Guru Jeff: "If they were going to complete the budget and put out a brand new rate January 1st they would not be doing a temporary budget or interim budget" 12/30/19

by **RamblerNash** Mon Dec 30, 2019 10:17 pm

Guru Jeff
Article via ZazaZoom: "Parliamentary Finance: The Government will proceed with the interim budget" ...The reason why they've never done an interim budget but they would now need to tells us they're most likely transitioning to a different fiscal period and they would need some kind of temporary funds to cover them for the period of time that the main budget is not covered...historically in the 70's their fiscal year went from April through the end of March. Identical to Kuwait's...

...In order for Iraq to have a rate greater than $1-plus and go up to $3-plus they need to un-peg from the dollar and go to a new fiscal year.  Then they would have to be pegged to a currency assortment basket to achieve a rate greater than $1. That would most likely transition them to a different fiscal period and that would suggest to us why they're doing this temporary budget...

Article via ZazaZoom "Parliamentary Finance: The Government will proceed with the interim budget" ...there are a whole bunch of gurus talking about new rates and everything coming out around January 1st. If they were going to complete the budget and put out a brand new rate January 1st they would not be doing a temporary budget or interim budget.  This is the third article I've seen talking about this...

12/30/19