Guru Frank 26 & Firefly 11/3/22

by **Ssmith** Thu Nov 03, 2022 3:31 pm

FIREFLY: Key is back to 1190 then within 3 to 4 weeks go to 1 to 1 maybe even $1.15 soon after that to go into the $3+ range.

FRANK: Well that’s almost correct…

FIREFLY: Again the CBI is meeting with Sudani…and they are giving reports on all Iraqi banks…some are calling for a 1200 rate to come back. Many are saying don’t change it to that because the reform itself calls for a rate change and that change will be better...

FIREFLY: The reforms have a rate change and that’s the next thing that’s happening. The government today said why do you think I’m changing the rate to 1200?

FRANK: ...Find me one person talking about the 1200. And who is it? Framework. Anybody else? No. Only the Framework is talking about 1200. The CBI, experts, economists are talking about the 1200 that the Framework are talking about.

FIREFlY: The next step of the reforms is a rate change…and the budget will be tied into this.