Militia Man
Why haven't they [Paid the salaries]? There's got to be a reason for it and we believe it comes down to that the 23, 24, 25 budget is going to have an internationally acceptable exchange rate that's going to be on the Forex so that we all as investors can freely trade the Iraqi dinar in an international environment. That's the whole purpose of us being here...
We have Standard & Poor giving them [Iraq] a stable outlook to an increasing positive outlook becausethey're now exporting agricultural wares and they have non-oil revenue streams coming in at the borders. That's why they're beginning to look good - because of the investment environment is ripe...
Bruce [via WiserNow] Iraq did not put their new rates on the dinar in their gazette - their official document called the Gazette...which is a major publication day Wednesdays and Saturdays. But according to our contacts in Iraq, they should be putting in Saturday's gazette So we'll see what happens.
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