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Jeff says --  This is the last and final step required for the rate change...they can change the rate anytime after that... DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Jeff says -- This is the last and final step required for the rate change...they can change the rate anytime after that...

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Jeff says --  This is the last and final step required for the rate change...they can change the rate anytime after that... Empty Jeff says -- This is the last and final step required for the rate change...they can change the rate anytime after that...

Post by Ponee Thu Nov 12, 2020 8:57 pm

Jeff  


...They've done it!  They've approved the borrowing law.  The 3rd and final reading is all done...  Article:  "Parliament passes the borrowing bill and gives a green light to pay salaries" ...it's not a legal binding law yet.  The next thing they're going to do is pass it off to the president for signature.  That will not happen  until next week...The president has to sign off on it so it can be a legally binding law and can be printed in the gazette.  That won't happen until next week...by the 21st...there's nothing else remaining.  This is the last and final step required for the rate change...they can change the rate anytime after that...


the last step is positioning in the money.  That's what they're doing right now...one of the most important steps of positioning the money is changing the rate and making Iraq's currency internationally recognized.  That's one of the most important steps of the reforms.  Everything is right on track.  It's looking very very good.  We are moving in the right direction.  Iraq should have everything done and ready to go by the 21st next week...I'm not giving you that as the RV date...that's when they'll have everything done and ready to go...they can change the rate anytime after the president signs it [the borrowing law].  We're looking very good.

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