be extremely curious as to Sadr's move when he's done with his 40 days of silence...the bad news...a president has not been selected. The good news is that Saleh is still president and Al-Kazemi Prime Minister. And both seem to be kicking butt.

Article: "Parliament will ask the government to send the 2022 budget" As they should. The current government that's in control right now will continue to stay in control until the ones that were chosen and voted in take over.  And since that's the case there's a request for them to send over the 2022 budget. We're already in April and the budget hasn't even been approved...

Article: "Oil surges on OPEC, gold jumps on inflation"  Here's some really good news..oil is projected to go to around $150 per barrel.  Of course this helps benefit Iraq.  And no, the Iraqi dinar exchange rate is not going to change just because it's getting more oil money...there are more things to factor in - A stable government, which they don't even have one established. Stable economy, which they haven't even passed the budget. Plus Iraq has to get away from the fact that 90% of the budget's revenue comes from oil.  They are working very hard and great reports have been coming out that the private sector is being built...things are going in the right direction but it isn't going to happen overnight but this is a major help...

4-12-2022