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TOPIC: Sunday UPDATE for November 27, 2016


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Sunday UPDATE for November 27, 2016
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It has been reported that the popular vote was approved thereby uniting Iraq but the budget vote was postponed until Thursday, December 1, 2016. The distribution of the lower denoms are "expected" to be in all provinces by morning.


The IMF review has been moved to Monday, December  5, 2016.  Iraqi TV states the importance of the loan and that the fight in Mosul needs to be completed to plant the flag and commence the national reconciliation.

So, it appears that the complete freeing of Mosul, the passing of the budget and the national reconciliation will all occur on Thursday, December 1 and the IMF review to conclude on Monday, December 5. Can the currency revalue see an international public release before then?

Time Will Tell. smile



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