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Breitling says --  they are looking at how to tackle the financial problem they have inside of Iraq.  I_icon_minitimeMon Jan 15, 2024 5:43 pm by RamblerNash

Breitling says -- they are looking at how to tackle the financial problem they have inside of Iraq.

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Post by Ponee Wed Jul 01, 2020 9:20 pm

Breitling 


 ...they are looking at how to tackle the financial problem they have inside of Iraq.  They looked at the reserve and they said, 'they probably could take out 11 billion dollars worth of the reserve and not really hurt the value of the currency and to be able to fix some of our problems.'  But you have a completely different group saying 'you don't need to do that.  Let's protect our reserve.  Add value to our currency.  And invest in the Western markets.'...these guys will never give you rates...they'll always avoid giving some sort of rate...you and I know what they need for the budget - for it to succeed.  My projected budget for what they needed at $53 to $56 a barrel was about 56 cents to the dollar.  Now it's about .63 cents to the U.S. dollar...see the trend?  It's going up... 


07.01.2020
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