Jeff
What they've told us is that going into 2025 they were going to end the currency auctions. We know that much.
They did say they transitioned to that new method of transferring foreign currencies abroad... allowing specific local banks within the country of Iraq to send the foreign currencies...But they never officially ended the currency auctions...
We know the currency auctions have to end at least by the time the rate changes. We also know that from last November through the end of January the currency auctions went up from about $280 million to $300 million, then in January of this year...went higher from $290 million to $300 million...
Their actions of incrementing the currency auctions to higher amounts suggest we're getting getting very close to nearing the end of this..