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Wednesday, March 7, 2018

BREITLING TIDBIT, 7 MARCH

They’re going to add value to their currency…their plan was to rebuild their economy and…they wanted to get as modern as possible and be able to get outside of the oil industry.   They wanted to be able to diversify so they had a little bit of insurance.  And that’s still their intent.  The first step in order for them to do that is to add value to their currency.  That way they have purchasing power to be able to go out in the world and compete with their own currency…it’s very very simple….they have 2 options to revalue.   They can revalue in an up market or they can revalue in a down market.   There’s no way they are going to get out of it.  Either way they have plans to do so.  Nothing has changed.  If you look at their original statements that came out of the CBI, the Ministry of Planning and Parliament…when they went to the IMF they said they wanted to get their currency back to $3.25…Iraq has a plan.  It hasn’t changed.   The only opinion that should concern you is the CBI, the Ministry of Planning and Parliament.  Nothing has changed.

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