Friday, December 6, 2013
12-6-2013 Newshound Guru Doc
12-6-2013 Newshound Guru Doc We are also seeing many
reports concerning the 2014 budget. The last report suggested passage by
end of year. There appears to be an issue over the Kurds share which Bagdad wants to drop to 12%
which tends to be a fight every year. We think this will be resolved as
it is every year. The more interesting thing is every report is now
reporting a total budget of 176 trillion dinar. This alone should put
to end that the 2014 budget contains the new RV rate. The 176
trillion number represents an exchange rate of the current 1166 program rate.