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Monday, October 3, 2016

RCOOKIE TIDBIT, 3 OCT

rcookie    ...IRAQ STRUCK DEAL IN JULY TO COMPLETE MONETARY REFORMS INCLUDED IN 2017 BUDGET...WHICH THEY DID...AND US HAS NOT HELD ITS END OF THE BARGAIN AS FAR AS GUARANTEEING HALF OF THE BONDS...WHICH WERE IN THE 2016 BUDGET AS WELL AS THE PENDING 2017 BUDGET...

THEY ARE SAYING THEY ARE GOING TO DELAY THE BONDS THAT WERE SCHEDULED TO BE LAUNCHED BEFORE END OF 2016 ...TO EARLY 2017 BECAUSE US CONGRESS FAILING TO APPROVE...

THAT WILL BECOME ANOTHER AMENDMENT TO 206 BUDGET LAW THAT WILL HAVE TO BE ADDRESSED... THE LOAN AFFECTS BUDGET EXECUTION...NOT CURRENCY REFORM...

BOND DELAY AFFECTS THERE ABILITY TO EXECUTE THE BUDGET AND ADDRESS THE DEFICIT THRESHOLDS SET BY THE IMF...

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