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I really thought (should be read here as "hoped") that we would see $3.22 by March (3) 22, 2016 [which is today, by the way]. Alas, we do not see this rate on this date. Maybe we'll see it someday soon. Haha. Soon... So yeah, with that being said. Who wants to go over to Iraq and tell those lazy camel-hoarders to step up their game and get on with revaluing the IQD to its rightful exchange rate against the US dollar so we can all get our early retirements? All in, say "aye"! TQ out.
So I've been wondering.... there's the Iraqi parliament, the house of representative, the cabinet, the PM. Who or what group is the final authority on passing the budget? What is the structure or hierarchy of the GOI? Each of those entities seem to put out their own statements on issues and each sound as if they are the one that has the final say so on what's going to happen. I know that it has to be read 2 times then its voted on and something about it being posted in the iraqi gazette. But Who/what group are the ones that make the FINAL vote and make it into Law? Anybody?
Looking at everything and just reading people's opinions throughout the release of articles, I'm just not seeing anything good coming out of Abadi and the new government. I don't feel like it does anything to influence the likelihood of any kind of "revaluation" of the dinar. Neg me if you will, it's just my opinion; I just feel like lately this is just looking like it's fading into obscurity and the people behind this have all long done made their money while we persevere hoping for a miracle.