1-15-2014 Newshound Guru Kaperoni
1-15-2014
Newshound Guru Kaperoni Article: "Kurdistan:
We have reached understandings with al-Maliki on the budget and oil" The
budget is based on dollars not dinar. 70% of the budget
is operational so there is no exchange rate, its simply salaries, wages,
expenses payable in dinar. Just like in the US, a
dollar is a dollar, there is no exchange rate. The
remaining 30% is the investment side and a high exchange rate of the dinar
could benefit as they could reduce inports, materials etc. But until it
is greater than the dollar, it means nothing. [post 1 of 2....stay tuned]
