PAULETTE: I still don’t understand why the Budget couldn’t be implemented at a Program Rate…Every Budget previously implemented was at a Program Rate even though many have said that it couldn’t be done. The value of the Budget is and has always been delineated in USD as the revenues for the Budget predominantly come from oil sales in USD. The MOF given authority by the Budget Law then requests the CBI to exchange USD for IQD in order to pay the expenditures. RANDY: You’re right, it can open at 1300, but it looks like financial stupidity, and three year international financial suicide if it holds at that rate, all this work for despair? [Post 1 of 2….stay tuned]