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Wednesday, February 17, 2016

POPPY3 & WMAWHITE TIDBITS : Q & A, 17 FEB

Poppy3:    ... .80 CENTS...WILL NOT PULL IN ANY DINAR...HAS TO BE $1.20 OR BETTER TO BRING DOLLARS IN.  ANTICIPATE NO LESS THAN A $1.25 BUT I STILL THINK IN MERELY DAYS THE $3.00 PLUS RATE.

CAN'T FILL THE BUDGET WITH ANYTHING LESS.

THEY MAY TRY TO DRAW IN USD FOR A FEW DAYS BUT I REALLY DOUBT IT

Q: [Any good news?] 

Poppy3:  SAME AS THE LAST REPORT RATE TO BE POSTED IN THIS FIRST QUARTER OF 2016 AND POINTING AT MARCH 1...NOTHING HAS CHANGED FOR ME TO THINK DIFFERENT. 

TIME WILL TELL.


Q:  [Has the old guard lost leverage throughout the MOF CBI etc and does Abadi have the the US and IMF total support?] 

wmawhite :  ...the IMF is steering this ship ….Once the IMF is ready to step aside then you will see the changes at the CBI...IMO. 

The Technical Letter of Agreement are no different than a contract...there is no wiggle room...it states that the government "will" do. 

Prior to publishing the Letter of Agreement the IMF stated that they expect Iraq to enter the economy market...well, they are not part of those markets because they have nothing to join with...so, we are going to see soon what we are looking for.

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