10-26-2014 *American Contractor

[Vixen]

10-26-2014 *American Contractor ~It appears the Iraq Stock Exchange will be delayed on coming back online on Sunday, October 26. The delay is caused by software issues and the communications between banking institutions and brokers. The International Monetary Fund (IMF) still does not have an Article IV consultation because the Iraqi government failed to complete a 2014 budget. There is a danger of the Iraqi government borrowing from the Central bank reserves increasing inflation and devaluing the Iraqi dinar. The Iraqi government continues to operate their government without knowing how much they are spending and what they are taking in. The budget must be passed as it is still at a standstill.