Frank26 (KTFA)
[Iraq boots-on-the-ground report]FIREFLY: Due to a new 6 day holiday EID all stock market trading will be closed until July 3rd.
FRANK: They are trying to talk to you again. The budget is at 64 trillion. That is impossible at a program rate.
FIREFLY: The dollar is jumping just like they said it would happen during EID. It is jumping because of the need of the dollar during these 6 day of the holiday and we don’t have any more auctions they are closed. So the demand for the dollar is up. They told us not to worry it will change back after the holidays…......................................................
FRANK: For them to tell you the exchange rate of the dinar will climb after the budget is introduced that’s not a clue that’s the monetary education straight to you.
FIREFLY: Soon…the projects that are in the budget will start to be funded.
FRANK: Not at a program rate!
FIREFlY: And it’s going to be retro to January 1st 2023.
FRANK: And so will the new exchange rate be retroactive to January 1st.
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