A lot of people don’t really understand why the HCL is correlated to an increase in the exchange rate…It is a well-known fact this law is the catalyst for a revaluation. If the HCL gets passed…and we have proof it is in the budget, that’s…exciting. That tell me we are very very close…Iraq’s constitution states Oil and Gas belong to all Iraqi people…But the legal framework governing those resources has remained contested…US envoy Tom Barack and Kurdistan Prime Minister Mosrour Barzani welcomed progress on…finalizing an oil and gas agreement…They are in the final stages of getting this thing done and this is the reason why the budget is going back and forth right now. This is a big big deal.
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